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The latest announcement is out from Nobia AB ( (SE:NOBI) ).
Nobia’s board has approved a fully guaranteed rights issue of approximately SEK 1.5 billion and secured a commitment to amend and extend its SEK 3.45 billion revolving credit facilities, strengthening the group’s balance sheet and long‑term liquidity. The move, backed by major shareholders Nordstjernan, If Skadeförsäkring and AP4, is intended to provide the financial flexibility to execute Nobia’s strategy of focusing on its core Nordic markets, underpinned by its automated Jönköping factory, and follows an agreement to divest its UK operations, underscoring a strategic shift toward consolidating its position as the leading kitchen specialist in the region.
The most recent analyst rating on (SE:NOBI) stock is a Hold with a SEK5.00 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 is a leading European kitchen specialist that develops, manufactures and sells kitchen solutions through brands such as Magnet in the UK, HTH, Norema, Sigdal, Invita, Superfront and Marbodal in Scandinavia, and Novart in Finland. The company serves both consumer and professional customers, leverages economies of scale to support profitability, employs around 4,000 people, generates annual net sales of about SEK 11 billion, and is listed on Nasdaq Stockholm under the ticker NOBI.
Average Trading Volume: 1,329,172
Technical Sentiment Signal: Hold
Current Market Cap: SEK3.32B
For a thorough assessment of NOBI stock, go to TipRanks’ Stock Analysis page.