SWEDEN – The Nobia Group, one of the main global kitchen furniture manufacturers, reported sales of SEK 3,251 billion, an improvement of more than 20% compared to the same period last year.

In the same line, profitability also had a noticeable improvement. EBIT reached SEK 211 billion, 35.3% above the SEK 156 billion of 1Q-2014.

“Nobia’s organic sales growth was 5 per cent for the first quarter. Net sales also increased as a result of favourable currency effects and the acquisition of Rixonway. Our two largest regions, Nordic and the UK, reported both healthy organic growth and improved profitability. Operating profit rose 35 per cent year-on-year. New websites are being launched for our brands this spring, and new, innovative kitchen solutions are being marketed in our stores. In 2015, we will open new stores,” said Morten Falkenberg, President and CEO.

Nobia Results January – March

SEK million