Knoll Q4 furniture sales recover

Knoll’s expansion into new product lines has paid off for the office furniture maker, as Q4 sales returned to growth.
For the three months ended 31 December 2017, sales in its Office segment rose 9.9% to $198.9 million.
However, adjusted operating profit fell 12% to $15.7 million as one-off impairments, acquisition costs and changes in tax law during the quarter weighed down margins.
For FY2017, the category reported sales of $682.9 million, 6% lower than the previous year, thanks to a poor performance in Q1 and Q2.

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