Furniture

Furniture industry: turnover well up at end of year

05.03.2021 − Already observable since the third quarter, the strong growth in incoming orders within the German furniture industry became increasingly evident in the turnover figures towards the end of the year. » more

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Manufacturers do better on the domestic market

04.03.2021 − In the 2020 financial year, the three large kitchen furniture manufacturers Nobilia, Häcker and Schüller again developed along better lines than the industry as a whole. » more

Russia imports 5% less furniture in Q3

23.02.2021 − In the third quarter of 2020, the value of Russian furniture imports decreased by 5% vis à vis the preceding year to US$467.5m.» more

Retail closures leaving their mark on output after all

22.02.2021 − German furniture manufacturers have ended up having to adjust their output, after all, to reflect reduced ordering in the wake of restrictions imposed on furniture shops since the beginning of January. » more

Further growth for furniture industry in Germany, abroad

16.02.2021 − The upward trend in the German furniture industry, which has been ongoing since August, intensified in November. » more

Lars Larsen Group turnover grew by 9%

15.02.2021 − Group turnover of Lars Larsen Group rose by 9% to €4.77bn in the 2019/2020 financial year.» more

Maisons du Monde: lockdown leads to turnover decline

12.02.2021 − In the fourth quarter of 2020, according to preliminary information, turnover of Maisons du Monde decreased by 1.5% to €372m. » more

ScS turnover increases by 13.9% in first half year

08.02.2021 − In the first 26 weeks since the beginning of the 2020/2021 financial year on 26 July, gross turnover of British upholstered furniture and flooring trader ScS Group increased by 13.9% to £182.3m.» more

Reform Furniture receives funding of €10m

05.02.2021 − Danish Reform Furniture has received financing of €10m from state investment fund Vaekstfonden. » more

Office furniture manufacturers expect poor first half

04.02.2021 − German manufacturers of office carcass furniture and office seating generally recorded growth in incoming orders during the fourth quarter. » more

Germany extends lockdown until mid-February

01.02.2021 − Due to continuing high numbers of corona infections and mutated virus variants, participants in the federal-state conference reached the decision again to extend the hard lockdown.» more

Swedish furniture exports decrease by 5%

29.01.2021 − In the third quarter, the value of Swedish furniture exports declined by 5% vis à vis the preceding year to SEK4.580bn.» more

Development of furniture sector exceeds expectations

28.01.2021 − The German furniture industry and the furniture trade closed the entire year 2020 better than had been expected following the outbreak of the corona crisis and the associated restrictions. » more

Retail closures making a dent into producers’ order intake

21.01.2021 − The German Government’s decision to close brick-and-mortar retail shops again has so far had little impact on production activity within the furniture industry.» more

Kimball wrapped up Poppin acquisition in early December

15.01.2021 − Kimball International completed its takeover of Poppin in December after announcing this deal in early November. » more

Howdens not fully recovered from turnover declines yet

11.01.2021 − The positive development in demand recorded since the third quarter for Howden Joinery Group (Howdens) continued in November.» more

Ikea sales revenue 7 % down in France in 2019/2020

08.01.2021 − Sales revenue generated by the national subsidiary of Ikea in France fell 7 % below the previous year’s figure in its business year 2019/2020 (31 Aug.) at €2.790bn.» more

Spain: living room furniture imports increase by 4.7%

05.01.2021 − In the third quarter, the value of Spanish living room furniture imports increased by 4.7% to €805.4m. » more

Forte shares transferred to Swiss Holding

18.12.2020 − With effect from 2 December, MaForm Holding Luxembourg, which is involved in Fabryki Mebli Forte, was taken over by MaForm Holding AG. » more

XXXLutz’ involvement in Roller conditionally authorised

14.12.2020 − On 25 November, the Federal Cartel Office gave its conditional approval of XXXLutz group’s planned acquisition of a 50 % stake in Tejo Möbel and Roller belonging to Tessner Holding.» more

Self-service/flatpack: extended delivery times

11.12.2020 − The high demand felt by manufacturers and sales companies in the self-service/discount and the flatpack/young living segments continued throughout the summer months and indeed intensified yet again in autumn.» more

MasterBrand Cabinets plans new plant in Georgia

07.12.2020 − MasterBrand Cabinets, which belongs to Fortune Brands Home & Security is to build a new production and logistics centre at its Jackson location in the US state of Georgia.» more

Leicht anticipates 4% decline in turnover for 2020

07.12.2020 − Leicht Küchen expects to generate turnover of approximately €143m over the entire period of 2020, with a total, meanwhile, of some 670 employees. » more

Home24 upwardly adjusts 2020 forecast again

04.12.2020 − For 2020 as a whole, online furniture retailer Home24 now expects turnover growth - adjusted to account for currency fluctuations - of 38-42%, and an adjusted EBITDA margin of 2-4%.» more

Ingka Group: net profit decreases by one-third

03.12.2020 − In the 2019/2020 financial year (31 Aug.), the Ingka Group achieved turnover of €37.4bn across all three business divisions Ikea Retail, Ingka Investments and Ingka Centres.» more

Nobia turnover declines by only 5% in the third quarter

30.11.2020 − Following a 27% turnover drop in the second quarter, Swedish kitchen furniture manufacturer Nobia benefited from a recovery in individual markets and segments over the course of the third quarter. » more

Kimball International intends to acquire Poppin

23.11.2020 − The purchase price amounts to US$110m cash plus additional payments up to a maximum of US$70m if certain turnover and profit targets are met by 30 June 2024. » more

Ikea Deutschland turnover up by 0.9%

18.11.2020 − In the 2019/2020 financial year (31 Aug.), turnover of Ikea Deutschland increased by 0.9% to €5.325bn despite the corona-related closure of its brick-and-mortar stores for almost two months in spring.» more

Belgium: decline in furniture imports intensifies

16.11.2020 − In the second quarter, the value of Belgian furniture imports decreased by 17% vis à vis the preceding year to €519.1m. » more

Considerable decline in Polish furniture exports

13.11.2020 − In the second quarter, the value of Polish furniture exports dropped by more than one quarter vis à vis the preceding year to €2.112bn. » more