Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Bene announces record sales but sees signs of world economic downturn

Sunday 17 May 2009

• Consolidated sales increased by 5.1% to EUR 265.3 million • Solid balance sheet structure: Equity ratio reaches 46.8% • Clearly positive operating cash flow
After the substantial growth in 2007/08, the Vienna Prime Market listed Bene AG (ISIN AT00000BENE6) again increased its sales in the past business year (February 1, 2008 to January 31, 2009) by 5.1% to EUR 265.3 million thus further strengthening its position in almost all markets.
With a considerable sales increase, the international specialist for office and working environments again exceeded the record sales of the business year 2007/08. As clear market leader in Austria Bene improved sales in its home market by EUR 1.5 million or 2.0% to EUR 76.7 million. In an overall difficult economic environment, sales in Germany reached EUR 70.5 million in the past business year (+7.5%). Also the Bene Group could not escape the impacts of the financial market crisis in the UK. It had to record a decline in sales by 38.0% to EUR 21.5 million. The Russia segment showed a clearly better performance and closed the business year 2008/09 with record sales of EUR 39.8 million (plus 32.0%). In the past business year, the \"other markets\" segment likewise considerably increased sales to EUR 56.8 million (plus 21.0%).
Against the background of the difficult economic conditions, which as from the fourth quarter also showed their effects on Bene, the Bene Group had to record a drop in the earnings figures. In the business year 2008/09, earnings before interest and tax (EBIT) decreased by EUR 3.8 million to EUR 11.4 million. The EBIT-margin reached 4.3% (2007/08: 6.0%).
Bene still has a solid balance sheet structure. Despite major investments, as of January 31, 2009, the balance sheet total of EUR 145.6 million only marginally exceeded the previous year´s reference value. The equity ratio reached 46.8% (January 31, 2008: 48.7%). As of January 31, 2009, the Group´s equity including minority interests amounted to EUR 68.1 million (January 31, 2008: EUR 69.2 million).
On the balance sheet date, the Bene Group occupied 1,518 employees worldwide. This corresponds to an increase of 88 employees or 6.2% in comparison with the prior year.
Due to the worldwide lasting negative economic prospects, the Management Board will propose to the shareholders´ meeting on June 3, 2009 not to pay any dividend for the reporting period in order to further consolidate the Bene AG´s capital strength.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.



moreLatest News

Thursday 8 March 2018 Herman Miller International exec to retire

ZEELAND — A member of the executive team at Herman Miller Inc. has announced

Tuesday 27 February 2018 Naughtone Placed No. 22 in the Sunday Times Lloyds SME Export Track 100

naughtone, a furniture design and manufacturing company based in Knaresborough, North Yorkshire,

Wednesday 21 February 2018 Takkt AG acquires Brittish Equip4Work

Takkt AG has acquired 100 percent of the shares of Equip4Work Ltd. Signing and closing of the tra

Tuesday 20 February 2018 Steelcase survey reveals informal space trend

A recent study by office furniture vendor Steelcase has shed some light on what people really wan

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England

+44 (0) 20 7688 1928