Profim sp. z o.o.

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Profim sp. z o.o. - overview

Established

1991

Location

-, -, Poland

Primary Industry

Consumer Products

About

Profim sp. z o. o. is a Polish company specializing in the design and manufacture of ergonomic office chairs that enhance workplace comfort and productivity through innovative design and functionality.


Profim sp. z o. o. was founded in 1991 and operates in Poland, focusing on ergonomic office furniture solutions.


The company was acquired by Flokk AS in February 2018 from Innova Capital, which retains a minority share. The company has completed two deals since its inception, with the latest deal occurring on February 28, 2018. Profim's headquarters is located in Poland. Profim specializes in the design and production of comfortable and ergonomic office chairs characterized by their innovative aesthetics and functionality.


The company offers a range of office seating solutions tailored to enhance workplace ergonomics, promote collaboration, and foster creativity. These products are designed to meet the evolving needs of modern work environments, integrating sustainable materials and cost-efficient manufacturing processes. Profim’s client base includes corporations, small to medium-sized enterprises, and individual consumers across various markets, including Europe, North America, and select regions in Asia. Their focus on creating a cohesive environment through diverse product lines positions them to serve a wide array of end-users, from corporate offices to home office setups.


In 2023, Profim reported a revenue of USD 93. 28 mn, with an EBITDA of USD 5. 05 mn. The company generates revenue primarily through direct sales of ergonomic office furniture to businesses and individual consumers, operating mostly on a B2B model.


Profim engages in partnerships with retailers and wholesalers to extend its market reach, with pricing structures reflecting the complexity and features of their designs, especially for flagship offerings that command premium pricing due to their unique ergonomic benefits and sustainable design. Profim is focused on introducing new products designed to further enhance workplace ergonomics and aesthetics. The company plans to expand into new geographic markets, aiming to penetrate more regions in North America and Asia by 2025. The proceeds from the acquisition by Flokk AS will be utilized to support these initiatives, specifically in product development and market expansion strategies.


Current Investors

Innova Capital, Triton, Flokk AS

Primary Industry

Consumer Products

Sub Industries

Furniture

Website

www.profim.eu

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

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Profim sp. z o.o. - timeline of key events

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Profim sp. z o.o. - financials

Fiscal Year EndedDec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023
Revenue (USD)470,000,000442,234,734.1469,010,075.4441,486,845.2246,526,575.2---
% Revenue Growth (YoY)-(5.9%)6.1%(5.9%)(44.2%)---
EBITDA (USD)-45,824,131.2-68,132,241.428,932,293.2---
Operating Income (USD)-25,010,135.6-28,565,250.8(5,353,001.7)---
Operating Margin-5.7%-6.5%(2.2%)---
% EBITDA Margin-10.4%-15.4%11.7%---
NET Income (USD)-12,187,244.1-30,297,701.5(13,614,601.9)---
% Net Margin-2.8%-6.9%(5.5%)---

Profim sp. z o.o. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedProfim sp. z o.o.-
BuyoutCompletedProfim sp. z o.o.-

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Profim sp. z o.o. - employee data

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