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Nobia AB ( (SE:NOBI) ) has shared an update.
Nobia AB has announced a SEK 1.9 billion non-cash impairment of its UK operations, primarily affecting intangible assets, due to prolonged weak market conditions and slow financial recovery. Despite these challenges, the company reported an improved adjusted operating profit for the third quarter, with net sales slightly declining. The strategic shift towards an asset-light model continues, with further reviews of the UK business underway, indicating ongoing efforts to stabilize and enhance its market position.
The most recent analyst rating on (SE:NOBI) stock is a Hold with a SEK4.50 price target. To see the full list of analyst forecasts on Nobia AB stock, see the SE:NOBI Stock Forecast page.
More about Nobia AB
Nobia AB operates in the kitchen industry, focusing on designing, manufacturing, and selling kitchen solutions. The company primarily serves markets in the Nordic region and the UK, offering a range of kitchen products and services.
Average Trading Volume: 956,244
Technical Sentiment Signal: Sell
Current Market Cap: SEK3.07B
For detailed information about NOBI stock, go to TipRanks’ Stock Analysis page.