NORDIC BUSINESS REPORT-May 26, 2011--Swedish Nobia outlines profit-boosting measures(C)2011 M2 COMMUNICATIONS http://www.m2.com
These initiatives, which are expected to improve the margin by 6-8 percentage points, will entail one-off costs of SEK600m-800m until 2014, the company said today.In the last 12 months, the company has managed to boost its operating margin to 4.4% from 1.1%.26 May 2011 - Swedish kitchen and bathroom furniture group Nobia AB (STO: NOBI) has started or planned measures to improve its run-rate operating profit by between SEK1bn and SEK1.3bn in a bid to achieve its 10% operating margin target by 2014.((Comments on this story may be sent to info@m2.com))"We intend to much more strongly capitalise on internal and consumer opportunities by driving efficiency and growth initiatives in parallel. These initiatives span across the entire value chain," Nobia's CEO, Morten Falkenberg, said.
((Comments on this story may be sent to info@m2.com))
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