Buy Or Sell Opportunity • Jun 23
Now 68% undervalued after recent price drop Over the last 90 days, the stock has fallen 91% to kr1.81. The fair value is estimated to be kr5.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Earnings per share has grown by 32%. New Risk • Jun 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr930.8m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (80% net debt to equity). Market cap is less than US$100m (kr930.8m market cap, or US$98.6m). 공시 • Jun 03
Nobia AB (Publ) Announces CEO Changes The Board of Directors of Nobia AB (publ) has appointed Jesper Gylling Olsen as the new CEO of Nobia, effective 3 June 2026. Kristoffer Ljungfelt is stepping down from the role of CEO by mutual agreement. Jesper Gylling Olsen is currently Executive Vice President at Nobia for HTH and has been employed by Nobia since 2019. Jesper Gylling Olsen succeeds Kristoffer Ljungfelt, who assumed the role of CEO having previously served as CFO and subsequently EVP for Nobia's UK region. Jesper Gylling Olsen is Executive Vice President for HTH, one of Nobia's strong brands, where he started working for the second time in 2019. During his time with Nobia, Jesper Gylling Olsen has been Head of International Brands (HTH and unoform), VP Director (HTH Kitchen), and Sales Director (HTH Kitchen). Before this, Jesper Gylling Olsen had more than 20 years' experience from companies in the same market segment, with leading positions at e.g. JKE Design and Multiform/Ballingslöv. Buy Or Sell Opportunity • Jun 03
Now 90% undervalued after recent price drop Over the last 90 days, the stock has fallen 93% to kr1.81. The fair value is estimated to be kr17.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 3.6% in a year. Earnings are forecast to grow by 94% in the next year. 공시 • Jun 03
Nobia AB (Publ) Appoints Jesper Gylling Olsen as President, Effective 3 June 2026 The Board of Directors of Nobia AB (publ) has appointed Jesper Gylling Olsen as the new President of Nobia, effective 3 June 2026. Jesper Gylling Olsen is currently Executive Vice President at Nobia for HTH and has been employed by Nobia since 2019. Jesper Gylling Olsen is Executive Vice President for HTH, one of Nobia's strong brands, where he started working for the second time in 2019. During his time with Nobia, Jesper Gylling Olsen has been Head of International Brands (HTH and unoform), VP Director (HTH Kitchen), and Sales Director (HTH Kitchen). Before this, Jesper Gylling Olsen had more than 20 years' experience from companies in the same market segment, with leading positions at e.g. JKE Design and Multiform/Ballingslöv. Buy Or Sell Opportunity • May 19
Now 88% undervalued after recent price drop Over the last 90 days, the stock has fallen 95% to kr1.81. The fair value is estimated to be kr15.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 3.6% in a year. Earnings are forecast to grow by 94% in the next year. Reported Earnings • May 01
First quarter 2026 earnings released: kr0.18 loss per share (vs kr0.18 loss in 1Q 2025) First quarter 2026 results: kr0.18 loss per share (improved from kr0.18 loss in 1Q 2025). Revenue: kr1.42b (down 42% from 1Q 2025). Net loss: kr72.0m (loss narrowed 42% from 1Q 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. 공시 • Apr 29
Nobia AB (publ) Approves Election to Its Board and Nomination Committee Nobia AB (publ) at its AGM held on 29 April 2026 approved and elected Katarina Lindström as a new member of the Board of Directors. Jimmy Renström was elected as Chairman of the Board of Directors. The Annual General Meeting appointed Peter Hofvenstam (representing Nordstjernan), Ricard Wennerklint (representing If Skadeförsäkring), Lovisa Runge (representing the Fourth Swedish National Pension Fund) and Erik Durhan (representing Lannebo Kapitalförvaltning), as members of the Nomination Committee for the period until the end of the 2027 Annual General Meeting. The Annual General Meeting appointed Peter Hofvenstam as Chairman of the Nomination Committee. 공시 • Mar 23
Nobia AB Announces Board Changes Nobia AB announced that the Tony Buffin and Carsten Rasmussen have declined re-election and will therefore step down from the Board. New Risk • Mar 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 125% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (125% increase in shares outstanding). 공시 • Mar 03
Alteri Partners LLP completed the acquisition of UK operations from Nobia AB (publ) (OM:NOBI). Alteri Partners LLP entered into an agreement to acquire UK operations from Nobia AB (publ) (OM:NOBI) on January 14, 2026. The transaction includes all Nobia UK legal entities including the brands Magnet, Gower, Commodore and CIE. At the time of closing, no purchase price will be due. As part of the share transaction, Alteri Partners LLP assumes, besides the net assets, the obligations related to the leased retail network amounting to a gross liability of SEK 746 million according to IFRS16. The transaction may result in a consideration related to Alteri Partners LLP's future performance and successful turnaround related to the UK operations. Nobia will retain the defined benefit pension plan reported in the UK which is recognized at a net asset value of SEK 80 million.
For the period ending September 30, 2025, UK operations of Nobia AB reported total revenue of SEK 4.36 billion and operating loss of SEK 108 million. The transaction is expected to be completed during the first half of 2026 and is subject to customary regulatory approvals and closing conditions.
Ashley Katz, James Renahan, Neil Caddy, Gregg Beechey, Roger Schofield, Tobias Caspary, Richard Pilgrim, James Frecknall, and Alexander Goldsmith of Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisors to Alteri Partners LLP. Handelsbanken acts as financial advisor to Nobia.
Alteri Partners LLP completed the acquisition of UK operations from Nobia AB (publ) (OM:NOBI) on March 2, 2026. New Risk • Feb 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Buy Or Sell Opportunity • Feb 10
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 6.1% to kr3.96. The fair value is estimated to be kr3.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has declined by 12%. Reported Earnings • Feb 06
Full year 2025 earnings released: kr0.94 loss per share (vs kr2.19 loss in FY 2024) Full year 2025 results: kr0.94 loss per share (improved from kr2.19 loss in FY 2024). Revenue: kr5.62b (down 47% from FY 2024). Net loss: kr636.0m (loss narrowed 47% from FY 2024). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. New Risk • Jan 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (128% net debt to equity). Share price has been volatile over the past 3 months (10% average weekly change). 공시 • Jan 14
Nobia AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 1.5 billion. Nobia AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 1.5 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Rights Offering 공시 • Dec 16
Nobia AB (publ), Annual General Meeting, Apr 29, 2026 Nobia AB (publ), Annual General Meeting, Apr 29, 2026. Location: stockholm Sweden Reported Earnings • Nov 05
Third quarter 2025 earnings released: kr2.85 loss per share (vs kr0.12 loss in 3Q 2024) Third quarter 2025 results: kr2.85 loss per share (further deteriorated from kr0.12 loss in 3Q 2024). Revenue: kr2.31b (down 6.9% from 3Q 2024). Net loss: kr1.91b (loss widened kr1.83b from 3Q 2024). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 44% per year and the company’s share price has also fallen by 44% per year. 공시 • Oct 28
Nobia Announces Executive Changes Nobia announced that Sophie Rose has been appointed Head of Region UK. She will succeed George Dymond, who is leaving Nobia at his own request. Sophie will play a key role in the ongoing transition of Nobia UK into an asset-light model. She joined Nobia in 2023 and has demonstrated strong leadership, driving positive change in the UK business. Sophie has been a key contributor to Nobia and the UK management team. She is well-suited to carry out the ongoing transformation and to continue developing the UK business. 공시 • Sep 04
Nobia Announces the Appointment of Robert Belkic as Interim CFO, Effective from October 1, 2025 Nobia announced the appointment of Robert Belkic as Interim CFO, effective from October 1st. He succeeds Henrik Skogsfors, who earlier this year announced his decision to leave the company. Henrik will remain available to support a smooth transition. Robert brings more than 20 years of senior leadership experience, including CFO roles and board assignments in international companies. He spent a decade as CFO at the global technology company Hexagon, and prior to that held senior finance positions at several large Swedish corporations. Robert will be part of Nobia's Executive Leadership Team and will be based at the company's headquarters in Stockholm. Reported Earnings • Jul 20
Second quarter 2025 earnings released: kr0.15 loss per share (vs kr0.31 loss in 2Q 2024) Second quarter 2025 results: kr0.15 loss per share (improved from kr0.31 loss in 2Q 2024). Revenue: kr2.70b (down 8.1% from 2Q 2024). Net loss: kr103.0m (loss narrowed 51% from 2Q 2024). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 47% per year, which means it has not declined as severely as earnings. 공시 • Jul 18
Nobia AB (publ) to Report Fiscal Year 2025 Results on Feb 05, 2026 Nobia AB (publ) announced that they will report fiscal year 2025 results on Feb 05, 2026 Board Change • Jul 09
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Chairman of the Board Tony Buffin was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 공시 • Apr 09
Nobia AB (publ) Relocates Finnish Production to Denmark Nobia AB (publ) has, following customary negotiations with the local union, decided to transfer the production of its Novart kitchen range for the Finnish market from Nastola, Finland, to Nobia’s manufacturing facility in Ølgod, Denmark, and consequently close the factory in Nastola. The transfer will involve a one-time cost of approximately €6 million, of which €1 million is non-cash, which will be recognized in Nobia’s second-quarter 2025 results. The transfer to Ølgod is expected to be completed during 2025 and generate annual efficiencies of approximately €4 million. Reported Earnings • Apr 07
Full year 2024 earnings released: kr2.19 loss per share (vs kr2.06 loss in FY 2023) Full year 2024 results: kr2.19 loss per share (further deteriorated from kr2.06 loss in FY 2023). Revenue: kr10.5b (down 21% from FY 2023). Net loss: kr1.20b (loss widened 244% from FY 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Board Change • Apr 07
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman of the Board Tony Buffin was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Mar 25
Nobia AB (Publ) Announces Resignation of Henrik Skogsfors as CFO Nobia AB (publ) announced that Henrik Skogsfors has announced his intention to resign from Nobia. Henrik will continue to serve as CFO until the interim report for the third quarter is released on November 4th, or until a successor is in place. 공시 • Mar 24
Nobia AB (Publ) Announces Board Declines Re-Election Nobia AB (publ) announced that Nora Larssen has declined re-election. Tony Buffin is proposed for re-election as Chair of the Board. Reported Earnings • Feb 04
Full year 2024 earnings released: kr2.46 loss per share (vs kr2.06 loss in FY 2023) Full year 2024 results: kr2.46 loss per share (further deteriorated from kr2.06 loss in FY 2023). Revenue: kr10.5b (down 21% from FY 2023). Net loss: kr1.20b (loss widened 244% from FY 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. New Risk • Dec 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.6% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (300% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). 공시 • Dec 14
Nobia AB (publ), Annual General Meeting, Apr 29, 2025 Nobia AB (publ), Annual General Meeting, Apr 29, 2025. 공시 • Nov 07
Nobia AB (publ) to Report Fiscal Year 2024 Results on Feb 04, 2025 Nobia AB (publ) announced that they will report fiscal year 2024 results on Feb 04, 2025 Reported Earnings • Nov 06
Third quarter 2024 earnings released: kr0.12 loss per share (vs kr0.24 profit in 3Q 2023) Third quarter 2024 results: kr0.12 loss per share (down from kr0.24 profit in 3Q 2023). Revenue: kr2.48b (down 20% from 3Q 2023). Net loss: kr83.0m (down 308% from profit in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 8.9% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. 공시 • May 15
Nobia AB (publ) Announces Nomination Committee Elections Nobia AB (publ) at the AGM held on 14 May 2024, appointed Peter Hofvenstam (representing Nordstjernan), Ricard Wennerklint (representing If Skadeförsäkring) and Lovisa Runge (representing the Fourth Swedish National Pension Fund), as members of the Nomination Committee for the period until the end of the 2025 Annual General Meeting. The Annual General Meeting appointed Peter Hofvenstam as Chairman of the Nomination Committee. 공시 • Apr 03
Nobia AB (Publ) Announces Closure of the Halifax Manufacturing Site Nobia AB (publ) has unveiled plans to further consolidate its manufacturing operations in the UK as part of its ongoing UK transformation strategy. The company will be relocating its current manufacturing facility in Halifax to the Darlington manufacturing site, with the building in Halifax set to be repurposed as a storage facility. The closure of the Halifax manufacturing site is expected to incur a total cost of approximately 4.7 MGBP, of which 2.2 MGBP is non-cash. The cost will be included in Nobia's second quarter results as items affecting comparability. Approximately 60 full-time equivalent employees in Halifax will be affected by the consolidation. Nobia is committed to supporting impacted team members and exploring alternative employment opportunities wherever feasible. Reported Earnings • Apr 03
Full year 2023 earnings released: kr2.06 loss per share (vs kr0.012 loss in FY 2022) Full year 2023 results: kr2.06 loss per share (further deteriorated from kr0.012 loss in FY 2022). Revenue: kr13.4b (down 10% from FY 2022). Net loss: kr347.0m (loss widened kr345.0m from FY 2022). Revenue is expected to decline by 3.9% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to grow by 5.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 22 percentage points per year, which is a significant difference in performance. New Risk • Mar 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr730.6m (US$68.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risk Market cap is less than US$100m (kr730.6m market cap, or US$68.8m). 공시 • Mar 27
Nobia AB Announces Jan Svensson and David Haydon Step Down from Board Nobia AB at its 2024 Annual General Meeting, announced Jan Svensson and David Haydon will step down from the Board. Recent Insider Transactions • Mar 09
Group Chief Financial Officer recently bought kr157k worth of stock On the 7th of March, Henrik Skogsfors bought around 22k shares on-market at roughly kr7.23 per share. This transaction increased Henrik's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Henrik's only on-market trade for the last 12 months. 공시 • Mar 08
Nobia AB (Publ) Announces Executive Changes Nobia AB (publ) announced that George Dymond has been appointed EVP and Head of Region UK. He will succeed Kristoffer Ljungfelt, who recently was appointed to assume the position as president and CEO of Nobia. George will become member of Nobia's Group management team, and assumes his new role latest by July 1, 2024. He joined Nobia in 2023 and has over two decades of experience from senior leadership roles in the retail industry across the UK, Australia, and the US. George has been instrumental in driving a positive change in the UK business and is a key contributor to the UK management team. He has a track record of successful turnarounds, great leadership abilities and is well equipped to continue to drive the transformation and further develop the UK business. 공시 • Feb 22
Nobia AB (publ) has filed a Follow-on Equity Offering. Nobia AB (publ) has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Transaction Features: Rights Offering New Risk • Feb 22
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Feb 22
Full year 2023 earnings released: kr2.07 loss per share (vs kr0.012 loss in FY 2022) Full year 2023 results: kr2.07 loss per share (further deteriorated from kr0.012 loss in FY 2022). Revenue: kr13.4b (down 10% from FY 2022). Net loss: kr347.0m (loss widened kr345.0m from FY 2022). Revenue is expected to decline by 3.9% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to grow by 3.4%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. New Risk • Feb 20
New major risk - Revenue and earnings growth Earnings have declined by 40% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 40% per year over the past 5 years. Minor Risks High level of debt (65% net debt to equity). Share price has been volatile over the past 3 months (11% average weekly change). 공시 • Feb 19
Industrieliegenschaftenverwaltung Aktiengesellschaft., Franz Mayr-Melnhof-Saurau and management of ewe entered into agreement to acquire ewe Küchen Gesellschaft m.b.H. for €26.5 million. Industrieliegenschaftenverwaltung Aktiengesellschaft., Franz Mayr-Melnhof-Saurau and management of ewe entered into agreement to acquire ewe Küchen Gesellschaft m.b.H. for €26.5 million on February 12, 2024. The consideration consists of €24 million in cash, €2.5 million in two earnout payments based on ewe’s performance in 2024 and 2025 and net of cash acquired of €2.4 million. The transaction is subject to customary regulatory approvals by authorities and closing procedures and is expected to be completed during March 2024. Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: kr0.24 (vs kr0.11 in 3Q 2022) Third quarter 2023 results: EPS: kr0.24 (up from kr0.11 in 3Q 2022). Revenue: kr3.10b (down 11% from 3Q 2022). Net income: kr40.0m (up 111% from 3Q 2022). Profit margin: 1.3% (up from 0.5% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to grow by 2.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 21 percentage points per year, which is a significant difference in performance. 공시 • Nov 03
Nobia AB (publ) to Report Fiscal Year 2023 Results on Feb 24, 2024 Nobia AB (publ) announced that they will report fiscal year 2023 results on Feb 24, 2024 Buying Opportunity • Sep 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 40%. The fair value is estimated to be kr9.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Meanwhile, the company became loss making. 공시 • Jul 23
Nobia AB (Publ) Appoints Henrik Skogsfors as Group Chief Financial Officer Nobia AB (publ) announced Henrik Skogsfors has been appointed Group Chief Financial Officer (CFO) as of July 20. Henrik has been serving as Acting CFO for the past half-year and Head of Group Business Control, Accounting and Treasury since 2019. Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: kr0.10 (vs kr0.10 in 2Q 2022) Second quarter 2023 results: EPS: kr0.10 (down from kr0.10 in 2Q 2022). Revenue: kr3.56b (down 8.4% from 2Q 2022). Net income: kr1.00m (down 94% from 2Q 2022). Profit margin: 0% (down from 0.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. New Risk • Jul 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (45% net debt to equity). Share price has been volatile over the past 3 months (7.2% average weekly change). Board Change • Apr 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Tony Buffin was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 09
Full year 2022 earnings released: kr0.012 loss per share (vs kr4.19 profit in FY 2021) Full year 2022 results: kr0.012 loss per share (down from kr4.19 profit in FY 2021). Revenue: kr14.9b (up 8.8% from FY 2021). Net loss: kr2.00m (down 100% from profit in FY 2021). Profit margin: 0% (down from 5.1% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 1.6% decline forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 24% per year. Reported Earnings • Feb 10
Full year 2022 earnings released: kr0.01 loss per share (vs kr4.19 profit in FY 2021) Full year 2022 results: kr0.01 loss per share (down from kr4.19 profit in FY 2021). Revenue: kr14.9b (up 8.8% from FY 2021). Net loss: kr2.00m (down 100% from profit in FY 2021). Profit margin: 0% (down from 5.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 1.0% p.a. on average during the next 3 years compared to a 1.2% decline forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorated over the past week After last week's 21% share price decline to kr18.57, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 20% share price gain to kr21.76, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 64% over the past three years. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: kr0.11 (vs kr1.01 in 3Q 2021) Third quarter 2022 results: EPS: kr0.11 (down from kr1.01 in 3Q 2021). Revenue: kr3.48b (up 8.2% from 3Q 2021). Net income: kr19.0m (down 89% from 3Q 2021). Profit margin: 0.5% (down from 5.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr17.25, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr21.40, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 58% over the past three years. Reported Earnings • Jul 19
Second quarter 2022 earnings released: EPS: kr0.10 (vs kr1.53 in 2Q 2021) Second quarter 2022 results: EPS: kr0.10 (down from kr1.53 in 2Q 2021). Revenue: kr3.89b (up 7.4% from 2Q 2021). Net income: kr17.0m (down 93% from 2Q 2021). Profit margin: 0.4% (down from 7.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.1%, compared to a 12% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Jun 24
Insider recently bought kr198k worth of stock On the 16th of June, Philip Skold bought around 7k shares on-market at roughly kr30.23 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr2.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 12
Insider recently bought kr155k worth of stock On the 6th of May, Philip Skold bought around 5k shares on-market at roughly kr31.07 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr207k. Insiders have collectively bought kr2.0m more in shares than they have sold in the last 12 months. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: kr0.76 (vs kr0.78 in 1Q 2021) First quarter 2022 results: EPS: kr0.76 (down from kr0.78 in 1Q 2021). Revenue: kr3.78b (up 12% from 1Q 2021). Net income: kr128.0m (down 3.0% from 1Q 2021). Profit margin: 3.4% (down from 3.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.9%, compared to a 10% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Apr 29
Upcoming dividend of kr2.50 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 12 May 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 6.4%. Within top quartile of British dividend payers (4.6%). Lower than average of industry peers (7.3%). Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 2 highly experienced directors. Employee Representative Director Per Bergstrom is the most experienced director on the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 15
Full year 2021 earnings released: EPS: kr4.19 (vs kr1.50 in FY 2020) Full year 2021 results: EPS: kr4.19 (up from kr1.50 in FY 2020). Revenue: kr13.7b (up 7.7% from FY 2020). Net income: kr706.0m (up 179% from FY 2020). Profit margin: 5.1% (up from 2.0% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.2%, compared to a 10% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year. Recent Insider Transactions • Nov 17
Independent Director recently bought kr554k worth of stock On the 15th of November, Jan Svensson bought around 10k shares on-market at roughly kr55.35 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr131k more in shares than they bought in the last 12 months. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS kr1.01 (vs kr0.78 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr3.22b (up 3.5% from 3Q 2020). Net income: kr170.0m (up 29% from 3Q 2020). Profit margin: 5.3% (up from 4.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Aug 20
Insider recently sold kr684k worth of stock On the 16th of August, Dan Josefsberg sold around 10k shares on-market at roughly kr72.01 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jul 20
Second quarter 2021 earnings released: EPS kr1.53 (vs kr0.33 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr3.62b (up 32% from 2Q 2020). Net income: kr258.0m (up kr314.0m from 2Q 2020). Profit margin: 7.1% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS kr0.78 (vs kr0.52 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr3.37b (down 2.1% from 1Q 2020). Net income: kr132.0m (up 50% from 1Q 2020). Profit margin: 3.9% (up from 2.6% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 24
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 30 April 2021. Payment date: 06 May 2021. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (3.4%). Reported Earnings • Apr 09
Full year 2020 earnings released: EPS kr1.50 (vs kr4.80 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr12.7b (down 8.5% from FY 2019). Net income: kr253.0m (down 69% from FY 2019). Profit margin: 2.0% (down from 5.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Feb 06
Full year 2020 earnings released: EPS kr1.50 (vs kr4.80 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr12.7b (down 8.5% from FY 2019). Net income: kr253.0m (down 69% from FY 2019). Profit margin: 2.0% (down from 5.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 06
Revenue beats expectations Revenue exceeded analyst estimates by 0.008%. Over the next year, revenue is forecast to grow 6.3%, compared to a 19% growth forecast for the Consumer Durables industry in the United Kingdom. Is New 90 Day High Low • Jan 14
New 90-day high: kr67.28 The company is up 13% from its price of kr59.80 on 16 October 2020. The British market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr39.32 per share. Is New 90 Day High Low • Dec 29
New 90-day high: kr66.30 The company is up 10.0% from its price of kr60.35 on 30 September 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr33.65 per share. Is New 90 Day High Low • Dec 10
New 90-day high: kr62.10 The company is up 4.0% from its price of kr59.60 on 11 September 2020. The British market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr26.82 per share. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS kr0.78 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: kr3.11b (down 4.9% from 3Q 2019). Net income: kr132.0m (down 29% from 3Q 2019). Profit margin: 4.3% (down from 5.7% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 3.8%, compared to a 10% growth forecast for the Consumer Durables industry in the United Kingdom. 
