Poltrona Frau Group reports 10% sales growth in 2013
Italian luxury furniture and interior furnishing group Poltrona Frau reports a record quadrupled net profit in 2013 compared to 2012, from 1,1 million euros to 4,5 million euros. The group recorded a sales increase of 10,4% in 2013 compared to 2012, reaching a total of 278 million euros. Poltrona Frau Groups EBITDA increased 23 percent in 2013 to 32 million euros.
All the companies divisions, including Residential, Luxury in Motion and Luxury Interiors (specialized in hospitality) registered steady increases in performance in 2013. Poltrona Frau Group is presently in the process of completing the acquisition of its majority stake by U.S. based Haworth Group.