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
Subscriber access only
Profim sp. z o.o. - timeline of key events

Profim sp. z o.o. - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 470,000,000 | 442,234,734.1 | 469,010,075.4 | 441,486,845.2 | 246,526,575.2 | - | - | - |
| % Revenue Growth (YoY) | - | (5.9%) | 6.1% | (5.9%) | (44.2%) | - | - | - |
| EBITDA (USD) | - | 45,824,131.2 | - | 68,132,241.4 | 28,932,293.2 | - | - | - |
| 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 Type | Deal Status | Target (s) | Deal Date | Investor(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 Sale | Completed | Profim sp. z o.o. | - | ||||||||
| Buyout | Completed | Profim sp. z o.o. | - |
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Profim sp. z o.o. - employee data


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