Nobia Ab · OMXSTO:NOBI
Nobia Ab — Q3 2023 Earnings Presentation
9 slides from Nobia Ab's earnings presentation, 2023
Slide 1: Q3 2023 Results Presentation
Q3 2023 Results Presentation Jon Sintorn, CEO Henrik Skogsfors, CFO
Slide 2: Nobia Group, highlights Q3
Nobia Group, highlights Q3 • Positive EBIT despite a substantial volume decline 2022 Q3 2023 Q3 • Decline in sales reflecting the market development and Net sales (SEKm) 3,480 3,101 macro situation Organic growth (%) 4 -18 • Restructuring cost savings ahead of plan Gross margin* (%) 35.8 35.8 • Pric
Slide 3: Kitchen market development
Kitchen market development Nordic market: Softer consumer/retail market. Project market decline as housing starts decrease and housing completions taper off. UK: Retail and trade market softer. Project market remains weak. Austria and Netherlands: Stable project market in Netherlands. Austria retail
Slide 4: Nordic region Q3
Nordic region Q3 Share of Group sales, % Share of R12 sales by country Finland • Organic net sales declined -21% (7). Estimated to be in line 14% with the market. Nordic Denmark Norway 42% 51% 19% • Improved gross and EBIT margin despite -21% organic Sweden decline and unfavourable currency impact 2
Slide 5: UK region Q3
UK region Q3 Share of Group sales, % Share of R12 sales by segment Other Retail • Organic net sales decline of -18% (1) UK 21% 30% 34% • Restructuring progressing on track, but its effects Project currently offset by the market volume decline 15% Trade 34% − Significant headcount and cost reductions
Slide 6: Portfolio Business Units Q3
Portfolio Business Units Q3 Share of Group sales, % Share of R12 sales by country PBU Other • Organic net sales declined -3% (1) 15% 16% • Sales increased in Netherlands and Commodore & CIE Austria Netherlands 34% 50% • Stable EBIT and margin, driven by positive development in Netherlands • Solid pr
Slide 7: Financial position
Financial position Cash flow 2022 Q3 2023 Q3 Cash flow from operating activities -131 177 Operating cash flow -530 -305 • Improved cash flow from operating activities, driven by working capital improvements Of w. operating profit* 78 131 Of w. change in working capital -409 -143 • Investments in fix
Slide 8: Priorities going forward
Priorities going forward • Drive sales • Continue to deliver on cost-out program • Direct material price reductions • Jönköping factory completion • Strategic options for balance sheet strengthening 8
Slide 9: Slide 9