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

STOCKHOLM, SWEDEN – 18 May, 2016 – 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

Office address:

P.O. Box 70376

Corp. Reg. No. 556528-2752

SE-107 24 Stockholm, Sweden

Klarabergsviadukten 70 A5

Tel +46 (0)8 440 16 00

Fax +46 (0)8 503 826 49

Registered office Stockholm, Sweden

Full News Story: http://pressreleasejet.com/news/nobia-seeks-minority-partner-for-poggenpohl.html

Distributed by Press Release Jet

Media Contact
Company Name: Nobia AB
Contact Person: Lena Schattauer, Head of Communication and Investor Relation
Email: lena.schattauer@nobia.com
Phone: +46 (0)8 440 16 07, +46 (0)705 94 51 00
Country: Sweden
Website: www.nobia.com

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