FM Mattsson Mora Group withdraws proposal of dividend

Press release published: May 4, 2020 at 3:45 pm

In light of the current uncertainty as a result of the spread of the coronavirus, the board of FM Mattsson Mora Group AB (publ) has decided to withdraw the previously published dividend proposal for the 2020 Annual General Meeting. The Board intends to evaluate the situation later this year and, if suitable conditions are prevalent, call an Extraordinary General Meeting to decide on a potential dividend.

For further information, please contact:
Fredrik Skarp, CEO, Tel: +46 (0)250 596 405.
Martin Gallacher, CFO, Tel +46 (0)250 596 225.

This information is such that FM Mattsson Mora Group AB (publ) must disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 15.45 on 4 May 2020.

FM Mattsson Mora Group conducts the sale, manufacture and product development of water taps under the strong, established brands of FM Mattsson, Mora Armatur, Damixa and Hotbath. The group’s vision is to be the customer’s first choice for mixer taps in the bathroom and kitchen. In 2019 the business generated sales of more than SEK 1.4 billion from its companies in Sweden, Norway, Denmark, Finland, Benelux, Germany and Italy and had over 500 employees (figures adjusted for the acquisition of Hotbath in May 2019). FM Mattsson Mora Group is listed on Nasdaq Stockholm.