Brief: Nobia Q2 operating profit falls

Nobia AB

20/07/2018 12:08

July 20 (Reuters) - Nobia AB  NOBI.ST :
    * Q2 NET SALES FOR Q2 AMOUNTED TO SEK 3,503 MILLION
    * Q2 OPERATING PROFIT AMOUNTED TO SEK 387 MILLION (413),
CORRESPONDING TO AN OPERATING MARGIN OF 11.0 PER CENT
    * NOBIA OPERATING PROFIT WAS SEEN AT 424 MLN SEK IN REUTERS
SURVEY
OF 3 ANALYSTS
    * Q2 ORGANIC GROWTH WAS A NEGATIVE 2 PER CENT (
    * SAYS DURING JUNE AND JULY WE CARRIED OUT EXTENSIVE
MAINTENANCE
WORK AND SITUATION HAS IMPROVED FOR Q3 DELIVERIES
    * SAYS WE NOW ESTIMATE THAT OUR PROJECT DELIVERIES IN SWEDEN
WILL
GROW DURING FIRST HALF OF 2019, AFTER WHICH THEY WILL MOST
LIKELY NORMALIZE
    * SAYS OUR UK PROJECT BUSINESS HAS GOOD MOMENTUM AND ORDER
BOOK IS
MORE THAN TWICE AS BIG AS LAST YEAR
    * SAYS OUR FINANCIAL TARGETS INCLUDING DIVIDEND POLICY
REMAIN
UNCHANGED
    * SAYS GOING FORWARD WE BELIEVE THAT NORDIC KITCHEN MARKET
WILL
CONTINUE TO BE STRONG, MAINLY DRIVEN BY DANISH AND FINNISH
PROJECT MARKETS

Source text for Eikon:  ID:nWkrdJz3V 
Further company coverage:  NOBI.ST 

 (Reporting by Stockholm Newsroom)
 ((stockholm.newsroom@thomsonreuters.com; +4687001017;))