Q4 English 100212

Year-end Report
Q4 | 2009
Fourth quarter net sales and operating profit
Net sales amounted to SEK 3,782 million (3,989) for the fourth quarter. Organic growth was negative
4 per cent. Operating profit for the period rose SEK 140 million (107), which is primarily attributable to
the positive earnings trend in the UK. Operating profit excluding structural expenses was SEK 166 million
(125), with an operating margin of 4.4 per cent (3.1).
Price increases partly offset the decline in volume during the
quarter. Operating profit for the period was also strengthened
by lower indirect costs as a result of the structural
measures implemented during the past year. Structural
expenses for the fourth quarter totalled SEK 26 million (18)
and the currency effect was negative in the amount of
SEK 25 million (neg: 45).
Changes to pension conditions in the UK company
Magnet from defined-benefit to defined-contribution plans
Net sales and profit/loss per region (operating segment)
UK
Oct–Dec
SEK m
Net sales from external
customers
Net sales from other regions
Total net sales
Operating profit/loss excluding
structural expenses
Operating margin excluding
structural expenses, %
Operating profit/loss including
structural expenses
Operating margin, %
2009
1,399
–
1,399
114
8.1
114
8.1
2008
1,250
–
1,250
–30
–2.4
–30
–2.4
2009
1,302
–
1,302
64
4.9
56
4.3
for new earnings from 2010 and onwards, improved operating
profit for the period by SEK 42 million.
Continued restraint regarding investments boosted the
operating cash flow for the period to SEK 89 million (66).
At the end of the period, Nobia had a total of 704 kitchen
studios (694), comprising 498 Group-owned stores and 206
franchise stores. In addition, Culinoma has 87 kitchen stores
in Germany (88).
Nordic
Oct–Dec
2008
1,476
–
1,476
46
3.1
38
2.6
Continental
Europe
Oct–Dec
2009
1,081
1
1,082
13
1.2
–5
–0.5
2008
1,263
27
1,290
126
9.8
116
9.0
Other and Group
adjustments
Oct–Dec
2009
–
–1
–1
–25
–
–25
–
2008
–
–27
–27
–17
–
–17
–
2009
3,782
–
3,782
166
4.4
140
3.7
Group
Oct–Dec
2008
3,989
–
3,989
125
3.1
107
2.7
Change,
%
–5
–
–5
33
–
31
–
Analysis of net sales
2008
Organic growth
– of which UK region1)
– of which Nordic region1)
– of which Continental Europe region1)
Currency effect and other
Acquired units2)
2009
Oct–Dec
% SEK m
3,989
–4
19
–17
–16
–1
0
–5
–168
239
–220
–210
–51
12
3,782
1) Organic growth for each region.
2) Acquired units refers to the stores HTH took over in Denmark.
Magnet in the UK, HTH in the Nordic countries, Hygena in France and
Poggenpohl globally are some of the kitchen brands in the Nobia
Group. Nobia develops and sells complete kitchen solutions and
generates value by utilising economies of scale.
The Group has approximately 8,000 employees and net sales of about
SEK 15 billion. The Nobia share is listed on NASDAQ OMX Nordic
Exchange in Stockholm under the short name NOBI. Website:
www nobia.com. Read more about the company under “About
Nobia.” Financial information can be found under “Investors.”
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