SWEDEN - Net sales of the Nobia Group, one of the largest kitchen companies in Europe, increased by 8 percent to SEK 13.7 billion ( EUR 1.3 billion) in 2021.

Organic growth was 9 percent, with gains in all regions, partly due to lower comparables from the coronavirus lockdown-affected prior year. The gross margin climbed to 38.5 percent and the operating margin to 7.4 percent.

This was accompanied by higher order values ​​and quantities, which were, however, offset by rising raw material costs and exchange rate fluctuations. The large investments flowed mainly into the new high-tech factory in Jönköping, Sweden.

Looking at the individual regions, Scandinavia achieved SEK 7.3 billion (EUR 710 million), UK SEK 4.9 billion (EUR 470 million) and Central Europe SEK 1.3 billion (EUR 130 million).

The Central European markets were affected by further coronavirus restrictions, but still improved their sales by twelve percent. Scandinavia also did very well with growth of 10 percent.

Great Britain, with organic growth of 6 percent, was characterized in particular by a volatile project market.