old

Swedish kitchens conglomerate Nobia said its repositioned Magnet chain was the star performer for its British business in the second quarter.

 

The chain booked sales up double-digit in the three months to end June, with Nobia CEO Morten Falkenberg saying its performance confirmed "that the new brand proposition stands strong in the current environment."


Nobia's overall UK business continues to be impacted by the loss of its contract to supply kitchens to Homebase, the home improvement chain.


Sterling sales fell 6 percent with it also seeing volume weakness in its CIE/Commodore kitchen manufacturing and wholesale business.

In reporting currency, Nobia UK sales declined 1 percent to just under 1.5 billion Swedish kroner (£128.8m).


Related Stories

— Magnet owner buys Dutch kitchen maker for €60m

— Magnet claims share gain, but trade sales down because of Homebase