Palmberg invests almost €15m in 2019 financial year

20.01.2020 − 

Palmberg Büroeinrichtungen+Service made investments to the value of €14.6m in the 2019 financial year, representing an increase of one third on the previous year. The biggest individual projects included completion of the facilities for acoustic components and softseating solutions in Rehna. At the Schönberg headquarters, furthermore, one of the two production lines in prefabrication (Flex 1) was exchanged during the summer holiday period, and in the fourth quarter assembly of a new container system was completed.

For the further expansion of office furniture production in Schönberg, Palmberg has already started with initial planning for an additional production building. Construction of building 8 is expected to be concluded in 2022. In the meantime the comparatively high investment volume of the last two years is being reduced. For the current financial year investments to the amount of approximately €2m are estimated.

Turnover to the amount of €108.2m was generated, thus exceeding the level of the preceding year by 2.2%. The export rate in the last two years was around 9%. In this area activities in Austria have developed along particularly positive lines. In Switzerland and the Benelux states, by contrast, there was little change in turnover development recently.

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