Q1 2026 Nobia AB Earnings Call Transcript
Key Points
- Nobia AB (LTS:0GW0) achieved organic growth of 2% in Q1 2026, marking the third consecutive quarter of organic growth.
- The company completed the divestment of its UK operations, reducing debt liabilities by SEK750 million.
- Nobia AB successfully carried out a share rights issue, raising SEK1.5 billion with strong shareholder support.
- The company signed a new loan facility with improved terms, enhancing its financial profile.
- Nobia AB reported an improved adjusted gross margin, supported by a better product mix and lower manufacturing costs.
- Market conditions remain challenging with historically low demand levels and flat volumes year-over-year.
- The reported gross margin was temporarily affected by ramp-up costs at the new Nobia Park facility.
- The B2C market experienced a slight decline during the quarter, particularly in Finland and Norway.
- The transition to Nobia Park involves double staffing costs, impacting short-term financial performance.
- The company faces continued volatility in the Nordic kitchen market, with uncertain signs of recovery.
Good day, and thank you for standing by. Welcome to the Nobia Q1 Report 2026 conference call.
(Operator Instructions).
I would now like to hand the conference over to your speakers today, Kristoffer Ljungfelt, CEO; and Robert Belkic, CFO.
Go ahead.
Thank you very much, and good morning, everyone, and welcome to Novia's Q1 update. Let's take the first slide, please.
Q1 has been a really defining quarter for Nobia as we reached several key milestones that strengthened the company and set a clear direction going forward as the number one kitchen powerhouse of the Nordics.
In the quarter, we completed the divestment of our UK operations and carried out the share rights issue with strong support from our shareholders and main owners.
In addition, we also put our cost saving program into action with benefits expected to start coming in through from Q3, and we signed a new loan facility with our lenders and long-term partners.
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