Brief: Nobia Q4 Operating Profit Rises To SEK 238 Mln

Nobia AB

01/02/2022 07:34

Feb 1 (Reuters) - Nobia AB  NOBI.ST :
    * YEAR-END REPORT 2021
    * Q4 DEMAND IN NORDIC KITCHEN MARKETS REMAINED STRONG IN
QUARTER.
    * Q4 NET SALES INCREASED TO SEK 3,509M (3,450) CORRESPONDING
TO
ORGANIC SALES GROWTH OF 0%
    * Q4 CENTRAL EUROPEAN MARKETS WERE IMPACTED BY FURTHER
CORONA
RESTRICTIONS IN QUARTER
    * Q4 OPERATING PROFIT INCREASED TO SEK 238M (151),
CORRESPONDING
TO AN OPERATING MARGIN OF 6.8% (4.4)
    * Q4 IN UK BUSINESS CLIMATE WAS CONTINUED VOLATILE WITH
PROJECT
MARKET CONSIDERABLY BELOW PRE-PANDEMIC LEVELS, WHILST TRADE
SEGMENT GREW.
    * Q4 PROFIT AFTER TAX AMOUNTED TO SEK 146M (89),
CORRESPONDING TO
EARNINGS PER SHARE BEFORE AND AFTER DILUTION OF SEK 0.87 (0.53)
    * BOARD OF DIRECTORS PROPOSE A DIVIDEND OF SEK 2.50 (2.00)
PER
SHARE
    * ACROSS OUR MARKETS WE HAVE BEEN SUCCESSFUL IN COMPENSATING
THE
INFLATIONARY PRESSURE BY IMPROVING OUR PRICE POINTS ALBEIT WITH
A LAG IN THE NORDICS DUE TO THE LONG ORDER BOOK. WE EXPECT TO
FULLY COMPENSATE FOR THE ONCOST STARTING FROM Q1 2022.
    * Q4 OPERATING PROFIT EXCLUDING. ITEMS DECREASED TO SEK 238M
(295), CORRESPONDING TO AN OPERATING MARGIN OF 6.8% (8.6)

Source text for Eikon:  ID:nWkr7VSp8Z 
Further company coverage:  NOBI.ST 

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