Furniture

Ikea generates 2.4% turnover increase in Germany

13.12.2017 − In the 2016/2017 financial year (31 August) Ikea Group generated in Germany a turnover of €4.867bn. » more

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German Alno group set to go out of business

08.12.2017 − The process to find an investor for insolvent Alno group has not reached a successful conclusion: the final remaining bidder did not submit an offer by the deadline. » more

Belgium: Furniture industry turnover decreased

30.11.2017 − According to preliminary information, the Belgian furniture industry experienced a minimal decline of 0.4% in turnover to €1.262bn in the first half vis à vis the comparative period of the preceding year. » more

Pino Küchen works to open by early December

23.11.2017 − Following the takeover by Spinarella Küchen, kitchen production at the Coswig facility formerly trading under the name of Pino Küchen is to be resumed in the next few weeks. » more

Minor growth in US furniture industry’s orders in August

16.11.2017 − The volume of orders received by the US furniture manufacturers geared to the residential sector in August was 1% higher than in the same month of last year at 2.238bn $. » more

Alno gives leave of absence to some 400 employees

09.11.2017 − Roughly 400 employees of insolvent Alno have been given leave of absence (LOA) with effect from 24 October due to inadequate liquidity. » more

Kitchen furniture industry turnover decline in August

03.11.2017 − In August turnover in the German kitchen furniture industry decreased once again by 4.7% vis à vis the preceding year to €315.6m. » more

German furniture exports stagnated at 2016 level in July

27.10.2017 − German furniture exports in July remained stable at last year’s level. » more

Chinese Nison group to buy majority stake in SieMatic

24.10.2017 − Chinese Nison group wants to acquire a majority stake in German premium kitchen manufacturing specialist August Siekmann (SieMatic). » more

Leicht set to invest €40m in new assembly facility

20.10.2017 − German Leicht Küchen intends to build a new assembly facility in the Gügling Nord industrial park in Schwäbisch Gmünd.» more

Ikea intends to double production in Kazlu Ruda

17.10.2017 − Ikea Industry Group, in which the wood-based panels and furniture production of the Ikea Group is consolidated, intends to double the production capacities of the furniture plant in Kazlu Ruda, Lithuania. » more

Investor group led by Nobilia taking over Pino Küchen

10.10.2017 − German Pino Küchen belonging to insolvent Alno group is to be sold as part of an asset deal with retroactive effect from 1 October to a group of investors led by Nobilia-Werke J.Stickling. » more

Production standstill at Alno plants since mid-September

18.09.2017 − The preliminary insolvency administrator appointed in the insolvency proceedings for the four companies of Alno temporarily discontinued production at the three production locations.» more

Alno’s EBITDA seriously in the red in 2016 financial year

31.08.2017 − On 18 August, following several postponements, Alno finally presented the annual accounts together with the group financial statement for 2016. » more

Larger turnover fluctuations in the furniture industry

14.08.2017 − In April and May, the German furniture industry showed even greater year-on-year fluctuations in turnover than in the first quarter. » more

Nobia turnover increases in north only in Q2

09.08.2017 − During the second quarter net turnover of Swedish Nobia remained at virtually the same level as the preceding year at SEK3.408bn. » more

Turnover stagnates and results decline at Forte

07.08.2017 − Following the slightly downward trend at the be-ginning of the year, the Polish Fabryki Mebli Forte showed consolidated turnover in the second quarter of 2017 at an unchanged level year on year. » more

Howdens records 4.6% turnover rise

03.08.2017 − Total turnover of British Howden Joinery (Howdens) increased by 4.6% in the first 24 weeks of the 2017 financial year (30 December) vis à vis the comparative period of the preceding year to £553.0m. » more

Kitchen industry achieves strong turnover growth

31.07.2017 − Turnover generated by the German kitchen-furniture industry showed double-digit-percentage growth again in May 2017, rising year on year by 10.7% to €435.8m. » more

Alno & Wellmann file self-administration applications

26.07.2017 − Alno applied for the opening of restructuring proceedings in self-administration at Hechingen district court on 12 July. » more

Corporate changes influencing kitchen business

20.07.2017 − Cumulated over the period of January to June, German kitchen manufacturers mostly registered growth in receipts of orders compared to a year earlier. » more

Nieburg Küchen: Talks with interested parties break down

17.07.2017 − Talks held with a Chinese potential buyer of insolvent German Nieburg Küchen, were ended in June without result, whereupon the creditors' meeting decided on 21 June to shut down the company with effect from 31 » more

Austria: Furniture production grew by 8.8% in 2016

14.07.2017 − In terms of volume, furniture production in Austria increased over the entire period of 2016 by 8.8% to €1.998bn according to preliminary figures of the association of Austrian furniture industry.» more

German furniture exports to the USA down by 17.1%

11.07.2017 − On the basis of data from the Federal Statistics Office the German Furniture Industry Association (VDM) reports that deliveries to the USA declined most sharply in the first quarter, at 17.1% to €101.7m.» more

Upholstered furniture turnover down by 13.3%

06.07.2017 − Turnover of the German upholstered furniture industry declined by 13.3% to €85.8m in April which is therefore the second time in the course of the year so far that it has declined at a double-digit rate. » more

Furniture exports up again by 1.3% in March

29.06.2017 − According to the Association of the German Furniture Industry (VDM), German furniture exports increased again by 1.3% in March 2017. » more

Steinhoff’s turnover up due to takeovers

15.06.2017 − Turnover of Steinhoff International Holdings increased in the first half of the 2016/2017 financial year by 48% vis à vis the comparative quarter of the preceding year to €10.2bn. » more

Double-figure reduction in furniture exports in February

12.06.2017 − According to information from association of the German furniture industry VDM, German exports of furniture in February were 10.1% lower than in the same month of last year. » more

Choppy trading in the German furniture industry

09.06.2017 − Total sales revenue generated by the German furniture industry rose consistently in the first quarter.» more

Homag lands big order from China’s Oppein Group

22.05.2017 − Chinese Oppein Home Group has ordered a total of 307 stand-alone machines with a total value of €30m from German Homag Group. » more