Preben Bager comments on first-quarter performance
(Thomson Reuters ONE) -
In his speech to the Annual General Meeting, President and CEO Preben Bager said
the following:
"To date this year, the trend in the kitchen market, with few exceptions, has
been weaker than we anticipated, meaning that production and deliveries remain
at a low level, with low capacity utilisation. However, the structural measures
implemented in 2009 mostly progressed according to plan. Nevertheless, we
experienced delays in the extensive logistical changes in Hygena, which led to
lost sales and higher costs than planned."
Nobia AB (publ)
30 March 2010
For further information, contact:
Preben Bager, President and CEO
Ingrid Yllmark, IRO,
Telephone +46 8 440 16 00 or + 46 708 65 59 00
Nobia develops and sells kitchens through some 20 strong brands in Europe,
including Hygena in France, HTH in the Nordic countries, Magnet in the UK and
Poggenpohl globally. Nobia generates profitability by combining economies of
scale with attractive kitchen offerings. The Group has approximately 8,000
employees and net sales of about SEK 15 billion. The Nobia share is listed on
the NASDAQ OMX Stockholm under the short name NOBI. Website:www.nobia.com
Financial information can be found under "Investor."
[HUG#1399372]
Press release (PDF): http://hugin.info/133488/R/1399372/354881.pdf
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Datum: 30.03.2010 - 11:16 Uhr
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