Brief: Nobia Q1 Operating Profit Falls To SEK 182 Million

Nobia AB

05/05/2022 07:35

May 5 (Reuters) - Nobia AB  NOBI.ST :
    * INTERIM REPORT JANUARY - MARCH 2022
    * Q1 NET SALES SEK 3.78 BILLION VERSUS SEK 3.37 BILLION YEAR
AGO
    * Q1 OPERATING PROFIT SEK 182 MILLION VERSUS SEK 196 MILLION
YEAR
AGO
    * Q1 ORGANIC GROWTH  6%
    * WE ARE LAUNCHING A COST-REDUCTION PROGRAM
    * WE EXPECT IN TOTAL AROUND 200 EMPLOYEES TO BE REDUNDANT,
RESULTING IN A RUN-RATE ANNUAL SAVING OF AROUND SEK 150M
    * WE EXPECT HIGH MARKET UNCERTAINTY AND RISING INFLATION TO
CONTINUE THROUGHOUT YEAR

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Further company coverage:  NOBI.ST 

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