Strong half-year results from Ekornes

PostedOn Stressless Jazz

Ekornes ASA delivers a strong result for the first half of 2009, with increased orders for product areas Svane mattresses and Stressless chairs.

Ekornes received orders worth NOK 1,317 million in the first half of 2009, compared to NOK 1,287 million during the same period in 2008.

- This is highly satisfactory, especially regarding the fact that the furniture market remains difficult, both in Norway and internationally, says CEO Øyvind Tørlen.

Ekornes generated an operating profit of NOK 187.7 million, which amounts to 14.9 per cent of the gross operating revenues of NOK 1,263.1 million.

Strengthened through the financial crisis

The Group delivers a strong result for the first half of 2009, but the market remains demanding and insecure. Still, Ekornes has expectations of exiting the financial crisis as a strengthened company.

- We have well-known brands, a strong sales and marketing system, low debt and a strong balance. Combined with a modern, efficient production and skilled, motivated personell, this gives us a competitive edge, Øyvind Tørlen says.