Knoll reports robust recovery in demand and profitability

USA (Notifix).- Knoll, Inc. announced results for the fourth quarter and year ended December 31, 2010. Net sales were US $239.8 million for the quarter, an increase of 30.4%

from fourth quarter 2009. Operating profit was US $24.2 million, or 10.1% of net sales, an increase of 112.3% from the fourth quarter 2009. Excluding restructuring charges of US $1.7 million, adjusted operating profit was US $25.9 million during the fourth quarter of 2010, or 10.8% of net sales, an increase of 73.8% when compared to adjusted operating profit from the fourth quarter of 2009. Net income was US $10.8 million, an increase of 170.0% when compared with the fourth quarter of 2009.

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