e-monitor Special Feature 3 November 2006

   
New listing: BENE AG part of the prime market

 


As of 3 November 2006, BENE AG has been included in the prime market of Wiener Börse. The offer price for the BENE share was set at EUR 5.50. The first price was EUR 5.60.
[» current price information].

About BENE AG

BENE — ONE OF EUROPE’S LEADING OFFICE ENVIRONMENT BRAND

Renowned as a furnisher of office and work environments, Bene is the unchallenged Austrian market leader and ranks sixth in Europe. The group owes its success to steady growth, systematic international expansion and ground-breaking product developments. Bene believes that there is a clear connection between office and workplace design, corporate culture and business success. Working with its customers and partners in Austria and abroad, it develops design concepts, products and services that put this philosophy into practice.

The company has one of the strongest European direct sales networks in the industry, giving it a significant advantage over competitors whose distribution is mostly via dealers. The Bene Group markets a comprehensive product range, as well as a wide portfolio of services including expert consultancy aimed at creating work environments that reflect clients’ corporate cultures, via 34 proprietary sales outlets and 40 retail partners in a total of 29 countries. Where necessary, Bene complements its own lines, which are designed for its main markets — Austria, Germany, Russia and the UK — with selected third-party products from other well-known brands.

The complete integration of Bene’s distribution, project and production operations across a modern IT system enables the group to meet clients’ most exacting requirements in terms of comprehensive customised solutions. Behind the planning and implementation of these concepts is a workforce of over 1,200 led by an experienced management. This business model, which is geared to sustainable earnings growth, has enabled Bene to significantly outperform the office furniture market over the past few years.

Since the 1960s Bene has successfully pursued a strategy based on continuous growth, strong international expansion and innovation, focusing on a wide range of system solutions tailored to customer requirements. This approach brought the group Austrian market leadership by 1980, and it has since made major strides towards globalisation by progressively rolling out an international sales network. By 2000 it was apparent that growth would call for increased efficiency, and decisive action has been taken. Expansion of the production site in Waidhofen an der Ybbs and implementation of a modern IT system has enabled Bene to streamline its processes and carry out a complete changeover to just-in-time manufacturing. Today the Waidhofen factory is one of the most modern in the European furniture industry. It has given Bene a strong platform for its drive to become Europe’s leading work environment brand.

For more information please visit: bene.com and www.wienerborse.at

 
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