Kitchen maker Nobia says Q4 sales, profit to exceed forecasts
18/01/2021 06:51
STOCKHOLM, Jan 18 (Reuters) - Swedish kitchen maker Nobia
NOBI.ST expects operating profit and sales to beat market
forecasts in the fourth quarter due to strong trading in the
Nordics and central Europe.
The firm said operating profit, excluding one-offs, will
rise to 290-300 million crowns ($34.5-$35.7 million) from 214
million a year ago, and estimated sales at 3.45 billion, with
organic growth at around 5%.
Nobia said market conditions since December were however
still affected by the coronavirus pandemic.
"The recent more extensive lockdowns are impacting
consumers' access to our store network, and especially so in the
UK, Denmark and Austria," it said in a statement late on Friday.
The kitchen maker, which said figures were preliminary and
unaudited, is due to announce its fourth-quarter report on Feb.
4.
($1 = 8.3992 Swedish crowns)
(Reporting by Helena Soderpalm; editing by Richard Pullin)
((helena.soderpalm@thomsonreuters.com; +46 8 700 10 15; Reuters
Messaging: helena.soderpalm.reuters.com@reuters.net))