Nobia accelerates its transformation journey with manufacturing consolidation in the UK

Nobia has unveiled plans to further consolidate its manufacturing operations in the UK as part of its ongoing UK transformation strategy. The company will be relocating its current manufacturing facility in Halifax to the Darlington manufacturing site, with the building in Halifax set to be repurposed as a storage facility.

The closure of the Halifax manufacturing site is expected to incur a total cost of approximately 4.7 MGBP, of which 2.2 MGBP is non-cash. The cost will be included in Nobia’s second quarter results as items affecting comparability. Approximately 60 full-time equivalent employees in Halifax will be affected by the consolidation. Nobia is committed to supporting impacted team members and exploring alternative employment opportunities wherever feasible.

"Our UK transformation is going according to plan and the closure of Halifax forms part of our initiative to considerably lower our fixed cost base and restore profitability in the UK" said Jon Sintorn, President and CEO, Nobia.

For further information
Kristoffer Ljungfelt, EVP Region UK
+46 8 440 16 00
kristoffer.ljungfelt@nobia.com

Tobias Norrby, Head of Investor Relations
+46 706 647335
tobias.norrby@nobia.com

Nobia develops, manufactures and sells kitchen solutions through a number of strong brands in Europe, including Magnet in the UK; HTH, Norema, Sigdal, Invita, Superfront and Marbodal in Scandinavia as well as Novart in Finland. Nobia generates profitability by combining economies of scale with attractive kitchen offerings. The Group has approximately 5,000 employees and net sales of about SEK 13 billion. The share is listed on Nasdaq Stockholm under the ticker NOBI. www.nobia.com