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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 AG – Financial Results 1st half year - 2010/11

Monday 27 September 2010

The continuing difficult economic environment in most of Bene’s markets had a negative
impact on sales of the Bene Group in the first six months of the current business year. Accumulated sales of EUR 77.1 million in the first half-year of 2010/11 were 19.5 % lower than the previous year (1st HY 2009/10: EUR 95.8 million). However, in the second quarter of 2010/11, Bene achieved an increase in sales of 6.6 % compared to the first quarter of 2010/11. With a sales increase of 1.0 % to EUR 27.1 million (1st HY 2009/10: EUR 26.8 million), the Austrian market showed a slightly positive trend in the first six months of the financial year. In the first half-year of 2010/11,
Germany recorded a decline in sales of 24.8 % to EUR 20.3 million (1st HY 2009/10: EUR 27.0 million). For the first time since the first quarter of 2009/10, the UK segment´s sales of EUR 5.8 million in the second quarter of 2010/11 were clearly higher than in prior quarters. In the first half-year of 2010/11, sales grew in total by 5.7 % to EUR 8.8 million (1st HY 2009/10: EUR 8.3 million). Despite the subdued investment climate, for the first time since the second
quarter of 2009/10, with sales of EUR 5.0 million in the second quarter of 2010/11, the Bene Group improved sales in Russia and clearly exceeded the reference values of the previous quarters. In total, sales of the first half-year of 2010/11 in the amount of EUR 7.8 million were 54.9 % lower than the previous year´s value (1st HY 2009/10: EUR 17.2 million). As already in previous quarters, the \"other markets\" segment showed a very heterogeneous development in the first six months of the current financial year. Whereas markets such as Middle East, Hungary, Czechia, Ukraine and Switzerland remained below the sales of the reference period of the past year, the Bene Group realised significantly higher sales than in the first half-year of 2009/10 in markets such as Asia, India, Ireland, France,
Belgium or Poland. In total, the \"other markets\" sales dropped by 19.7 % to EUR 13.2 million (1st HY 2009/10: EUR 16.4 million).

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