Continued structural measures in a weak market

(Thomson Reuters ONE) - Download the report in full:Nobia Q3 2009Nobia's sales in the third quarter amounted to SEK 3,568 million(3,690) and organic growth was negative 9 per cent, primarily as aresult of weaker sales in the Nordic region. Profit after tax was SEK37 million (101) and earnings per share after dilution were SEK 0.22(0.60).Operating profit for the third quarter excluding structural expensesamounted to SEK 107 million (180). The operating margin was 3.0 percent (4.9). The quarter was also charged with SEK 14 million instructural expenses. The currency effect was negative SEK 20 million(neg: 30).Sales of kitchens rose during the third quarter in the UK andAustria. Demand for new builds in the Nordic region remained weak,which had an adverse impact on operating profit.Operating cash flow remained positive at SEK 117 million (175).Comments from the CEO"The European market remained weak, although in many areas we can seetendencies toward a certain stabilisation on a new low level," saysPresident and CEO Preben Bager. "We noted that interest in kitchenrenovations is slowly increasing, particularly in the Nordic region.In the UK region, we saw increased kitchen sales in all pricesegments and sales channels. We are making further preparations forstructural measures in a bid to take full advantage of the benefitsof the size of our company."http://hugin.info/133488/R/1349593/325279.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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Bereitgestellt von Benutzer: hugin
Datum: 23.10.2009 - 07:55 Uhr
Sprache: Deutsch
News-ID 7319
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