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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.

SB Seating announces 1st half 2014 results

Sunday 17 August 2014

Sales of the Swedish owned office furniture company Scandinavian Business Seating fell 1.2% in the first half-year 557 million skr (59m Euros). 1st and 2nd quarter sales were equal at approximately 288 million skr. 2nd quarter EBITDA of 41m skr was 24% below the same quarter last year; EBITA margin on sales fell to 18% (20%). The company attributed the EBITA decline in part to high sales organization expenditure. Triton, a private equity firm, are in negotiation to buy an 85% stake in SB Seating for 955 million skr; an agreement was signed in July. The transaction will be completed upon granting of regulatory approval in the third quarter.

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