Nobia AB (publ) (NOBI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Nobia Q1 Report 2026 conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1, 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1, 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speakers today, Christopher Lundfeldt, CEO, and Robert Belvic, CFO. Please go ahead. Thank you very much, and good morning, everyone, and welcome to Novia's Q1 update. Let's take the first slide, please. Q1 has been a really defining quarter for Nobia as we reached several key milestones that strengthened the company and set a clear direction going forward as the number one kitchen powerhouse of the Nordics. During the quarter, we completed the divestment of our UK operations and carried out the share rights issue with strong support from our shareholders and main owners. In addition, we also put our cost saving program into action with benefits expected to start coming in through from Q3. and we signed a new loan facility with our lenders and long-term partners. These achievements required a great deal of effort, and on behalf of the company, I would like to sincerely thank our employees, our shareholders, our main owners for their support in the rights issue, and our lenders for their continued trust and long-term commitment. Performance for the quarter was largely in line with expectations against the backdrop of continued soft market conditions. Demand remained at historically low levels, with volumes broadly fla...