To capitalise on economies of scale, Nobia is consolidating 12
business units into nine from
1 January 2009. Group management will be expanded, effective
immediately. The purpose of these changes is to strengthen the
competitiveness of the brands and the profitability of the Group."We are preparing for continued growth, while simultaneously
generating economies of scale in sales, purchasing, production and
administration. We will also achieve shorter decision-making channels
within the Group," says Preben Bager, President and CEO.
The business units that are to be consolidated are Magnet and Gower
in the UK region, Nobia Sweden and Nobia Norway in the Nordic region,
and German company Pronorm will be merged with Austrian company
EWE/FM in the Continental Europe region.
Business units
UK region Nordic region Continental Europe region
Nobia UK HTH Hygena
Invita Optifit
Nobia SE/NO Pronorm/EWE/FM
Novart Poggenpohl
Management group
Preben Bager, President and CEO Roy Saunders, Nobia UK
Gun Nilsson, CFO Henrik Karup Jørgensen, HTH
Lennart Rappe, M & A Ingemar Tärnskär, Nobia SE/NO
Bo Johansson, Supply Chain Jorma Lehtovuori, Novart
Management
Egil Wold, Business Development Daniel Souissi, Hygena
Thomas Myringer, Human Resources Christian Rösler,
Pronorm/EWE/FM
Ingrid Yllmark, Communications & IR Elmar Duffner, Poggenpohl
For further information contact:
Preben Bager, President and CEO
Ingrid Yllmark, IRO
Tel +46 0 8 440 16 00 or +46 0 708 65 59 00
Nobia AB
10 September 2008
Nobia is the leading kitchen company in Europe with operations in
some ten countries. The Group manufactures and sells complete kitchen
solutions through many strong local and international brands,
including Magnet in the UK, HTH in the Nordic region, Hygena in
France and Poggenpohl internationally. Sales are generated through
specialised kitchen studios, other sales channels and direct to
corporate customers. Nobia creates profitable growth by working
according to the company's strategic cornerstones. Nobia has about
8,500 employees and annual net sales of approximately SEK 16 billion.
The Nobia share is listed on the OMX Nordic Exchange Stockholm under
the shortname NOBI, in the Consumer Discretionary sector. Nobia is
included in the OMX Stockholm Benchmark Index. Website:
www.nobia.com
Nobia to reorganise operations
| Source: Nobia AB