Nobia AB (OTCPK:NBIAY)

$ 2.25 0 (0%) Market Cap: 302.85 Mil Enterprise Value: 744.87 Mil PE Ratio: 0 PB Ratio: 0.52 GF Score: 56/100

Q1 2024 Nobia AB Earnings Call Transcript

May 14, 2024 / 08:00AM GMT

Release Date Price: $2.4

Transcript

Tobias Norrby

Nobia AB - Head of Investor Relations

Good morning, everyone, and thank you for calling into this Q1 results presentation. The presentation today will be conducted by our new President and CEO, Mr. Kristoffer Ljungfelt and then our CFO, Mr. Hendricks Skogsfors will dig into all of the financial details. With that, I hand the word over to you, Kristoffer.

Kristoffer Ljungfelt

Nobia AB - President & Chief Executive Officer

Thank you, (inaudible) and good morning, everybody, welcome to this quarterly update. I am Kristoffer Ljungfelt, CEO since May 1, some of you might know, (inaudible) CFO back from 2016 to 2022 and now I'm back here again having a chance to talk (inaudible) , and it's great to be back in this fantastic company. (technical difficulty) start with the financial update for Q1, our sales dropped considerably in the quarter.

However, it was very much in line with our expectations and earlier communications. Organic sales of minus 20%, whereas UK was minus 14% and the Nordics was minus 25%. Top line was heavily burdened by

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