The Board has decided to propose to the Annual General Meeting 2019 that no dividend will be paid for the financial year 2018
ITAB announced on September 21th that the streamlining programme extended and restructuring taking place to managing the change in the retail sector and the effects of reduced sales. As a consequence, the Board of ITAB Shop Concept has decided to propose to the Annual General Meeting on May 8, 2019 that no dividend will be paid for the financial year 2018. The Board’s motivation for this proposal is to strengthen the financial position when the streamlining programme is ongoing, strengthen investments in Asia as well as enable future market and product initiatives.
Release
ITAB Shop Concept AB
CEO Ulf Rostedt
Phone: 46 36 31 73 00
Mobile: 46 70 694 86 82
Box 9054, SE-550 09 JÖNKÖPING, SWEDEN
Telefon: 46 [0]36 31 73 00
www.itab.com, www.itabgroup.com
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 and digital solutions for the physical store. 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 3,400 employees and had 2017 a turnover of SEK 6,381 million. ITAB B-share is listed on the Nasdaq Stockholm.