Swedish kitchen manufacturer Nobia reported a 5% drop in net sales for Q2 2025, generating EUR 241.74 million (SEK 2.695 billion). Despite the decline, adjusted operating profit rose to EUR 6.09 million (SEK 68 million), although the group still posted an operating loss of EUR 1.07 million (SEK 12 million).
© Nobia
Kristoffer Ljungfelt, President & CEO of Nobia.
Sales fell by 3% in the Nordic region and 7% in the UK, although UK like-for-like sales held steady. The consumer segment performed well, supported by double-digit growth in store visits and kitchen planning orders. In contrast, the project segment remained under pressure due to low residential activity, particularly in the UK.
Nobia's adjusted gross margin slipped to 38.8% from 39.4%, impacted by underutilisation in both key regions and additional depreciation costs of EUR 1.79 million (SEK 20 million) in Scandinavia. However, this was partially offset by higher average order values and a favourable product mix.
President and CEO Kristoffer Ljungfelt stated: 'Despite the ongoing weak market conditions, we are continuing to increase our profitability,' adding that the company's strategic shift towards the consumer market and cost-saving initiatives are producing "above-plan savings".
Source: www.moebelmarkt.de
