Legal Proceedings Report • Aug 31, 2012
Legal Proceedings Report
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Nobia AB (publ) 31 August 2012
Nobia will initiate negotiations with employee representatives regarding:
As a consequence, Nobia's remaining operation in Stemwede would be focused on the Marlin bathroom furniture business.
The background to these initiatives is that the Stemwede site lacks sufficient competitiveness and Nobia's aim to better capitalise on the economies of scale of being a large Group by enhancing efficiency and moving towards larger, brand-independent production units.
Mikael Norman CFO Tel: +46 70 594 57 29 [email protected]
Lena Schattauer Head of Investor Relations Tel: +46 8 440 16 07, +46 70 595 51 00 [email protected]
Nobia develops and sells kitchens through some 20 strong brands in Europe, including Magnet in the UK, Hygena in France, HTH, Norema, Sigdal, Invita, Marbodal and Myresjökök in the Nordic countries, Petra, Parma and A la Carte in Finland, ewe and FM in Austria, Optifit in Germany and Poggenpohl globally. Nobia generates profitability by combining economies of scale with attractive kitchen offerings. The Group has approximately 7,400 employees and net sales of around SEK 13 billion. The Nobia share is listed on the NASDAQ OMX Nordic Exchange in Stockholm under the short name NOBI. Website: www.nobia.se.
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