Nobia AB (FRA:NI8)
€ 0.3144 0.015 (5.01%) Market Cap: 235.91 Mil Enterprise Value: 654.39 Mil PE Ratio: 0 PB Ratio: 0.53 GF Score: 56/100
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Q3 2024 Nobia AB Earnings Call Transcript

Nov 05, 2024 / 09:00AM GMT
Release Date Price: €0.3906 (-0.31%)
Operator

Thank you. and welcome everyone and thank you. For calling into this presentation of Nobia ABthird quarter results. The presentation today will be done by our CEO Mr Kristoffer Ljungfelt and our CFO Mr Henrik Skogsfors and with those words, please, Kristoffer I hand it to you.

Kristoffer Ljungfelt Ljungfelt
Nobia AB - President & CEO

Thank you to the US. Good morning, everybody. And welcome to this quarterly update where we start with a summary of quarter three which was a mixed quarter for us. Here we go. On the one hand, we are confident enough to say that the consumer market has started to grow again in our most important market and especially so in Denmark, this has resulted in growing number of design appointments and more activity in general in the store network. Albeit this is still from a historical low point. On the other hand, we have had continuously large headwind in the project market where the lack of housing completion is impacting volumes, which in turn is leading to some under absorption in our business giving our dependency on the new

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