Nobia AbOMXSTO: NOBI

NOBI: Improved margins and cash flow offset sales decline; SEK 1.9bn U.K. impairment recorded

· Issued by Nobia AB

Operating performance and cash flow improved despite a 3% organic sales decline, with gross margin up to 38.6% and significant cost savings realized. SEK 1.9 billion non-cash impairment was recorded for U.K. operations, and strategic reviews continue amid soft market conditions.

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