Bene Still in the Red

IndustrialsIndustrial Goods ♦ Published: April 7, 2011; 06:33 ♦ (Vindobona)

The Austrian furniture company could improve its results slightly. However, EBIT is still negative. Turnover decreased by 5%.

Bene Still in the Red / Picture: © Bene Furniture

The Bene Group, a listed company on the Vienna Stock Exchange, announced at an institutional investor´s meeting today their initial assessments of the results of the financial year 2010/11, which ended on 31 January 2011.

The company stated that turnover in the prior financial year may have decreased slightly by approximately 5% (2009/10: EUR 179.3 million). While turnover fell…