Nobia AB (FRA:NI8)
€ 0.2994 0.0078 (2.67%) Market Cap: 233.06 Mil Enterprise Value: 650.59 Mil PE Ratio: 0 PB Ratio: 0.53 GF Score: 63/100

Q1 2019 Nobia AB Earnings Call Transcript

May 02, 2019 / 01:00PM GMT
Release Date Price: €2.46
Morten Falkenberg;publ;President
Nobia AB;CEO

()- -

Welcome to Nobia's Q1 Report 2019. I'm Morten Falkenberg, and I'm here with CFO Kristoffer Ljungfelt.

If we go straight to the report. First of all, the net sales was up driven very much by the inclusion of Bribus and also currency. Organic growth was minus 1, but if we take into account the transfer of volume from -- or to Norema in Norway, it's slightly positive. Group gross margin, down but very much affected by direct material. And finally, if you look at the operating cash flow, it's still a very strong quarter, but it's also artificially high due to the IFRS 16.

If we move on to the next slide. As you might have seen today, we had a press release that I will be stepping down after 9 years and handing over the baton to Jon Sintorn, and I just have to say that it -- for me, it has been a fantastic journey. And the good news for Nobia is that the journey has only started, and I'm really pleased to welcome Jon to the company. The idea is that I will continue to be in charge until the 1st of

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot