New accounting principle 2008



As previously announced in the 2007 Year-end Report, Nobia will
change its accounting principle for conditional discounts. Effective
1 January 2008, conditional discounts will, in accordance with IAS
18:10, be reported as reduced sales. Conditional discounts were
previously reported as cost of goods sold. Operating profit will not
be affected by this change.

The restated effects on net sales and the operating margin for each
region and the Group for 2007 are described below.

Please see tables in attachment .



Nobia AB
4 April 2008

For further information, contact either of the following:

  * Jan Johansson, CFO
  * Ingrid Yllmark, IRO


Telephone +46 8 440 16 00 or +46 708 65 59 00

Nobia is the leading kitchen company in Europe with operations in
some ten countries. The Group manufactures and sells complete kitchen
solutions through many strong local and international brands,
including Magnet in the UK, HTH in the Nordic region, Hygena in
France and Poggenpohl internationally. Sales are generated through
specialised kitchen studios, retailers and direct to corporate
customers. Nobia creates profitable and sustainable growth by
enhancing efficiency and making acquisitions. Nobia has about 8,500
employees and annual net sales of approximately SEK 16 billion. The
Nobia share is listed on the OMX Nordic Exchange Stockholm AB under
the shortname NOBI, in the Large Cap segment and the Consumer
Discretionary sector. Nobia is included in the OMX Stockholm
Benchmark Index. More information is available at www.nobia.com.

Attachments

Press release PDF