Nobia AB

NOBI

Equity

ISIN SE0000949331 / Valor 1438095

NASDAQ Nordic Exchange Stockholm, Equities (2026-02-27)

SEK 2.46+2.33%

Nobia AB
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About company

Nobia AB is recognized as Europe's leading kitchen specialist, distinguishing itself through its comprehensive focus on kitchen solutions. The company operates by engaging with a significant customer base, reportedly meeting over 60,000 customers weekly and delivering upwards of 10,000 kitchens during the same period. Nobia's business model emphasizes the design and creation of kitchens that not only cater to the needs and preferences of consumers but also incorporate considerations for environmental sustainability. This approach reflects in their product development and operational strategies, aiming to inspire a healthier and more sustainable lifestyle among their users. With its headquarters in Stockholm, Sweden, Nobia has positioned itself as a key player in the kitchen industry across Europe, leveraging advanced manufacturing techniques, including robotics, to enhance its production capabilities and efficiency.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Sales and regional performance

Quarter sales declines were broad-based: Nordic -25% organic, UK -21% organic and Portfolio BUs -13% organic. The consumer segment weakened most; project deliveries held up longer due to lead times. Currency had a small positive sales effect but exchange-rate changes reduced operating profit by about SEK -50m in Q4.

Margins and operating profit

Gross margin rose to 35.1% (from 33.4%) driven by price increases, cost reductions and slightly lower direct material pressure. Restructuring savings in Q4 were SEK 90m; full-year savings realized about SEK 280m (with SEK ~350m annualized target). Operating profit excl. IAC was only SEK 3m (versus SEK 25m a year earlier) because the large drop in volumes outweighed margin improvements.

Cash flow and leverage

Operating cash flow was SEK -188m in Q4 (full-year operating cash flow SEK -810m). Net debt (including leases and pensions) was SEK 5,383m at 31 Dec 2023; net debt excluding IFRS16 leases and pensions was SEK 3,464m. At year-end SEK 3.9bn of the SEK 5bn revolving facilities were utilized.

Items affecting comparability & Jönköping

Q4 IAC of SEK -78m included a SEK -100m write-down of the Jönköping property, reversal of other write-downs of SEK +57m, restructuring costs and factory transition costs. The Jönköping factory property was sold in a sale-and-leaseback (closed Feb 2024) — agreed property value SEK 1,350m with estimated cash proceeds ~SEK 1,090m; the Q4 impairment reflects the reclassification and fair-value adjustments.

Post-quarter financing and strategic actions

After quarter close Nobia closed the Jönköping sale-and-leaseback, agreed divestments of Bribus (Netherlands) and ewe (Austria) to focus on core Nordic and UK markets, and the Board resolved a fully guaranteed rights issue of approx. SEK 1,250m (fully covered). An amendment and extension of credit facilities was agreed. The Board proposes no dividend for 2023.

Operational outlook and leadership

Management expects market stabilisation in 2024 and recovery in 2025; the new Jönköping factory (to be fully operational end‑2024) is expected to lift Nordic EBITDA by roughly 3.5 percentage points when volume benefits are realized. CEO Jon Sintorn has announced his resignation (search for successor in progress).

Summarized from source with an LLMView Source

Key figures

-37.6%1Y

-69.4%3Y

-91.1%5Y

Performance

66.1%1Y

91.9%3Y

75.4%5Y

Volatility