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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.

Decline in turnover at Ahrend and PontMeyer

Thursday 9 August 2012

In the first quarter of 2012 the investment company Hal Holding experienced a 7.2% decline in turnover to €385m in its other consolidated subsidiaries division. Following adjustments to account for acquisitions, divestments and exchange rate changes, a decline of 3.1% in turnover was recorded. The company considers this decline to be due in the first place to a rather poor development at timber trading business PontMeyer and office furniture manufacturer Koninklijke Ahrend. Specific turnover figures for the individual subsidiaries were not mentioned in the quarterly report, however.

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