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Fagerhult Has Initiated Trade Union Negotiations with Intention to Close the Production Unit In...

STOCKHOLM, Sweden -- The Swedish lighting company Fagerhult (STO:FAG), listed on the Stockholm stock exchange, today announced that negotiations have been initiated with the trade union representatives, with the intention to close the production unit in EurnskEldsvik. A final decision regarding

closing down the unit is expected at the next board meeting on 13 December, when the negotiations are presumed to be concluded.

The Fagerhult Group with approximately 1,600 employees is the largest lighting group in the Nordic region and a leading force in Europe. We develop, manufacture and market professional lighting systems for public environments as well as offering a range of decorative lighting. The group has sales companies in Sweden, Norway, Denmark, Finland, United Kingdom, the Netherlands, Germany, Estonia, Russia and China. Production facilities are located in Habo, EurnskEldsvik, Varberg, Falkenberg, BorENs and Eahus in Sweden, Manchester in England and in Suzhou, China. The group, which includes Fagerhults Belysning, Atelje Lyktan, Belid, Fagerhult Retail, LampGustaf interior, Elenco and Whitecroft Lighting, has a turnover of SEK 2,000 million. AB Fagerhult is quoted on the Nordic Exchange in Stockholm, Mid Cap-list.

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