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Nobia: 56% decline in business with Great Britain

Retail profit and net earnings slide into the negative zone

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Published in issue 31/2020
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Due to the corona crisis, group turnover of Swedish kitchen furniture manufacturer Nobia AB (Stockholm) has dropped by 27% to SEK2.741bn (April-June 2019: 3.751bn). Adjusted to account for the exchange rate effects indicated at SEK58m, an organic decline of SEK952m or 25% ensues. The UK business division, due to a ...

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