Haworth year-end sales dip 5 percent to $1.3 billion
Haworth announced this morning that its 2012 global sales totaled $1.31 billion. Although it is a decline of 5 percent from 2011 — resulting from the sale of two other companies — Haworth said it is continuing to experience growth around the world.
“We are satisfied with our 2012 results — in what was a challenging economic environment for our industry in many parts of the world,” said Franco Bianchi, Haworth president and CEO.
Holland-based Haworth said it continues to be encouraged by the 2012 growth experienced in Asia and Latin America, as well as in key business segments.
In 2012, Haworth’s Asia Pacific sector launched a new product line called Infinity, and in Europe, Henning Figge was named vice president of Haworth’s business there.
In January 2012, Haworth sold its Castelli brand manufacturing operations in Italy to mutares AG management company, which is based in Germany. Haworth has continued to be distributor of the Castelli brand, however, except in Italy.
In May, Haworth sold its Groupe Lacasse operations in Saint-Pie, Quebec, Canada, to an independent investment group.
Last year was also highlighted by a variety of industry awards presented to Haworth, including the Lifetime Achievement Patron from Architectural Record/American Architectural Foundation and a showroom award from Contract Magazine. Four Haworth products also won Best of NeoCon awards in June.