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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 1st quarter sales decline and losses

Sunday 27 June 2010

Office furniture manufacturer Bene, which last year lost 17.2 million, announced its 1st quarter’s results to 30 April 2010. Sales fell by 21.6 percent to 37.2 million - the lowest quarterly sales since going public three and a half years ago. Growth of 8.4% in the domestic Austrian market failed to offset the weakness in other major markets - Germany (down 36.2 percent) and the UK (minus 43 percent ) and Russia (down 46.6 percent ).
The drop in sales is reflected in earnings . EBITDA moved from a plus of 1.2m Euros to a minus 0.9 million Euros. The financial result deteriorated from minus 0.5 to minus 0.8 million . The company\'s net loss increased from 1.9 to 3.92 million .
Employee numbers fell by 292 employees (19.1 percent) and investments reduced by 3.7m Euros to 1.4 million.

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