Welcome to JSA Consultancy Services

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 second-quarter earnings fall 40%

Tuesday 16 July 2013

Knoll's financial results have continued to be disappointing in recent quarters because of soft demand from government and financial-services clients. Known for its distinctive designs, the company also has been making efforts to diversify its business. It partly attributed the decline in its latest results to investment spending, which is intended to help with longer-term growth.
Knoll reported a profit of $7.9 million, or 17 cents a share, down from $13.1 million, or 28 cents a share, a year earlier. Excluding restructuring charges, the year-earlier earnings were 22 cents a share. Sales fell 3% to $214.3 million.
Gross margin narrowed to 32.6% from 33.7%.
Office sales, the biggest top-line contributor, dropped 3.8% to $148.1 million, which the company attributed to the decline in sales to governmental agencies. Meanwhile, studio segment sales fell 5.1% to $37.2 million amid weakness in Europe, and coverings sales were up 3.9% at $29 million on strength at its leather units.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.



moreLatest News

Thursday 8 March 2018 Herman Miller International exec to retire

ZEELAND — A member of the executive team at Herman Miller Inc. has announced

Tuesday 27 February 2018 Naughtone Placed No. 22 in the Sunday Times Lloyds SME Export Track 100

naughtone, a furniture design and manufacturing company based in Knaresborough, North Yorkshire,

Wednesday 21 February 2018 Takkt AG acquires Brittish Equip4Work

Takkt AG has acquired 100 percent of the shares of Equip4Work Ltd. Signing and closing of the tra

Tuesday 20 February 2018 Steelcase survey reveals informal space trend

A recent study by office furniture vendor Steelcase has shed some light on what people really wan

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England

+44 (0) 20 7688 1928