Sweden's Nobia Q2 sales fall on market weakness

Nobia AB

17/07/2026 07:41

Overview
Sweden kitchen maker's Q2 sales fell 1% organically amid weak demand
Q2 operating profit and adjusted margin improved despite market volatility and restructuring costs
CEO cites Nobia Park transition as complex, with cost control and consolidation ongoing

Outlook
Company says Nordic kitchen market remains volatile with low demand, no quick rebound expected
Nobia expects additional run-rate savings from cost program starting in third qtr
Company to present timeline and roadmap for Nobia Park and broader consolidation soon

Result Drivers
MARKET WEAKNESS - Co said low demand in the Nordic kitchen market continued to weigh on sales
COST CONTROL - Improved adjusted operating profit and margin attributed to cost discipline and consolidation
PRODUCTION TRANSITION - Transfer of production to Nobia Park in Jönköping remains complex and has created operational challenges

Company press release: ID:nWkr2jPKlQ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
SEK 1.50 bln
SEK 1.55 bln (2 Analysts)
Q2 EPS
 
SEK 0.03
 
Q2 Net Income
 
SEK 4 mln
 
Q2 EBIT
Miss
SEK 70 mln
SEK 92 mln (2 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy"
Wall Street's median 12-month price target for Nobia AB is SEK26.40, about 90.2% above its July 16 closing price of SEK13.88
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)