VDB acquires Nomique Seating

VDB has signed an agreement to acquire 100% shares of Nomique Seating Ltd, a UK company that designs and produces task chairs and soft seating.  VDB Group is Netherland’s largest manufacturer of education and project furniture.

VDB Group has an annual turnover of 70 million euro with 380 employees.
Through the acquisition of Nomique, another 40 employees will join the group.


Read full article here: (OFFICEREPUBLIC) https://officerepublic.news/en/2018/10/vdb-group-acquires-nomique-seating-ltd/

HNI Corporation Reports Earnings for Third Quarter Fiscal Year 2018

HNI Corporation (NYSE: HNI) today announced sales for the third quarter ended September 29, 2018 of $611.1 million and net income of $39.9 million. GAAP net income per diluted share was $0.89 compared to $0.84 in the prior year. Non-GAAP net income per diluted share was $0.90 compared to $0.82 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

Read full article here: (BUSINESS WIRE) https://www.businesswire.com/news/home/20181022005891/en/HNI-Corporation-Reports-Earnings-Quarter-Fiscal-Year

$327.75 Million in Sales Expected for Knoll Inc (KNL) This Quarter

Wall Street analysts predict that Knoll Inc (NYSE:KNL) will announce $327.75 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Knoll’s earnings. The highest sales estimate is $329.10 million and the lowest is $326.40 million. Knoll reported sales of $291.26 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.5%. The firm is expected to announce its next earnings report on Monday, October 22nd.

Read full article here: (MAREA INFORMATIVE) https://www.mareainformativa.com/2018/10/13/327-75-million-in-sales-expected-for-knoll-inc-knl-this-quarter.html

Knoll Appoints Chris Baldwin COO and President of Knoll Office

Knoll, Inc. (NYSE: KNL), a constellation of design driven brands for the workplace and home, announced its appointment of Christopher M. Baldwin as COO and President of Knoll Office. Effective Oct. 8, Mr. Baldwin is responsible for sales, marketing and manufacturing operations for the broad range of Knoll workplace lines and services. He reports to Andrew Cogan, Knoll Chairman and CEO.

Read full article here: (OFFICEINSIGHT) https://officeinsight.com/officenewswire/knoll-appoints-chris-baldwin-coo-and-president-of-knoll-office/

Martela starts co-operation negotiations in its subsidiary in Sweden

Martela Group has decided to further centralize its logistic, finance and sales support functions to Finland. Objective of this change is to streamline the company’s internal processes to better support customer needs. As a part of this change Martela has started co-operation negotiations in Martela Ab in Sweden.

Read full article here: (GLOBENEWSWIRE) https://globenewswire.com/news-release/2018/10/10/1619021/0/en/Martela-starts-co-operation-negotiations-in-its-subsidiary-in-Sweden.html


IFMA Publishes Annual Report for Fiscal Year 2018

The International Facility Management Association (IFMA) has released its annual report for fiscal year 2018 (July 1, 2017-June 30, 2018). The digital report, titled “FY18 Year in Review: Annual Report” is available for download online at http://bit.ly/IFMAannualreport.

Read full article here: (OFFICEINSIGHT) https://officeinsight.com/officenewswire/ifma-publishes-annual-report-for-fiscal-year-2018/

Dorel Home Acquires U.K.-Based Alphason

Enhancing its European business, Dorel Industries’ Dorel Home division has acquired the assets and operations of Alphason, which is based in the United Kingdom.

Read full article here: (HOMEWORLD BUSINESS) https://www.homeworldbusiness.com/dorel-home-acquires-u-k-based-alphason/

INSCAPE (TSE:INQ) Posts Earnings Results

INSCAPE (TSE:INQ) released its quarterly earnings data on Wednesday, September 12th. The company reported C($0.17) earnings per share for the quarter, reports. INSCAPE had a negative net margin of 11.04% and a negative return on equity of 35.39%. The business had revenue of C$21.23 million for the quarter.

Read full article here: (FAIRFIELD CURRENT) https://www.fairfieldcurrent.com/2018/09/21/inscape-inq-issues-earnings-results.html

Steelcase Acquires Orangebox, UK-based Maker of Alternative Furniture and Settings for the Changing Workplace

Acquisition supports growth strategy as Steelcase expands its solutions to support the new ways teams are working

GRAND RAPIDS, Mich., Sept. 20, 2018 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE:SCS) today announced it acquired Orangebox Group Limited, a UK-based designer and manufacturer of furniture for the changing workplace, the latest in a rapid expansion of innovative products designed for the new ways people work. This acquisition provides growth-driven organizations around the world with an even broader range of unique furniture designed to boost collaboration at work and provides Steelcase with an engine to accelerate innovative product development in Europe and around the world.

Read more: (GLOBENEWSWIRE, INC) https://globenewswire.com/news-release/2018/09/20/1573539/0/en/Steelcase-Acquires-Orangebox-UK-based-Maker-of-Alternative-Furniture-and-Settings-for-the-Changing-Workplace.html

Steelcase Reports Second Quarter Fiscal 2019 Results

  • Earnings per share improved 32 percent compared to prior year
  • Revenue and orders grew by double-digit percentages
  • Acquisitions of Orangebox and Smith System provide additional growth potential
  • Third quarter outlook projects double-digit organic revenue growth

GRAND RAPIDS, Mich., Sept. 20, 2018 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $875.8 million and net income of $49.1 million, or diluted earnings of $0.41 per share.  In the prior year, Steelcase reported $775.6 million of revenue and net income of $36.9 million, or diluted earnings of $0.31 per share.

Revenue increased 13 percent, or 8 percent on an organic basis, in the second quarter compared to the prior year.  The Americas posted 15 percent revenue growth, or 9 percent on an organic basis, driven by strong project business from both large and small customers.  EMEA posted revenue growth of 13 percent, or 11 percent on an organic basis, driven by strong project business in Germany, the UK and France, while revenue in the Other category was approximately flat compared to the prior year.

Read full article here: (GLOBENEWSWIRE) https://globenewswire.com/news-release/2018/09/20/1574040/0/en/Steelcase-Reports-Second-Quarter-Fiscal-2019-Results.html