Report
EUR 12.80 For Business Accounts Only

Increased risk weighs on NOBIA, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of NOBIA (SE), active in the Furnishings industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date November 30, 2021, the closing price was SEK 49.68 and its target price was estimated at SEK 47.20.
Underlying
Nobia AB

Nobia is a kitchen company based in Sweden which maintains operations in ten countries. Co. is engaged in the development, manufacture and distribution of interior solutions for kitchens, bathrooms and storage. Co. manufactures and sells complete kitchen solutions through many strong local and international brands, including Magnet in the United Kingdom, HTH in the Nordic region, Hygena in France and Poggenpohl internationally. Sales are generated through specialized kitchen studios, retailers and direct to corporate customers. Co. maintains a portfolio of approximately 19 strong brands sold mainly in Europe, but also worldwide.

Provider
TheScreener
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