Brief: Nobia- Q1 Net Sales Sek 3.37 Billion

Nobia AB

28/04/2021 12:05

April 28 (Reuters) - Nobia AB  NOBI.ST :
    * INTERIM REPORT JANUARY - MARCH 2021
    * NOBIA - Q1 ORGANIC GROWTH FOR GROUP WAS 3% (-2), DRIVEN BY 9% INCREASE IN NORDICS AND 20%
INCREASE IN CENTRAL EUROPE.
    * NOBIA - Q1 NET SALES SEK 3.37 BILLION VERSUS SEK 3.45 BILLION YEAR AGO
    * NOBIA - Q1 OPERATING PROFIT IMPROVED TO SEK 196M (134), CORRESPONDING TO AN OPERATING
MARGIN OF
5.8% (3.9).
    * NOBIA - REVISED FINANCIAL TARGETS: GROWTH: AVERAGE ORGANIC GROWTH IS TARGETED TO BE 3-5%
PER
YEAR. (PREVIOUS TARGET: ORGANIC AND ACQUIRED GROWTH OF MORE THAN 5% PER YEAR ON AVERAGE)
    * NOBIA - YEAR-OVER-YEAR GROWTH WAS IMPACTED BY AUSTRIAN LOCKDOWN LAST YEAR
    * NOBIA - REVISED FINANCIAL TARGETS: CAPITAL STRUCTURE: LEVERAGE, DEFINED AS NET DEBT
(EXCLUDING.
IFRS 16 LEASING)/EBITDA, SHALL BE BELOW 2.5 TIMES (PREVIOUS TARGET: NET DEBT/EQUITY RATIO BELOW
100%)
    * NOBIA - REVISED FINANCIAL TARGETS: DIVIDEND POLICY: DIVIDENDS TO SHAREHOLDERS SHALL
COMPRISE AT
LEAST 40% OF NET PROFIT AFTER TAX (PREVIOUS TARGET: DIVIDEND OF BETWEEN 40-60% OF NET PROFIT
AFTER TAX)

Source text for Eikon:  ID:nWkr9lVK3S 
Further company coverage:  NOBI.ST 

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