January-March 2015*
·
Net sales for the first quarter amounted to SEK 3,251 million (2,695).
·
Organic growth was 5 per cent (4). In addition, sales for the quarter were
positively affected by currency gains and the acquisition of Rixonway.
·
Operating profit amounted to SEK 211 million (156), corresponding to an
operating margin of 6.5 per cent (5.8).
·
Currency gains of approximately SEK 25 million (0) affected the Group’s
operating profit, of which SEK 20 million (5) comprised translation effects and
SEK 5 million (neg: 5) transaction effects.
·
Profit after tax amounted to SEK 153 million (47), corresponding to earnings per
share of SEK 0.91 (0.28).
·
Operating cash flow amounted to SEK 34 million (132).
* Comparative figures for 2014 were restated excluding Hygena, see page 6.
Nobia Group summary
Jan Jan Apr
-Mar -Dec -Mar
2014 2015 Change, 2014 2014/20 Change,
% 15 %
Net sales, SEK m 2,695 3,251 21 11,411 11,967 5
Gross margin, % 40.1 40.0 – 41.0 40.9 –
Operating margin 9.2 9.2 – 11.3 11.2 –
before depreciation
and
impairment, %
Operating profit 156 211 35 975 1,030 6
(EBIT), SEK m
Operating margin, % 5.8 6.5 – 8.5 8.6 –
Profit after 132 195 48 899 962 7
financial items,
SEK m
Profit/loss after 47 153 – -27 79 –
tax including items
affecting
comparability, SEK m
Earnings/loss per 0.28 0.91 – 3.20 3.82 19
share excluding
items
affecting
comparability, after
dilution,
SEK
Earnings/loss per 0.28 0.91 – -0.17 0.46 –
share including
items
affecting
comparability, after
dilution,
SEK
Operating cash flow, 132 34 -74 779 681 -13
SEK m
All figures, except for net sales, profit after tax and operating cash flow,
were adjusted for items affecting comparability.
Additional information about items affecting comparability is provided on pages
6 and 9.
Comments from the CEO
“Nobia’s organic sales growth was 5 per cent for the first quarter. Net sales
also increased as a result of favourable currency effects and the acquisition of
Rixonway. Our two largest regions, Nordic and the UK, reported both healthy
organic growth and improved profitability. Operating profit rose 35 per cent
year-on-year. New websites are being launched for our brands this spring, and
new, innovative kitchen solutions are being marketed in our stores. In 2015, we
will open new stores and we are continuing to work on co-ordinating sourcing,
optimising production and harmonising our commercial activities in our three
regions,” says Morten Falkenberg, President and CEO.
For further information
Please contact any of the following on +46 (0)8 440 16 00 or
+46 (0)705 95 51 00:
- Morten Falkenberg, President and CEO
- Mikael Norman, CFO
- Lena Schattauer, Head of Communication and Investor Relations
Interim report January-March 2015
| Source: Nobia AB
Attachments
