Brief: Nobia Q4 operating profit just beats forecasts, proposes extra dividend

Nobia AB

06/02/2018 07:00

Feb 6 (Reuters) - Nobia  NOBI.ST : 
    * Q4 - NET SALES FOR Q4 AMOUNTED TO SEK 3,116 MILLION 
(3,155) 
    * Q4 - ORGANIC GROWTH WAS 0 PER CENT (5) 
    * SAYS BOARD PROPOSES AN ORDINARY DIVIDEND OF SEK 3.50 PER 
SHARE 
(3.00) AS WELL AS AN EXTRA DIVIDEND OF SEK 3.50 PER SHARE 
    * Q4 - OPERATING PROFIT AMOUNTED TO 282 MILLION (297), 
CORRESPONDING TO AN OPERATING MARGIN OF 9.1 PER CENT (9.4) 
    * SAYS BOARD ALSO PROPOSES THAT AUTHORISATION IS OBTAINED 
TO 
CANCEL TREASURY SHARES 
    * SAYS DESPITE CURRENCY HEADWIND AND A CHALLENGING UK 
MARKET, WE 
DELIVER AN EBIT MARGIN THAT REACHES OUR FINANCIAL TARGET OF 10 
PERCENT 
    * SAYS OUR STRONG FINANCIAL POSITION WILL ALSO ENABLE 
CONTINUED 
INVESTMENTS IN GROWTH, BOTH ORGANIC AND VIA ACQUISITIONS 
    * REUTERS POLL: NOBIA Q4 NET SALES SEEN AT SEK 3,108 
MILLION, EBIT 
AT 278 MILLION, DIVIDEND AT 3.50 SEK/SHARE 
 
Source text for Eikon:  ID:nWkr5vFPJn  
Further company coverage:  NOBI.ST  
 
 (Reporting by Stockholm Newsroom) 
 ((stockholm.newsroom@thomsonreuters.com; +4687001017;))