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Oboya’s chairman of the board resigns

Oboya Horticulture Industries AB’s (”Oboya” eller Bolaget”) chairman of the board Joachim von Scheele resigns due to personal reasons.Joachim von Scheele has today the 9th of June 2020 announced that he resigns as chairman of the board. Joachim has been a member of the board since May 2019 and served as interim chairman of the board since August 2019. ”We regret that Joachim has chosen to resign from the board and thank him for his work for Oboya”, Robert Wu, Oboya’s CEO says. Erik Penser Bank is Oboyas Certified Adviser at Nasdaq First North.Phone: + 46 8-463 83 00E-mail:

Correction of earlier press release regarding risk for write-downs of debts

The management of Oboya Horticulture Industries AB (”Oboya” or ”Company”) has after that the press release regarding potential impairment charges for bad debts of about 53 MSEK on 4th of June, 2020, together with the Company’s auditors taken on a thorough analysis of these debts. Altogether, the conclusion is that there is currently no need for any additional write-downs, and that the vast majority of these debts continue to be deemed as worthy..Oboya’s management and auditors have after the earlier press release regarding bad debts of about 53 MSEK, taken on a thorough analysis of the

Robert Wu replace Martin Dahlberg as CEO at Oboya

Martin Dahlberg, interim CEO at Oboya Horticulture Industries AB (“Oboya”), resigns with immediate effect and Robert Wu is appointed as CEO. Martin Dahlberg was appointed as CEO in March 2020 and has started to scrutinize all parts of the business to establish a sustainable profitability that will provide the basis for strong growth in the years ahead. Martin Dahlberg has now decided to resign, and Robert Wu is appointed with immediate effect.Present interim CEO, Martin Dahlberg resigns at his own request with immediate effect as both CEO and member of the board of directors at Oboya.

Oboya risks impairment charges for bad debts of SEK 53 million

Oboya Horticulture Industries AB has updated the Group´s assessment of current receivables in China. Due to that the Group identified the risk of a write-down of SEK 53 million. Such a write-down would have no connection to COVID-19, where the Group maintains its position that the COVID-19 effects will give a neutral to positive profitability effect for the full year 2020.Oboya faces the risk of needing a write-down of short-term receivables with a total of SEK 53 million, which in that case will be charged on Q2, 2020. Of these receivables, SEK 14 million dates to 2015, SEK 17 million to

Oboya appoints Peter Wallin as Chief Operating Officer

By appointing Peter Wallin as COO, Oboya Horticulture Industries AB intensifies its work towards operational excellence. The position has been open since Martin Dahlberg was promoted as CEO in March 2020.Effective 1st of June, Peter Wallin will start as new Chief Operating Officer (COO) at Oboya, reporting directly to the CEO, Martin Dahlberg. With over 20 years of experience in production, logistics and supply chains, Peter will take charge of the group’s complete supply chain. Peter has worked as interim manager in various industries, including automotive, train maintenance, and plastics,

INTERIM REPORT JAN-MAR 2020 (IN SWEDISH)

Oboya Horticulture Industries AB (”Oboya” or “Company”) publishes the annual report for 2019. The first quarter shows that the Company is on the right track with less headcount and decreased interest bearing liabilities.SÄRSKILDA FINANSIELLA NYCKELTAL (JANUARI-MARS 2020) · Rörelseresultat före avskrivningar (EBITDA) uppgick till 4,9 (9,8) MSEK, motsvarande 5,0% av försäljningen, exklusive avyttrade verksamheter. · Räntebärande skulder i slutet av perioden uppgick till 157,2 (199,7) MSEK, en minskning med 21% jämfört med samma tidpunkt föregående år. · Resultatet belastas med

Oboya's status update related to COVID-19

Oboya Horticulture Industries AB (”Oboya” eller Bolaget”) continous to adjust its operations due to the outbreak and spread of COVID-19. The Company has early taken proactive measures and is now seeing changes in demands for some product lines. In total, the situation is neutral to positive in profitability since Oboya has order intake of berry boxes with lids.Oboya’s production sites in China has experienced a lower order intake for their export to USA and continental Europe since mid March, about 30%. This is now gradually improving and we expect the market to return to normal level in 2-

OBOYA HORTICULTURE INDUSTRIES AB PUBLISHES THE ANNUAL REPORT FOR 2019 (IN SWEDISH)

Oboya Horticulture Industries AB (”Oboya” eller Bolaget”) publishes the annual report for 2019.  The strategy has during the last year changed from focusing on sales growth to instead prioritize profitability.The annual report is available in Swedish at https://oboya.se/investerare/finansiella-rapporter/. Erik Penser Bank AB is Oboyas Certified Adviser on Nasdaq First North Growth Market. Tel: +46 8-463 83 00, E-mail: certifiedadviser@penser.se For more information, please contact: Martin Dahlberg, CEO Oboya Horticulture Industries AB (publ)  Tel: + 46 76 571 88 88  E-mail:

Oboya recruits new CFO

Oboya Horticulture Industries AB (”Oboya” or the ”Company”) will recruit a new Chief Financial Officer (CFO). Henrik Hang has decided to leave his role as CFO per today, April 24[th], 2020. Martin Dahlberg, Oboya’s CEO, will temporarily also act as CFO, with support from Stina Westerberg in her role as Financial Controller.Effect today April 24[th], 2020, the Company’s CEO, Martin Dahlberg, will temporarily also act as CFO until a new CFO is employed. Stina Westerberg, Financial Controller at Oboya since more than four years, will support the CEO. This will not have any impact on the

Oboya appoints new CEO for the subsidiary COFA Plastics AB

Oboya Horticulture Industries AB (”Oboya” or the ”Company”) has appointed Jimmy Axelmyr to new CEO for Oboyas subsidiary COFA Plastics AB (”COFA”). Jimmy is currently replacing Mats Johansson who has reached retirement age.COFA has a strong focus on the home growers market. But for several years they have been dragged with a low and unsatisfactorily profitability. The activities that have been initiated have reduced the fixed costs, but COFA also needs to improve sales and its margins. Also, it is estimated that there are additional savings to be realized in the business while maintaining

Oboya's status update related to COVID-19

Oboya Horticulture Industries AB ("Oboya" or the Company) continuous to adjust its operations due to the outbreak and spread of COVID-19. The Company has early taken proactive measures and is now seeing increased demands for some product lines.Oboya experience increased demands for some products exposed by the COVID-19. For vegetables and fruits in the stores, more hygienically appropriate packaging is becoming increasingly more important to avoid the spread of infection. Oboya experience a big increase in order intake for plastic boxes with lid from the strawberry growers in Norway, Sweden

Oboya's subsidiary in Denmark files for bankruptcy and takes write-downs of SEK 54 million

Oboya Horticulture Industries AB ("Oboya" or the Company) takes write-downs and provisions and files the Danish subsidiary for bankruptcy. Concluded write-downs and provisions amounted to SEK 54 million, of which SEK 0 million has a liquidity effect. Over the past year, the Danish subsidiary has shown unsatisfactory results, accentuated by the outbreak and spread of COVID-19 (coronavirus) the last few weeks. The sharp decline in the flower industry has had a strong negative impact on Oboya's Danish operations, with the Board having to file for that part of the business to go bankrupt as of

Oboya's status update related to COVID-19

Oboya Horticulture Industries AB ("Oboya" or the Company) has since the outbreak and spread of COVID-19 (corona virus) followed the development and effects closely. The Company has taken proactive measures to reduce the risk for the Company's personnel and ensure continuity of operations.The Oboya Group is a leading overall supplier of cultivation products worldwide to the flower industry as well as for fruit and vegetables. The Company is represented in many countries, such as Sweden, Denmark, Norway, Poland, China, Kenya and Vietnam. The full effects of COVID-19 remain difficult to

Oboya appoints Martin Dahlberg as new CEO

The Board of Directors of Oboya Horticulture Industries AB ("Oboya" or "Company") has appointed Martin Dahlberg as new CEO and take over with immediate effect and on March 27, 2020. In addition, the Board of Directors proposes the election of Robert Wu as ordinary Board member at the Annual General Meeting on May 20, 2020.Martin Dahlberg holds an MSc in Industrial Management and Engineering from Lund University of Technology, Sweden. Martin recently joined Oboya as Chief Operating Office and Executive Vice President. Prior to that he worked as Director Global Sales at a publicly listed

Oboya increases sales of environmentally friendly cultivation products

Oboya Horticulture Industries AB ("Oboya" or the Company ") has received several inquiries regarding environmentally friendly cultivation products made from Swedish biomaterials. During the upcoming peak season, the company has taken several orders from customers and growers of fresh herbs and salads in the Scandinavian market. Oboya expects sales of environmentally friendly cultivation products to increase gradually during the year.Oboya works to promote the environment and sustainability of the cultivation industry by offering environmentally friendly cultivation products. In 2019, sales

Oboya strengthens management team with COO

Oboya Horticulture Industries AB ("Oboya or the Company") has over the past 18 months focused on adjusting the cost base to continue streamlining working practices and strengthening the revenue side.  Hence, Oboya strengthens the management team with new COO with a focus on Europe.Martin Dahlberg will take over as COO on 20[th] of March, focusing on operations in Europe. Martin is educated civil engineer in industrial economics from Lund University of Technology and most recently comes from a global sales manager role within a public listed company where Martin has significantly increased

Oboya and Aureum Life establish a new joint-venture company

Oboya Horticulture Industries AB ("Oboya" or "The Company") and Aureum Life AB ("Aureum") have signed an agreement to establish a new joint-venture company in Sweden. The new joint-venture company will operate in the development and sale of cultivation products for the consumer market with a focus on medical cannabis. The joint -venture company will be equally owned by the parties.Oboya and Aureum have signed an agreement on a new joint-venture company with activities in the development and sale of cultivation products with a focus on medical cannabis for the consumer markets. The new joint-

Oboya is investing in urban cultivation in the Scandinavian market

Oboya Horticulture Industries AB ("Oboya" or "The Company") has decided to invest in urban cultivation in the Scandinavian market. The measures mean that Oboya strengthens the sales organization with a new sales manager in Sweden. The decision was made in the light of the increased number of inquiries the Company received from this new customer segment. Cultivation in the urban environment, both indoors and outdoors, contributes to the environment and sustainability, and not least to the opportunity for locally produced fruit and vegetables.Cultivation in urban and urban environments has

Oboya receives orders for cultivation products of SEK 18.5 million spread over two years

Oboya Horticulture Industries AB ("Oboya" or "The Company") has through its wholly owned subsidiary VEFI AS in Drammen, Norway received orders for cultivation products for hydroponic cultivation in Sweden. The order value amounts to approximately SEK 18.5 million and is spread over two years from January 2020. VEFI AS was founded in 1949 and since then has been operating mainly in hydroponic cultivation for efficient cultivation and distribution. VEFI has been active for 70 years and today is a leading supplier of products for hydroponic cultivation and production is done through the

Oboya signs strategic framework agreement in China

Oboya Horticulture Industries AB ("Oboya" or "The Company") has, through its wholly-owned subsidiary in China, signed an unconditional framework agreement with a leading cultivation company in industrial cannabis during the ongoing China International Import Expo trade fair. Oboya has signed an unconditional framework agreement with a leading industrial cannabis cultivation company in China. The agreement does not impose any obligation to order. As a first step in the collaboration, a study will be conducted where the customer's needs are to be analyzed. The total order value for

Oboya carries out relocation of operations and warehouses, which entails an annual cost saving of SEK 5.0 million

Oboya Horticulture Industries AB ("Oboya" or "The Company"), through wholly-owned subsidiaries in Sweden and Denmark, carries out relocation of operations and warehouses. The change entails an annual cost saving of MSEK 5.0 with full effect from the first quarter of 2020. The relocation is part of previously communicated profitability improvement and the Company's strategic plan to achieve a net margin of 5-7 percent. Oboya has previously announced that the focus for the coming years is to achieve sustainable profitability. In order to achieve the stated target of a net margin of 5–7

Oboya invests for a sustainable future - increased sales of environmentally friendly cultivation products

Oboya Horticulture Industries AB ("Oboya" or "the Company") has during the year invested in new machines and tools for easier conversion to production of environmentally friendly cultivation products that are degradable and recyclable and manufactured from Swedish biomaterials. The investments have resulted in continually orders from customers. Sales of environmentally friendly cultivation products are estimated at approximately SEK 11.9 million in 2019, while sales for the full year 2018 amounted to approximately SEK 1.0 million. Sales of environmentally friendly products are expected to

Oboya receives orders for flower- and logistics trolleys of SEK 4,2 million

Oboya Horticulture Industries AB (publ) ("Oboya" or "The Company") has through its wholly owned subsidiary Oboya Metal Qingdao Co. Ltd. in Qingdao, China received orders for flower- and logistics trolleys from customers in Australia and Colombia. The total order value amounts to approximately USD 421.1 thousand, corresponding to approximately SEK 4.2 million. Through these orders, Oboya continues to take market shares in the international cultivation market and cement its position as a total supplier. Over the years, the company has received several orders for flower- and logistics

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