Plant and branch closures in the UK and Austria take a bite out of Nobia’s profits

Net revenues dipped 1% to SEK3.445bn in the first quarter

The closure of branches and plants in the UK and Austria in the second half of March resulted in a significant downturn in first-quarter earnings at the Swedish kitchen furniture manufacturer Nobia AB, based in Stockholm. According to its interim report for the first quarter, which was published on 5 May, this factor ...

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