2015 in brief
- Nobia's net sales increased to SEK 13.3 billion (11.4), positively affected by currency effects, organic growth of 6 per cent and acquisitions.
- Operating profit, excluding items affecting comparability of SEK -96 million (-97), amounted to SEK 1,241 million (975), corresponding to an operating margin of 9.3 per cent (8.5).
- Profit after tax, including items affecting comparability, was SEK 828 million (-27), corresponding to earnings per share of SEK 4.92 (-0.17).
- Operating cash flow amounted to SEK 770 million (779).
Nobia was further consolidated and profitability improved. The Group's operating profit improved, primarily as a result of increased sales volumes and positive currency effects.
During the first quarter, Nobia divested the French kitchen chain Hygena to Fournier Group.
The group-wide measurement standard was implemented in the British kitchen chain Magnet and in Nobia's operation in Finland.
The Simply Magnet range, introduced in the end of 2014, was well received by the customers and contributed to higher sales in the UK.
The brand HTH introduced e-commerce and a new online-based drawing tool in Denmark.
In November 2015, Nobia acquired Commodore and CIE Kitchens, two kitchen companies active in the private development market in the UK. By these acquisitions, Nobia strengthened its presence in the UK project market.
In the fourth quarter, Poggenpohl was impaired due to an incorrect accounting in Poggenpohl U.S. for several years.
Latest update: 12 February 2016