Brief: Nobia Q1 Operating Profit Rises To SEK 260 Million

Nobia AB

02/05/2019 07:51

May 2 (Reuters) - Nobia AB  NOBI.ST :
    * INTERIM REPORT JANUARY-MARCH 2019
    * Q1 OPERATING PROFIT SEK 260 MILLION VERSUS SEK 255 MILLION
YEAR
AGO
    * Q1 ORGANIC GROWTH POSITIVE 1 PERCENT VERSUS NEGATIVE 6
PERCENT
YEAR AGO
    * Q1 OPERATING CASH FLOW AMOUNTED TO SEK 241 MILLION (64)
    * LOOKING AHEAD, WE BELIEVE HIGH MARKET VOLATILITY IS LIKELY
TO
CONTINUE, ESPECIALLY AS A RESULT OF BREXIT
    * SALES IN UK REMAINED ON SAME LEVEL AS PREVIOUS YEAR
    * Q1 NET SALES SEK 3.47 BILLION VERSUS SEK 3.17 BILLION YEAR
AGO
    * WE ARE THEREFORE TARGETING A REDUCTION IN OUR FIXED COST
BASE
    * WE ARE ALSO PUSHING AHEAD TO MAKE FURTHER RANGE REDUCTIONS
AND
FASTER SUPPLY CHAIN CONSOLIDATION IN LINE WITH PREVIOUS
COMMUNICATION

Source text for Eikon:  ID:nWkr8HpDFb 
Further company coverage:  NOBI.ST 

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