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
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.