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Strong Q4 brings ‘better than anticipated’ year for Nobia

A strong fourth quarter for Nobia has resulted in full-year results that president and CEO Jon Sintorn described as “better than I would have anticipated back in April”.

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Magnet jobs under threat as sales plummet by more than half

Magnet owner Nobia has revealed its second quarter profits and sales have been slashed by the coronavirus lockdown. President and CEO Jon…

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Nobia temporarily lays off 3,000 staff and closes UK stores network as Covid-19 hits sales

Swedish kitchen maker Nobia has announced that it is to temporarily lay off 3,000 staff – 2,300 of those at its UK Magnet store network.

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Falkenberg steps down as CEO of Nobia

Nobia, which owns Magnet in the UK, has announced that Morten Falkenberg will step down from his post as chief executive after nine years.

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Double-digit sales growth for Magnet Retail in Q2

Swedish kitchen firm Nobia, which owns the UK Magnet chain, has said it will buy Dutch kitchen supplier Bribus Holding for €60 million (£53.7m) on a cash and debt-free basis.

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Weak sales for Nobia in the UK

Nobia saw weakened UK sales in the fourth quarter of 2017 due to the phasing out of its Homebase business.

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Nobia profits hit by currency losses

Nobia saw an increase in sales in the second quarter of 2017, but saw profit dip due to currency losses.

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Sales boost for Nobia in final quarter

Swedish kitchen giant Nobia saw a slight increase in net sales in the fourth quarter of 2016, but took a hit from lower exchange rates.

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Nobia sells Poggenpohl to Adcuram

Nobia has agreed to sell all of its shares in Poggenpohl to Munich-based industrial holding group Adcuram.

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Nobia sees slowdown in UK market

Nobia has reported a slowdown in profit in the UK for the third quarter of 2016, mainly driven by currency losses.

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Strong first half for Nobia

Swedish kitchen specialist Nobia reported good growth in all regions in its interim financial report for the first half of 2016.

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‘We were let down badly by Poggenpohl US,’ admits Nobia

Nobia has revealed that it felt ‘let down’ by the Poggenpohl US accounting error earlier this year.

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Nobia sales and profits up in Q1

Nobia has reported a growth in profits in the first quarter of 2016.

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Nobia sales up 10% in Q4

Nobia has reported a 10% increase in sales to SKr3.3 billion (£269 million) in Q4 2015.

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Poggenpohl ‘accounting errors’ dent Nobia profits

Nobia first-quarter profits have been hit with a one-off cost due to “incorrect accounting” at Poggenpohl.

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Strong Q4 brings ‘better than anticipated’ year for Nobia

Magnet jobs under threat as sales plummet by more than half

Nobia temporarily lays off 3,000 staff and closes UK stores network as Covid-19 hits sales

Falkenberg steps down as CEO of Nobia

Double-digit sales growth for Magnet Retail in Q2

Weak sales for Nobia in the UK

Nobia profits hit by currency losses

Sales boost for Nobia in final quarter

Nobia sells Poggenpohl to Adcuram

Nobia sees slowdown in UK market

Strong first half for Nobia

‘We were let down badly by Poggenpohl US,’ admits Nobia

Nobia sales and profits up in Q1

Nobia sales up 10% in Q4

Poggenpohl ‘accounting errors’ dent Nobia profits

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Latest Articles

Most Read

Magnet’s new approach to showroom design

Optiplan Kitchens calls in administrators

Omega aims for growth in contracts market￼

Haier invests €40m in new dishwasher plant

Omega aims for growth in contracts market