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Nobia organic turnover decreased by 1%

16.05.2019 − 

In the first quarter of 2019 Swedish Nobia group generated turnover of SEK3.469bn. This increase of 9% vis à vis the previous year is attributed to currency effects to the amount of SEK136m as well as the takeover of Dutch kitchen furniture manufacturer Bribus Holding. Since 01 July 2018 Bribus has been part of the group consolidated companies and contributed SEK177m to turnover in the first quarter. Organic turnover of Nobia, in contrast, declined by 1%. The company attributes this decrease to lower turnover in the low price segment in Austria as well as transformation of Norwegian Norema stores into franchise businesses.

Operating profit of the group overall increased by 2% in the first quarter to SEK260m. Positive currency effects to the amount of some SEK5m also had a favourable impact in this case, however. Profit after financial items as well as profit after tax declined, in contrast, by 4% to SEK236m and 5% to SEK183m respectively.

Nobia is active with 20 brands in a total of seven European countries. The number of employees at the end of March was 6,190, 299 of whom worked at Bribus.

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