Comments from the CEO
Morten Falkenberg, President and CEO, comments the fourth quarter 2016
“"Organic growth remained positive in the fourth quarter, primarily driven by increased sales to the Nordic project market. I am also pleased with the sales growth and profitability that we achieved in the tough UK market. The price for Poggenpohl was below our expectations, but the divestment of Poggenpohl entails an improved operating margin for Nobia. For the full-year 2016, an operating margin of 10.3 per cent was reached, despite significant negative currency effects. Thus, the operating margin target is achieved. Going forward, we will continue to focus on profitable growth, both organically and through acquisitions," says President and CEO Morten Falkenberg.
Latest update: 13 February 2017