Nobia DB:NI8 Stock Report

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 4.1% growth forecast for the industry in Germany. 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 23% per year, which means it is performing significantly worse than earnings.

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 7.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year.

Nobia AB (publ) Approves Dividend for the Year 2021, Payable on 12 May 2022

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 German dividend payers (4.0%). Higher than average of industry peers (2.7%).

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.