07 September 2007

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Agreement with the Nobia Group of Sweden

Elica strengthens its presence in Europe through an agreement with the Nobia Group of Sweden, Europe’s leading kitchen company headquartered in Sweden.

Under the terms of the agreement, Elica will supply Nobia with both unbranded and Elica Collection brand hoods, which is the Italian company’s most prestigious range for the high-end market. The agreement also includes the possibility to use the Elica brand for the Middle-Premium segment.

The agreement aims not only to reinforce Elica’s presence in the UK, France and Germany, but also to open the door to the northern European market, where the company is looking to strengthen the presence of its brands.

The cooperation with Nobia enables Elica to develop important synergies required for growth in international markets.

  

About Nobia:

As the leading kitchen company in Europe, Nobia is championing the consolidation of the European kitchen industry. Nobia creates profitable growth by enhancing efficiency and making acquisitions. The Nobia Group works with 20 strong brands in many European countries. Sales are mainly generated through specialised kitchen studios, both wholly owned and franchised. The Group has about 8,000 employees and net sales of approximately EUR 1.7 billion. Nobia is listed on the OMX Nordic Exchange in Stockholm. More information is available at www.nobia.com