Brief: Nobia - Net Sales For Q4 Increased By 2% And Amounted To SEK 3,445 mln

Nobia AB

04/02/2020 07:09

Feb 4 (Reuters) - Nobia AB  NOBI.ST :
    * YEAR-END REPORT 2019
    * NOBIA - NET SALES FOR Q4 INCREASED BY 2% AND AMOUNTED TO SEK 3,445M (3,390).
    * NOBIA - OPERATING PROFIT EXCLUDING. ITEMS AFFECTING COMPARABILITY THAT AFFECTED Q4 2018,
WAS SEK
214M (175), CORRESPONDING TO AN OPERATING MARGIN OF 6.2% (5.2)
    * NOBIA - ORGANIC GROWTH DECLINED IN QUARTER, MAINLY DRIVEN BY A SOFTER NORDIC PROJECT
MARKET BUT
ALSO AS A RESULT OF FRANCHISING PART OF NORDIC STORE NETWORK
    * NOBIA - BOARD PROPOSES A DIVIDEND OF SEK 4.00 PER SHARE (4.00)
    * NOBIA - IN UK WE DELIVERED ORGANIC GROWTH DESPITE MARKET WEAKNESS
    * NOBIA - BREXIT UNCERTAINTY CONTINUED AND WAS EVEN MORE APPARENT AHEAD OF ELECTION IN
DECEMBER,
BURDENING RETAIL SALES AND CONSTRUCTION MARKET ACTIVITY
    * NOBIA - OUR LONDON BASED PROJECT BUSINESS HAD HIGHER DELIVERIES, HOWEVER MUCH LESS THAN
EXPECTED
DUE TO MARKET UNCERTAINTY AND PROJECT DELAYS
    * NOBIA - TOGETHER WITH CONTINUED GROWTH FROM OUR NEW CONCEPT FOR TRADE CUSTOMERS, WE
DELIVERED
POSITIVE ORGANIC GROWTH FOR REGION

Source text for Eikon:  ID:nWkr92mcvH 
Further company coverage:  NOBI.ST 

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