Sedus Stoll Group: Positive interim results
Sedus Stoll Group has enjoyed positive business and revenue growth in the 2018 financial year. As at the end of October, orders had risen by 5.0 percent to EUR 178.5 million compared to the previous year. At EUR 175.8 million, corresponding revenues had grown by 12.4 percent year-on-year, due in part to a healthy order book dating back to the end of 2017.
Total orders in the seating division (office seating, contract furniture and conference furniture, comprising around 47 percent of the Group’s total sales) remained at the previous year’s overall level, although there was a distinction between the firm’s German and overseas markets. While domestic orders declined by 7.2 percent, orders from abroad developed very positively with an increase of 8.2 percent.
The systems division (workstations, tables, cupboards and wall unit systems, room-in-room systems, partitions, privacy screens and acoustic elements, with a sales share of around 40 percent) continued to grow at a double-digit rate of 11.4 percent overall. Very positive growth rates were recorded both in Germany (13.3 percent) and overseas (8.9 percent).
Incoming orders at Klöber GmbH were slightly above the previous year’s level.
Despite higher trade fair and other costs, the results for Sedus Stoll Group at the end of October exceeded the corresponding figures for the previous year. For the remainder of 2018, the Sedus Board of Management expects incoming orders and sales to continue in the same way to ensure yet another great year for the company.
Successful appearance at the ORGATEC trade fair
The figures for the ORGATEC office trade fair, which takes place every two years in Cologne, also confirms that Europe’s office design sector is doing well. With over 63,000 trade visitors from 142 countries, the KölnMesse recorded an increase in visitor numbers of over 15 percent.
Sedus was one of the show’s main draws with the number of visitors recorded at the Sedus stand growing by 23 percent compared to 2016.
Over recent years, ORGATEC has undergone a transformation from a primarily product-based show to a themed and knowledge-led business event offering new, creative ideas and practical solutions.
Sedus’s 1,300 m² stand was designed as an inspiring feel-good oasis, with a total of twelve new products, confirming its expertise as a furnishing specialist offering forward-looking workplace concepts. These include se:connects 2.0, an innovative workstation and room booking system, which makes Sedus one of the world’s most pioneering office furniture manufacturers in the digitalisation of the workplace.