Nobia

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