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