Nobia takes further action to transition to an asset-light model in the UK and reduce costs in the Nordic supply chain
As part of the transformation of the UK business, the closure of the Halifax manufacturing site was announced April 2nd, reducing the number of manufacturing sites in the UK from five in the second quarter 2023 to two by the end of the second quarter 2024. The Group is now taking further measures in the transition to an asset-light model in the UK by closing underperforming stores that are up for lease renewal and further decentralizing of operations.The measures will result in annualized savings of approximately SEK 160m, which will reach full effect by 2025. The total cost of these