Steelcase Reports Fourth Quarter and Fiscal 2022 Results

Wednesday, 23 March, 2022

(GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $753.1 million and a net loss of $2.2 million, or $0.02 per share. In the prior year, Steelcase reported revenue of $677.1 million and net income of $6.6 million, or $0.06 per share.


Office furniture giant Flokk acquires Connection, doubling footprint in UK

Tuesday, 01 March, 2022

Flokk, one of the leading European manufacturers of office seating and office furniture products, has acquired UK-based office furniture manufacturer Connection, expanding its footprint in the strategically important UK market and underpinning its international growth strategy. “Having Connection join the Flokk group moves us into the major league of Europe’s second-largest office seating market. We roughly double our size to about EUR 30 million in the key UK market. The transaction is another example of Flokk continuing to consolidate the fragmented European office seating market through targeted and value-creating acquisitions of attractive companies and brands,” says Lars I. Røiri, CEO of Flokk.