Business
NOBI: Gross margin and EBIT improved despite lower sales, driven by retail gains and cost actions
NOBI: Gross margin and EBIT improved despite lower sales, driven by retail gains and cost actions
About this update from Nobia Ab
Net sales declined year-over-year amid a weak project market, but gross margin and EBIT improved due to retail gains and cost measures. Balance sheet strengthened through rights issue and asset sales, with continued focus on efficiency and debt reduction.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.