Teknion posts slow Q1

11 April 2006 Toronto (CAN): Office furniture manufacturer Teknion Corporation has announced a Q1 sales decline of 1 per cent to $134 million, compared to $135.9 million last year.

In the previously announced Q4, sales had reached $173.1 million, the highest quarterly sales in almost five years.

 

The company reported a Q1 loss before income taxes of $7.5 million, compared to a loss of $6.1 million last year.

 

President/CEO David Feldberg said: "First quarter revenue was in line with our expectations. We are encouraged by the strength of the market and the activity we are seeing, and we expect to grow our revenue in 2006."