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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.

Sedus Stoll reports 2.4% sales decline

Monday 5 May 2014

Office furniture manufacturer Sedus Stoll has recorded a decline in sales for 2013 of 2.4% to € 158.2 million. The Sedus seating business which includes office headquarters, communications and commercial furniture, sales in Germany fell by 7.4%, while international sales remained almost stable with a decline of 0.3%. The office furniture ranges "Sedus Systems" saw sales in Germany increase 2.7%, whereas for the rest of the world sales declined 1.8%. Although the autonomously operating office furniture manufacturer Klöber increased its sales in Germany by 4.1%, exports suffered a decline of 11.2%. The operating profit of Sedus Stoll has declined as a result of restructuring costs by almost 67% to € 0.9 million. For 2014, the company expects a slight sales growth over 2013.

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