Actic Group

Board/Management Information • Aug 17, 2017

Press release

2017-08-17

Actic recruits Ewa Buhre Gidlöf as new CFO

Actic Group recruits Ewa Buhre Gidlöf as new CFO after Gustav Vadenbring, who has decided to leave after five years. Ewa joins Actic from TUI Nordic, the largest tour operator in the Nordic region, where she served as CFO the past six years and has been part of the Group Management.

"We are very pleased that, after a wide process, recruit Ewa Buhre Gidlöf to Actic. With her deep expertise in finance as well as international work experience and experience in driving efficiency and digital change, she becomes an important part of Actic's continued development", says Christer Zaar, President and CEO of Actic Group.

Ewa Buhre Gidlöf will be part of Actics Group Management and will take up her new position in September 2017.

For further information, please contact:

Christer Zaar, VD Actic, christer.zaar@actic.se, +46 70 893 33 22 Niklas Alm, Investor Relations, niklas.alm@actic.se, +46 70 824 40 88

Actic Group shares are listed on Nasdaq Stockholm, where Actic Group is a Small Cap company with the ticker code ATIC.

The information above is such that Actic Group AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 07:45 CET on 17 August 2017.

About Actic

Actic (formerly Nautilus Gym) was founded in 1981 and launched the Gym & Swim club concept. The company began its international expansion in 1995 and as per 30 June 2017, Actic had 170 facilities and over 215,000 members in five countries. Actic's main markets are Sweden, Norway as well as Germany. Actic offers a well-established exercise method known as high-intensity training (HIT) and offers its members personal training programmes including follow-up sessions with trained instructors. Together with swimming, this forms the core of Actic's offering and differentiates us in the market.

Actic's vision is to create a healthier society by attracting a broad target group and thereby expanding the market. The facilities engage in the local community to contribute to a healthier society. Actic, which has its head office in Solna, Stockholm, has approximately 700 full-time equivalent employees and had net sales of SEK 802 million in 2016. Actic is led by its President and CEO Christer Zaar.