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2016-05-11

Nobia AB: Nobia seeks minority partner for Poggenpohl

Nobia is initiating a process to find a partner in global luxury
products that can contribute to the development of German kitchen
company Poggenpohl.

Nobia is considering to enter into a strategic partnership for the
development, production and sale of kitchens from the international
luxury brand Poggenpohl, and to offer a potential partner the
opportunity to acquire a minority share in Poggenpohl.

"Poggenpohl is a fantastic kitchen brand featuring world-class design
and manufacturing quality. The company generates sales of
approximately SEK 1 billion, with a positive sales and profitability
trend. We are now exploring the possibility of entering into a
strategic partnership to accelerate the growth of Poggenpohl," says
Morten Falkenberg, President and CEO of Nobia.

For further information:
Mikael Norman, CFO
Tel: +46 (0)8 440 16 09, +46 (0)705 94 57 29
mikael.norman@nobia.com
Lena Schattauer, Head of Communication and Investor Relations
Tel: +46 (0)8 440 16 07, +46 (0)705 94 51 00
lena.schattauer@nobia.com
Nobia develops and sells kitchen solutions through some twenty strong
brands in Europe, including Magnet in the UK; HTH, Norema, Sigdal,
Invita and Marbodal in Scandinavia; Petra and A la Carte in Finland;
ewe, Intuo and FM in Austria, as well as Poggenpohl globally. Nobia
generates profitability by combining economies of scale with
attractive kitchen offerings. The Group has approximately 6,500
employees and had net sales of about SEK 13 billion in 2015. The
share is listed on Nasdaq Stockholm under the ticker NOBI. Website:
www.nobia.com

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http://news.cision.com/nobia-ab/r/nobia-seeks-minority-partner-for-pogge...
http://mb.cision.com/Main/5927/2007309/514494.pdf

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