Annual Report 2016 Nobia develops and sells kitchen solutions through 16 strong brands in Europe, including Magnet in the UK, HTH, Marbodal, Sigdal, Norema, Petra and A la Carte in the Nordic region, and ewe, Intuo and FM in Austria. Nobia creates profitability by selling attractive kitchen solutions and capitalising on economies of scale throughout the entire value chain. The Group has approximately 6,000 employees and net sales of about SEK 13 billion. Norema Kvadrat Contents Nobia 2016 1 2016 in figures 3 This is Nobia 4 CEO’s comments 6 Financial targets 8 Strategy 10 HTH GO 12 Market Operations 14 Business overview 16 Nordic region 18 UK region 20 Central Europe region Sustainability 22 A more sustainable life in the kitchen 24 Care of employees 26 Reduced climate impact and sustainable use of resources 28 Product responsibility and responsible sourcing Financial statements 32 Financial overview 37 Risks and risk management 42 Consolidated income statement, consolidated statement of comprehensive income and comments 46 Consolidated balance sheet and comments 48 Change in consolidated shareholders’ equity 49 Consolidated cash-flow statement and comments 50 Parent Company income statement, balance sheet and cash-flow statement 52 Notes 80 Reconciliation of alternative performance measures 82 Board of Directors’ assurance 83 Audit report Corporate governance and the Nobia share 86 Corporate Governance Report 92 Board of Directors 94 Group management 96 The Nobia share and shareholders 98 Five-year overview 99 Definitions – Key figures 101 Annual General Meeting 2017 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 2016 fiscal year. The audited Annual Report, signed by the Board of Directors and reviewed by the auditors, can be found on pages 32–91. The kitchen on the front cover is Malevik mörk and is sold through Marbodal.
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