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Nobia suffers further declines in first quarter

In end consumer business less spending is slowing development

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Published in issue 19/2023
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In the first quarter of 2023, Swedish kitchen furniture manufacturer Nobia AB (Stockholm) generated turnover of SEK3.660bn (Jan.-March 2022: 3.779bn), equivalent to approximately €323.9m; this corresponds to a year-on-year decline of 3%. Adjusted to account for exchange rate effects, a decline of 6% ensues. Accordin...

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