Arbonia sells the "Zelgstrasse" site in Arbon to the HRS Group for around
CHF 34 million

Arbonia AG / Key word(s): Real Estate
Arbonia sells the "Zelgstrasse" site in Arbon to the HRS Group for around
CHF 34 million

20-Jun-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Arbon, Switzerland, 20 June 2024 - Arbonia AG has sold the approx. 35,000 m2
site in Zelgstrasse in Arbon to a company of the HRS Group via its
subsidiary AFG Immobilien AG. The completely leased site, which is
classified as non-operating real-estate, has thus been sold in line with the
strategy.

The site in Zelgstrasse in Arbon, in close vicinity to Lake Constance, is
almost completely built up and once housed the refrigerator production of
the former Arbonia subsidiary Forster Kühltechnik AG. Today, the site is
fully leased to a third party. The purchase price is more than CHF 34
million, and the notarisation took place on 19 June 2024. The sale leads to
a positive EBITDA contribution of approx. CHF 28 million and after deduction
of taxes, to a positive effect on the net result, which will be recognised
in the consolidated net income in the first half of 2024.

After focusing on the doors business and acquiring Dimoldura and Lignis,
Arbonia has achieved a further step in their announced reduction of
non-operating property.

Contact
Fabienne Zürcher
Head Corporate Communications & Investor Relations
T +41 71 447 45 54
fabienne.zuercher@arbonia.com


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End of Inside Information

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   Language:       English
   Company:        Arbonia AG
                   Amriswilerstrasse 50
                   9320 Arbon
                   Switzerland
   Phone:          +41 71 447 41 41
   E-mail:         holding@arbonia.com
   Internet:       www.arbonia.com
   ISIN:           CH0110240600
   Listed:         SIX Swiss Exchange
   EQS News ID:    1929287

End of Announcement EQS News Service
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1929287 20-Jun-2024 CET/CEST