PEN to deliver shop interior products for Netto

PEN Concept Group AB has received an order from Netto International in Denmark to deliver shop interior products. Deliveries, coordinated from the group subsidiary in Qingdao, China, are expected to start in mid-July 2017. Order value is 540 kUSD and is part of a contract totalling approx. 1 MUSD.

Johan Burtus, CEO at PEN Concept Group, explains:

“We are delighted to receive this order from Netto and thus continue our close collaboration in the competitive shop business segment.”

For any inquiry regarding this transaction, kindly contact:

Johan Burtus, CEO, PEN Concept Group AB

E-mail: johan.burtus@pen.se

Phone: +46 738 000 460

This information is insider information that PEN Concept Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication trough the agency of the contact person set out above, on June 21, 2017.

PEN Concept Group in brief

PEN Concept Group AB is a turnkey of interior and products for shops, exhibitions, events, restaurants and showrooms. The group runs its business through its Swedish subsidiaries PEN Interiör AB in Jönköping, PEN Shop Concept AB in Lerum and Goods Sweden AB in Växjö. In China, sales and manufacturing is located to Qingdao where the subsidiary Oboya Shop Concept Qingdao Co., Ltd. is located.

Netto in brief
The retail chain Netto opened its first store in Denmark 1981, and has since then gone through a major expansion. The chain is today owned by Dansk Supermarked A/S (Dansk Supermarked Group) where Netto, alongside with other chains, constitutes the second largest retail business in Denmark, being controlled by Danish entities. Except Denmark, Netto is also established in Poland, Germany and Sweden.

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About Us

PEN Concept Group AB, headquartered in Jönköping, Sweden, is a turnkey supplier of interior products and solutions for shops, exhibitions, events, restaurants and showrooms. The group coordinates all required resources to offer customers both standard and customized interior solutions, including large scale productions. The Swedish operations is channelled through the subsidiaries PEN Interiör AB, PEN Shop Concept AB and GOODS Sweden AB. The group also has a production and distribution facility, PEN Nordic Concept (Qingdao) Co., Ltd. in China. The PEN brand represents solid know-how and experience in design, engineering, production and installation services for exhibitions, restaurants and retail customers. The GOODS brand covers a turnkey product range for restaurant businesses, including kitchen machinery, furniture and utensils.www.pen.se www.goods.se

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