2014 in brief 2014 Annual Report 2014 IN BRIEF 2014 • Net sales amounted to SEK 12,392 million (11,773) • Organic growth was 0 per cent (0) • Operating profit excluding restructuring costs of SEK 433 million (36) amounted to SEK 845 million (690) • Loss after tax amounted to SEK 27 million (profit: 350) • Operating cash flow amounted to SEK 779 million (601) • The Board of Directors proposes a dividend of SEK 1.75 per share (1.00) 18 UK region 20 Central Europe region 22 A sustainable Nobia Board of Directors’ Report 28 Financial overview 33 Risks and risk management 36 Corporate Governance report 40 Board of Directors 42 Group management Financial statements 45 Consolidated income statement and consolidated statement of comprehensive income and comments 49 Consolidated balance sheet and comments 51 Change in consolidated shareholders’ equity 52 Consolidated cash-flow statement and comments 53 Parent Company income statement, balance sheet and cash-flow statement 55 Notes 84 Board of Directors’ assurance 85 Audit report Other information 86 The Nobia share and shareholders 88 Five-year overview 89 2015 Annual General Meeting 89 Definitions The year and operations 0 2014 in brief 2 This is Nobia 4 CEO’s comments 6 Financial targets 8 Strategy 10 Brands & innovation 12 European kitchen market 14 Business overview 16 Nordic region The Board of Directors and President of Nobia AB, Corporate Registration Number 556528-2752, hereby present the Annual Report and consolidated financial statements for the 2014 fiscal year. The kitchen on the front cover is Athena Vit and is sold through HTH.
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