CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Sweden's Nobia Q3 EBIT misses estimates as supply chain, ramp-up costs weigh

By Reuters News


Overview

  • Sweden kitchen solutions maker's Q3 sales were flat yr/yr, meeting analyst expectations

  • Q3 EBIT missed analyst expectations

  • Company says profitability pressured by supply chain consolidation and ramp-up costs


Outlook

  • Company expects transformation in Finland to continue weighing on sales in the short term

  • Nobia to implement streamlined Nordic organisation and close non-Nordic support functions in Q4

  • Company targets annual run-rate cost savings of SEK 150 mln from Q4 2027


Result Drivers

  • FINLAND TRANSFORMATION - Co said negative organic growth was mainly driven by ongoing transformation in Finland, including winding down Novart business and investments in HTH brand

  • SUPPLY CHAIN CONSOLIDATION - Co said profitability remained under pressure from Nobia Park ramp-up and unfinished supply chain consolidation

  • GROUP RESTRUCTURING - Co said new Group structure and consolidation of business units aims to improve competitiveness and profitability


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Meet

SEK 1.28 bln

SEK 1.28 bln (3 Analysts)

Q3 Loss Per Share

SEK 0.35

Q3 Net Loss

SEK 53 mln

Q3 EBIT

Miss

SEK 14 mln

SEK 77.40 mln (3 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "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 SEK15.80, about 13.6% above its November 3 closing price of SEK13.91

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 12 three months ago


Reuters Recommended Reads

  • Nov 3 - Sweden's Embellence Q3 net sales rise 3% on DTC growth

  • Nov 3 - Online fashion retailer Boozt Q3 revenue rises on wider assortment

  • Nov 3 - Fortune Brands Q3 revenue misses estimates on execution issues


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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.