Infurn Holdings PLC
Infurn Holdings PLC : INFURN HOLDINGS PLC posts positive earnings for the first half of 2011. Outlook for full year favourable.
Infurn Holdings PLC / Key word(s): Miscellaneous 15.11.2011 / 20:30 --------------------------------------------------------------------- INFURN HOLDINGS PLC, holding company of the INFURN Group, has reported positive earnings for the fiscal six-month period to 30 June 2011. The Group's activities, which include sales of designer furniture reproductions on INFURN.com, generated solid turnover of EUR 2,000,000 and the company gained 25,000 new customers in the last two months. This is a massive growth rate and INFURN expects to continue expanding for the remainder of the year as brand awareness increases and more and more users are convinced by its high-quality products. The company also anticipates good results for the full year 2011, predicting turnover of EUR 8,000,000. Year-on-year growth since 2010 is therefore forecast at a positive 293%. INFURN is a profitable company since February 2011. Customer acquisition will continue to be at the forefront in the remainder of 2011 and beyond and the company intends to grow its customer base to 125,000 by the end of the fiscal year. This reflects the success of its business model and lays the foundation for a great 2012 in which INFURN HOLDINGS PLC will broaden its product range and consolidate its market position. About INFURN INFURN HOLDINGS PLC has specialized as an investment company in the areas of trade, production and import of goods and establishes traditional businesses by using innovative technologies. Through strategic investments, subsidiaries remain permanently independent and record steady growth in profits. It currently owns the subsidiaries Designfurn Limited, which operates the INFURN online -store, INFURN (Hong Kong) Limited, specializing in the production and export of designer furniture, mainly based in South China, and INFURN (UK) Limited, which controls the group's traditional stores in Europe. INFURN HOLDINGS PLC boasts a highly skilled management team of young and extremely successful entrepreneurs experienced in the New Economy. For more information about INFURN HOLDINGS PLC, visit the company's websites www.infurn-‐holdings.com and www.infurn.com. ** END OF PRESS RELEASE ** Infurn Holdings plc is an independent, exchange listed company operating in the segment 'E-commerce, furniture with focus on designer furniture '. This news release may contain certain forward-looking statements, expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the management of Infurn Holdings plc as of the date hereof, and actual results may vary based upon future events, both within and without the control of the management, including risks and uncertainties that could cause actual results to differ materially. Management does not take any responsibility to update the contents of this News Release in case new aspects arise or new conditions change the facts available. Registered Office: INFURN HOLDINGS PLC 72 New Cavendish Street London, W1G 8AU United Kingdom Email: press@infurn-holdings.com www.infurn-holdings.com ISIN GB00B3ZMNP79, WKN A1H95K, Kürzel 0IU Börsenplätze: Frankfurt End of Corporate News --------------------------------------------------------------------- 15.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 146502 15.11.2011
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