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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.

Knoll 1st quarter sales up 26%; profit quadruples

Thursday 14 April 2011

Office furniture manufacturer Knoll Inc.'s first-quarter net income increased more than four-fold as the improving US economy boosted demand for the company's modular office equipment.
Knoll, based in East Greenville, Pa., said on Friday that business has been brisk enough to expand its backlog of outstanding orders by 24% compared with the same period a year earlier.
Knoll's net income for the quarter that ended March 31 jumped to $9.2 million, or 20c per share, from $2.2 million, or 5c per share a year earlier.
Knoll's sales rose 26%, to $220.9 million from $175.3 million in 2010's 1st quarter. The strongest sales growth came in office systems, the company said.
Knoll designs and manufactures furniture, textiles and leather used in offices and homes. It offers modular office furniture with moveable components, power and data systems and lighting. Its customers include large companies, government agencies, schools, hospitals and hotels.
Knoll shares leaped $2.05, or 10.5%, to close Friday at $21.63.

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