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Organizational efficiency program initiated

FM Mattsson Mora Group is upping the pace of its drive to increase the group's efficiency to combat continued external and internal factors that affect the group's earnings. Today, a redundancy program is being presented to streamline the organization by reducing the number of employees by approximately 35. The company had around 530 employees in 2017. The company’s development in terms of sales and profitability has been weaker than expected. As communicated in the first quarter report on 4 May 2018, the group is addressing this through proactive investments within sales and marketing.

Change in number of shares and votes in FM Mattson Mora Group

According to the articles of association of FM Mattsson Mora Group AB (publ) (“FM Mattsson Mora Group” or the “Company”), owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in the Company.During November 2017, after request from a shareholder, a conversion of 3,200 Class A shares to Class B shares has been registered with the Swedish Companies Registration Office. In November 2017, the conversion has also been entered into the share register maintained by Euroclear Sweden AB. The total number of votes in

New CFO for FM Mattsson Mora Group appointed

Martin Gallacher is to assume the position of Chief Financial Officer, CFO, at FM Mattsson Mora Group. He has significant international experience of audit and corporate finance, primarily within Grant Thornton, and his most recent position was CFO at Morakniv. Martin will become a member of Group management not later than 10 February 2018.“With Martin Gallacher as our new CFO, we gain international expertise in corporate finance combined with strategic financial management. Martin has mainly been active in the UK, where he was born, but has been well-established here in Mora for several

Nomination Committee for FM Mattsson Mora Group’s 2018 Annual General Meeting

In accordance with the resolution by a previous Annual General Meeting in FM Mattsson Mora Group AB, the Nomination Committee shall consist of one representative of each of the three largest shareholders. Consideration must be given when determining the largest shareholders in the company to ownership based on groups of shareholders that collaborate when calculating the size of the holdings. If any of these shareholders choose to renounce from its right to appoint a representative, the right to appoint a representative shall pass to the largest shareholder in turn in terms of votes which is

Management changes at FM Mattsson Mora Group

Anna-Carin Bjelkeby, CFO of FM Mattsson Mora Group, today announced that she intends to leave her position after four years in the company. A recruitment process will be initiated in order to appoint her successor as soon as possible.Anna-Carin Bjelkeby has been a member of the group management team of FM Mattsson Mora Group since 2013. She will retain her responsibilities as CFO during a transitional period and leaves her position at the latest by February 22, 2018. Anna-Carin will enter a corresponding position in a Stockholm based company with a different business focus."Anna-Carin has

New Director of Marketing and Sales for FM Mattson Mora Group

Mikael Östbring is to assume the position of Director of Marketing and Sales Nordic at FM Mattsson Mora Group. He has solid experience from senior sales positions in consumer-focused companies and will become a member of Group management not later than 2 October 2017.   FM Mattsson Mora Group is to strengthen its position in the domestic Nordic market and become an attractive niche player in international markets. Growth is to be achieved by developing the attractive brands that the Group has as well as through selective acquisitions. Group management is now gaining a new marketing and

Conversion of shares

According to the articles of association of FM Mattsson Mora Group AB (publ) (“FM Mattsson Mora Group” or the “Company”) owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in the Company.During April, after request from a shareholder, a conversion of 18,000 Class A shares to Class B shares have been registered with the Companies Registration Office. In May the conversion also has been entered into the share register maintained by Euroclear Sweden AB. The total number of votes in the Company thereafter

Change in number of shares and votes in FM Mattson Mora Group

Following the offer to subscribe for Class B shares in FM Mattsson Mora Group AB (publ) (“FM Mattsson Mora Group” or the “Company”) through a new share issue in connection with the listing of the Company’s Class B shares on Nasdaq Stockholm (the “Offering”) the number of shares and votes in the Company has changed.On 11 April 2017 the board of directors used the authorization granted by the annual general meeting held on 12 May 2016 and issued 2,000,000 Class B shares in connection with the Offering. Each Class B share entitles to one vote. During April the new share issue has been

Management changes at FM Mattsson Mora Group

FM Mattsson Mora Group is making changes to its management team. Peter Wennerstein, Director of Sales Nordic and Marketing, will leave his current role to take up a position with one of the company’s partners. Malou Carlsson has been appointed as interim marketing manager for the Mora Armatur and FM Mattsson brands, and Fredrik Skarp will assume sales responsibility for the brands until such time as a permanent solution has been found.   For further information, please contact:Fredrik Skarp, CEO, Tel: +46 (0)70 541 55 41Patrik Linzenbold, IR Manager, Tel: +46 (0)708 25 26 30

First day of trading in FM Mattsson Mora Group’s Class B share on Nasdaq Stockholm

FM Mattsson Mora Group AB (publ) (“FM Mattsson Mora Group” or “the Company”) announces the results of the offer to subscribe for Class B shares in the Company through a new share issue in connection with the listing of the Company’s Class B shares on Nasdaq Stockholm (“the Offering”). The Offering attracted a great deal of interest, from both institutional investors and the Swedish public. The Offering was substantially oversubscribed. The first day of trading in the Company’s Class B share (ticker symbol FMM) is today, 10 April 2017. Press release: http://www.fmm-mora.com/Investors/

PURCHASING AND LOGISTICS DIRECTOR TO FM MATTSSON MORA GROUP

Arto Almér assumes the newly created role of Purchasing and Logistics Director at FM Mattsson Mora Group. Almér has solid experience from leading positions within purchasing and logistics from several consumer oriented companies and he will be a part of the Group’s management as of the 10th of October 2016.FM Mattsson Mora Group has the ambition to meet the customers’ needs through an efficient and innovative production process. The Group’s management group is now being enforced by a Purchasing and Logistics Director with the responsibility of developing the Company’s supply chain. “We

New President and CEO of FM Mattsson Mora Group appointed

Fredrik Skarp has been appointed new President and CEO of FM Mattsson Mora Group AB. He will assume his position no later than June 2016. He has both a broad international experience from several senior positions within the SSAB and a strong local presence in Dalarna, where he in recent years has been the CEO of Mora of Sweden. He most recently comes from the position as CEO of Scanmast.Fredrik Skarp has a PhD in Industrial Marketing and Purchasing. During his more than ten years in various managerial positions at SSAB, he has been highly involved in M&A transactions, responsible for units

FM Mattsson Mora Group changes its IPO timetable

The Board of FM Mattsson Mora Group AB (publ) announced on November 3, 2015, its intention to apply for a listing of the Company's B shares on Nasdaq Stockholm. The Company has today been informed that all conditions to obtain an approval from Nasdaq Stockholm are currently not fulfilled in terms of the Board’s composition and routines. Previously estimated timetable for a listing in 2015 is thereby re-scheduled.This decision has no impact on the Company's operations, which is progressing very well, and the Board will immediately take the actions considered necessary with the ambition of a

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