Nobia plans to cut SEK 150m in annual costs by Q4 2027 through a simplified Nordic operating model, including office closures in Shanghai and Vilnius and group-wide workforce reductions.
Nobia will cut annual costs by SEK 150m on a run-rate basis from Q4 2027 through workforce reductions, a simplified Nordic organisation and the closure of its Shanghai sourcing office and Vilnius shared service centre. Against net sales of about SEK 5.6 billion that is a meaningful margin boost for a company that has just divested its UK operations. The offset is that the savings only land from Q4 2027 and the one-off restructuring cost is not disclosed.
The company expects annual run-rate cost savings of SEK 150m, effective from the fourth quarter of 2027.
Further details will be communicated with the third quarter results on 4 November.
Nobia AB is launching a major restructuring program to streamline its Nordic operations, aiming for SEK 150 million in annual run-rate cost savings by the fourth quarter of 2027. The initiative includes workforce reductions, the closure of its Shanghai sourcing office and Vilnius shared service center, and a corporate headquarters relocation.
The company expects annual run-rate cost savings of SEK 150m, effective from the fourth quarter of 2027.
Further details will be communicated with the third quarter results on 4 November.