TCM Group records reduction in earnings for first quarter

In the fourth quarter of the 2021/2022 financial year (ending April), US kitchen and bathroom furniture manufacturer American Woodmark Corp. (Winchester, Virginia), recorded a year-on-year turnover increase of 6.0% to US$501.7m (Feb.-April 2021: 473.4m). Ongoing high demand still contrasted with cost increases for...

German furniture manufacturers continued to benefit from heavy demand until the end of May 2022. This did not significantly reduce in the rest of the first half-year the high order backlog carried over into the new year. Efforts to work off the orders by means of additional work on Saturdays  or, where possible, taking...

In the first phase of expanding production operations at the company head office in Herrieden, Schüller Möbelwerk KG has invested a total of €140m, mostly in the new production halls and the plant and machinery  installed to date. Production at the new hall complex, built since the beginning of 2020 and named...