Interim Report January - September 2003

23 October 2003
 
July - Sept
Jan - Sept
Jan-Dec
Oct-Sept
Key figures
2003
2002
2003
2002
2002
2002/03
Net sales, SEK m
2,144
2,300
6,896
7,251
9,594
9,239
Operating income before depreciation, MSEK (EBITDA)
133
243
620
769
1,036
887
Operating income before goodwill amortisation, SEK m (EBITA)
73
186
440
581
788
647
Operating income, SEK m (EBIT)
59
171
397
534
725
588
Operating margin before goodwill amortisation, % (EBITA)
3.4
8.1
6.4
8.0
8.2
7.0
Operating margin, % (EBIT)
2.8
7.4
5.8
7.4
7.6
6.4
Income after financial items, SEK m
45
146
348
434
606
520
Income after tax, SEK m
32
100
232
288
408
352
Earnings per share, after full dilution, SEK
0.55
1.73
4.02
5.43
7.53
6.10
Return on capital employed, %        
17.9
15.5
Return on shareholders' equity, %        
18.7
14.0
  • Net sales amounted to SEK 6,896 million (7,251)
  • Organic growth of 3 per cent for the Group, corresponding to 7 per cent for the UK operation and 4 per cent for the Nordic operation.
  • The decision to close down the German business unit Goldreif resulted in close-down costs of SEK 95 million.
  • Operating income excluding items affecting comparability was SEK 492 million (534).
  • Income after financial items amounted to SEK 348 million (434).
  • Income after tax amounted to SEK 232 million (288).
  • Earnings per share after full dilution were SEK 4.02 (5.43).
  • The UK operation's operating margin recovered in the third quarter.
  • Sustained increase in income in the Continental European operation.
If you have any questions about this report, please contact:
Fredrik Cappelen, President and CEO, Lennart Rappe, Vice President and CFO,
Katarina Sivander, Communications Manager, tel. +46 (0)8 440 16 00
 
Financial information is also available on Nobia's website:
www.nobia.se
 
For definitions of key figures and ratios, please see Nobia's 2002 annual report.
 
Stockholm, 23 October 2003
Fredrik Cappelen
President and CEO
 
Nobia AB corporate registration no. 556528-2752
 
This report has not been reviewed by the company's auditors.
The year-end report for 2003 will be published on 11 February 2004.
 
Nobia is Europe's leading kitchen interiors company. The Group operates in a number of European markets under strong brand names. Nobia's own specialist kitchen stores and franchise stores are responsible for most of the Group's sales. Nobia is leading the consolidation of the European kitchen market and creating profitable growth by making efficiency improvements and acquisitions, taking an industrial approach. The Group had sales of approx. SEK 9.6 billion in 2002 and has around 5,700 employees. Nobia is listed on the Attract 40-section of Stockholmsbörsen's O-list.
 
Goldreif - HTH - Invita - Magnet - Marbodal - Myresjökök - Norema - Novart - Optifit - Poggenpohl - Pronorm - Sigdal
 
The full report including tables can be downloaded from the following link.
Interim Report January - September 2003 (PDF)