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Bene announces preliminary estimated annual results

Sunday 15 April 2012

Vienna Stock Exchange listed Bene Group has published a first estimate of its results for the financial year ended on January 31, 2012. In the past business year, after a strong 4th quarter and according to preliminary figures, the Austrian office furniture manufacturer was able to significantly increase sales and EBITDA and achieve a positive EBIT. According to preliminary figures, in the financial year, total sales of the Bene Group rose by around 13 % compared to the prior year (2010/11: EUR 170.8 million). As in previous years, business was again marked by sales cyclicality. In the second half-year of 2011/12, the company again generated materially higher sales than in the first six months.

The strong increase in sales and a balanced spending policy resulted in a positive EBITDA, which is expected to reach approximately EUR 10 million, substantially higher than last year (2010/11: EUR 0.5 million). As a result of the sales growth and a selective control of the product portfolio, the Bene Group significantly improved the EBIT in all segments in comparison with the previous year. Overall, according to preliminary figures, the Bene Group achieved a clearly positive EBIT in the financial year 2011/12 (2010/11: EUR - 8.2 million). The final results for the business year 2011/12 will be published on 15 May, 2012.

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