Nobia Ab · OMXSTO:NOBI
Nobia Ab — Q3 2022 Earnings Presentation
11 slides from Nobia Ab's earnings presentation, 2022
Slide 1: Q3 2022 Results Presentation
Q3 2022 Results Presentation Jon Sintorn, CEO Kristoffer Ljungfelt, CFO
Slide 2: Nobia Group, highlights Q3
Nobia Group, highlights Q3 • Organic growth driven by price increases 2021 Q3 2022 Q3 • Challenging business fundamentals Net sales (SEKm) 3,215 3,480 • Lower margins and profit - continued inflationary pressure Organic growth (%) 3 4 - challenges in the Nordic supply chain - investments in UK sales
Slide 3: Kitchen market development
Kitchen market development Nordic market: Project segment holding up on the back of new housing completions. Softer consumer demand. UK: Turbulent economic fundamentals. Consumer segment softer. London super- premium project market remains weak. Austria and Netherlands: Stable underlying demand. 3
Slide 4: Direct material pricing impact update Q3
Direct material pricing impact update Q3 Packaging & • Significant inflationary pressure on direct material Chemicals Joinery 5% • Raw material prices flattening out on a high level 6% Appliances • Total on-cost for material, energy and transport of Frontals 26% approx. SEK 250m in Q3 13% • Latest e
Slide 5: Tomorrow Together Strategy - priorities
Tomorrow Together Strategy - priorities Sustainability and Design Leadership ambition: Growth Acceleration initiatives: Leading the industry through reduced environmental • Catapult trade growth footprint and beautiful and purposeful design • Revitalise consumer retail • Reinforce project leadership
Slide 6: Nordic region Q3
Nordic region Q3 Share of Group sales, % Share of R12 sales by country Finland 12% • Organic net sales increased 7% (8) Nordic Norway Denmark 51% 19% 44% – Growth in all countries, driven by higher average order values Sweden • Gross margin and transport impacted by cost inflation 25% and supply cha
Slide 7: UK region Q3
UK region Q3 Share of Group sales, % Share of R12 sales by segment Other • Organic net sales growth 1% (0) 18% UK Retail – Growth in Magnet retail despite market decline, trade segment 36% 34% Project stable and project segment down 16% • Average order values and segment mix mitigate raw Trade 32% m
Slide 8: Portfolio Business Units Q3
Portfolio Business Units Q3 Share of Group sales, % Share of R12 sales by country PBU Other 13% • Organic net sales growth 1% (-7) 19% Netherlands – Organic growth in Netherlands and Austria 44% – Continued weak market for Commodore & CIE’s luxury Austria 37% London segments • Average order values m
Slide 9: Financial position
Financial position Cash flow Q3 2021 Q3 2022 Cash flow from operating activities 347 -131 • Cash flow from operating activities impacted by Operating cash flow 123 -530 operating profit and timing effects in working Of w. operating profit 228 78 capital from Q2 Of w. change in working capital -72 -4
Slide 10: Going forward
Going forward • Continued price increases and drive towards higher average order values • Normalise productivity in Nordic supply chains • Keep momentum in the major strategic initiatives • Further measures to address cost • Capital Markets Day to be held in March, 2023 10
Slide 11: Slide 11