Nobia Board anticipates lower earnings and proposes no dividend be paid

With regard to the fact that Nobia's sales and earnings were lower
than expected during the first months of 2009 and with the aim of
creating financial scope for rapidly implementing efficiency
enhancements in the production structure and, the Board of Directors
has changed its previous recommendation and now proposes that no
dividends be paid to shareholders.

The year began with weak demand in the European kitchen market, which
was characterised by fiercer competition and pressured margins. The
current exchange-rate situation is not in Nobia's favour, with a weak
SEK and GBP in relation to the EUR. In addition, the financial crisis
has created uncertainty in forecasting market and sales trends for
the remainder of the year. These factors, combined with the fact that
Nobia's sales and earnings for the first months of the year were
lower than the Board expected when it initially decided to propose a
dividend of SEK 1.25 to the Annual General Meeting, have now resulted
in the Board proposing that no dividends be paid. This means that the
company's financial capacity has been strengthened by approximately
SEK 200 million.

Three plants in the Nordic region are in the process of being closed
down at a nonrecurring cost of SEK 250 million, which is expected to
generate annual savings of SEK 130 million. Accordingly, the payback
period for these measures is about two years.

The range of products is being harmonised in all three regions, which
will contribute to additional co-ordination of the supply chain and
thereby lower product costs."We have already seen signs that our initiatives have strengthened
our market shares in the UK, Denmark and Norway, despite these
markets shrinking. With a stronger financial capacity, we will be
able to build on the direction we have taken," says Preben Bager,
President and CEO of Nobia."A detailed review of the supply chain is being carried out at Nobia,
involving analyses of product lines, purchasing and production. At
the same time, we are striving to advance our positions in many
markets. Our goal is to emerge from the recession with both improved
market positions and a lower cost structure," says Hans Larsson,
Chairman of the Nobia Board.

Nobia AB
1 April 2009

For further information, contact:
Hans Larsson, Board Chairman
Ingrid Yllmark, Director Communications & IR
Telephone +46 8 440 16 00 or +46 708 65 59 00


Nobia is the company behind several strong European kitchen brands,
such as Magnet in the UK, Hygena in France, HTH in the Nordic
countries and Poggenpohl internationally. The Group manufactures and
sells complete kitchen solutions and generates value by utilising
economies of scale. Nobia has approximately 8,500 employees and net
sales of about SEK 16 billion. The Nobia share is listed on NASDAQ
OMX in Stockholm under the short name NOBI. For more information,
visit www.nobia.com.