Sweden's Nobia Q1 sales miss analyst estimates

Nobia AB

29/04/2026 07:40

Overview

Sweden kitchen solutions maker's Q1 sales fell, missing analyst expectations despite 2% organic growth

Company completed UK divestment and raised SEK 1.46 bln via rights issue in Q1

Outlook

Nobia expects restructuring initiatives to generate SEK 80m run rate savings from Q3 2026

Company says volatility in commodity prices and broader market persists

Nobia sees investments in Nobia Park strengthening emissions profile and supply chain resilience

Result Drivers

HIGHER ORDER VALUES - Co said higher average order values contributed to organic growth in Q1

LOWER PRODUCTION COSTS - Adjusted gross margin improved due to lower production costs, according to co

TRANSITION COSTS - SEK 45 mln in transition costs for transfer to Nobia Park facility weighed on operating profit

Company press release: ID:nWkr9M4QG

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
SEK 1.42 bln
SEK 1.77 bln (3 Analysts)
Q1 EPS
-SEK 0.18
Q1 Net Income
-SEK 168 mln
Q1 EBIT
SEK 28 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

Wall Street's median 12-month price target for Nobia AB is SEK3.20, about 85.6% above its April 28 closing price of SEK1.72

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)