In order to create future synergies ITAB has, as previously announced in the interim report for January-September 2016, made streamlining and rationalization of the Group in Q4 as a result of the acquisitions made during the year. The costs are estimated to approximately 10 MEUR and consists of acquisition, integration and restructuring costs, including a closure of the manufacturing facility in Belgium and a merger of two manufacturing facilities in Finland.
The information provided is such that ITAB Shop Concept AB (publ) shall publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. This information was submitted for publication in Swedish at 10:45 a.m. 23th of December 2016.
For further information, please contact:
ITAB Shop Concept AB
CEO Ulf Rostedt
Telephone: +46 36 31 73 00
ITAB Shop Concept AB sells, develops, manufactures and installs complete shop fitting concepts for retail chain stores. The all-inclusive offer includes custom-made fitting concepts, checkouts, self-checkout systems and professional lighting systems. Customers include the major players throughout most parts of Europe. ITAB is the market leader at checkout to retailers in Europe, and one of Europe's largest suppliers of shop fitting concepts and lighting systems. The group has approximately 3,600 employees and a will have a yearly turnover of SEK 6 500 million. ITAB B-share is listed on the Nasdaq Stockholm.