Brief: Nobia Q4 EBIT Down At SEK 109 Million

Nobia AB

06/02/2019 07:19

Feb 6 (Reuters) - Nobia AB  NOBI.ST :
    * BOARD PROPOSES A DIVIDEND OF SEK 4.00 PER SHARE
    * Q4 NET SALES SEK 3.39 BILLION VERSUS SEK 3.12 BILLION YEAR AGO
    * Q4 EBIT SEK 109 MILLION VERSUS SEK 282 MILLION YEAR AGO
    * Q4 ORGANIC GROWTH WAS A NEGATIVE 2 PER CENT (0)
    * RESTRUCTURING PROGRAMME AND LOWER SALES VOLUMES CONTRIBUTED TO A WEAKER OPERATING MARGIN
IN Q4
    * IN LIGHT OF INCREASED UNCERTAINTY IN OUR MARKETS, WE CONTINUED TO REDUCE OVERALL COST
LEVEL
    * EFFECTS OF COST SAVINGS PROGRAMME INCLUDE REDUCTIONS IN STAFF AND CLOSURE OF 16 STORES,
PRIMARILY IN UK
    * THESE MEASURES WILL GENERATE ANNUAL SAVINGS OF SEK 80 MILLION IN 2019

Source text for Eikon:  ID:nWkr8wxg2s 
Further company coverage:  NOBI.ST 

 (Gdynia Newsroom)
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