Brief: Nobia Q1 Preliminary Operating Profit Falls To SEK 134 Mln

Nobia AB

14/04/2020 13:39

April 14 (Reuters) - Nobia AB  NOBI.ST :
    * NOBIA ANNOUNCES PRELIMINARY RESULT FOR THE FIRST QUARTER
2020
    * IN LIGHT OF CURRENT MARKET INSTABILITY AND UNCERTAINTIES
REGARDING ECONOMIC IMPACTS OF CORONAVIRUS (COVID-19), NOBIA
ANNOUNCES ITS PRELIMINARY RESULT FOR Q1 2020.
    * Q1 PRELIM GROUP NET SALES DECLINED BY 1% TO SEK 3,445M
(3,469).
    * Q1 PRELIM OPERATING PROFIT AMOUNTED TO SEK 134M (260),
CORRESPONDING TO AN OPERATING MARGIN OF 3.9% (7.5)
    * NOBIA'S FINANCIAL POSITION AND BALANCE SHEETS REMAINS
STABLE
WITH AVAILABLE CASH AND UNUSED CREDIT FACILITIES BY END OF MARCH
OF APPROXIMATELY SEK 1.3 BILLION

Source text for Eikon:  ID:nWkr2lfGHw 
Further company coverage:  NOBI.ST 

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