Brief: Nobia Q1 Operating Profit Down At SEK 134 Mln

Nobia AB

05/05/2020 07:11

May 5 (Reuters) - Nobia AB  NOBI.ST :
    * INTERIM REPORT JANUARY - MARCH 2020
    * NET SALES FOR Q1 DECREASED BY 1% AND AMOUNTED TO SEK
3,445M
(3,469).
    * Q1 ORGANIC GROWTH WAS -2% (-1).
    * Q1 OPERATING PROFIT WAS SEK 134M (260), CORRESPONDING TO
AN
OPERATING MARGIN OF 3.9% (7.5).
    * NORDIC REGION REPORTED SOLID EARNINGS IN QUARTER, DRIVEN
FOREMOST BY OUR DANISH OPERATIONS WHERE SALES AND PROFITABILITY
IMPROVED IN ALL CHANNELS
    * IN UK HOWEVER, WHICH EXPERIENCED WORST IMPACT FROM
LOCKDOWN

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

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