ITAB awarded MEUR 22 contract from major financial services provider in United Kingdom

ITAB Group has signed a framework agreement for the manufacturing, delivery, and installation of shopfitting and signage solutions for a major financial services provider throughout the United Kingdom. Although there are no minimum commitments under the agreement, the implementation is currently underway, and the total value of the contract is estimated to be at least MEUR 22 over four years.

A leading financial service provider has chosen ITAB Group as their partner for the refurbishment of existing branch offices and establishment of new branch offices. Under the framework agreement, ITAB will manufacture, deliver, and install shopfitting and signage solutions throughout the United Kingdom. This is a new customer for ITAB and the solutions have been developed through a joint effort with the customer and ITAB’s team. The contract strengthens ITAB's position as a solution provider for its customers in the United Kingdom market.

"We are delighted to have been selected for this contract in the financial sector. As we embark on this four-year collaboration, we look forward to bringing our expertise in creating consumer experience that consistently deliver the customer's vision, while strengthening our position as the leading solution provider within our industry”, says Andréas Elgaard, President & CEO of ITAB Group.

The total value of the products, systems, installation, and other services under the framework agreement is estimated to be at least MEUR 22 over four years, and the first installations are currently underway.

Jönköping, 28 August 2024

ITAB Shop Concept AB (publ)

This information was submitted for publication at 2:00 p.m. CEST on 28 August 2024.
   This is in all respects a translation of the Swedish original press release. In the event of any discrepancies between this translation and the Swedish original, the latter shall prevail.
  

For further information, please contact:
Andréas Elgaard, President & CEO
Telephone: +46-73 232 16 35

Mats Karlqvist, Head of Investor Relations
Telephone: +46-70 660 31 32

ITAB Shop Concept AB (publ), Box 9054, SE-550 09 Jönköping, Sweden
itab.com, itabgroup.com

AT ITAB we help customers turn consumer brand experience into physical reality with our know-how, solutions, and ecosystem of partners. We co-create with our customers, efficient retail solutions that deliver convenient and inspiring consumer experiences. The offer includes consultative design services, custom-made interiors, checkout systems, consumer guidance solutions, professional lighting systems and interactive digital solutions for the physical store. ITAB has annual sales of approximately SEK 6.4 billion and approximately 2,500 employees. ITAB's share is listed on Nasdaq Stockholm.