Thonet GmbH

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Thonet GmbH - overview

Established

1819

Location

Frankenberg, -, Germany

Primary Industry

Consumer Products

About

Thonet GmbH is a German furniture manufacturer known for its high-quality, timeless designs and sustainable production practices, offering an array of seating and furnishings for diverse environments. Thonet GmbH specializes in the design and manufacture of furniture and was established in 1819 in Frankenberg, Germany. The company has undergone a significant change, with Benner Holding GmbH acquiring a majority stake in January 2022. Brian Boyd serves as the CEO, leading the company's operations.


Thonet has completed three significant deals, with the most recent being in January 2022, further driving its strategic direction. Thonet specializes in the design and manufacture of high-quality furniture, emphasizing timeless aesthetics and sustainable production methods. Their product range includes various seating solutions, tables, and other furnishings suited for offices, cafes, homes, and event spaces. These intricately designed products promote communication and create inviting atmospheres, catering to the needs of architects, interior designers, and commercial enterprises across Europe, North America, and Asia.


In the most recent financial year, Thonet generated revenue of EUR 24,880,191. 90, with an EBITDA of EUR 1,998,818. 90 for 2023. The company earns revenue through direct sales to businesses, including hotels, restaurants, and corporate offices, often involving customized orders that emphasize high-quality materials and craftsmanship.


Thonet plans to expand its product offerings with new designs scheduled for launch in late 2023. The company aims to enter new markets, particularly in Asia and North America, by 2024. The recent acquisition by Benner Holding GmbH will support these initiatives, enhancing operational capabilities and facilitating access to additional resources to drive growth.


Current Investors

Oaktree Capital Management

Primary Industry

Consumer Products

Sub Industries

Furniture

Website

www.thonet.de

Verticals

E-commerce, Manufacturing

Company Stage

Acquired

Total Amount Raised

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Thonet GmbH - timeline of key events

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Thonet GmbH - financials

Fiscal Year EndedDec 31, 2010Dec 31, 2011Dec 31, 2012Dec 31, 2013Dec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023
Revenue (USD)--------------
% Revenue Growth (YoY)--------------
EBITDA (USD)3,856.31,322,071.5684,303.7768,205.2(1,123,690.5)921,568.5301,621.81,703,056.9532,5111,141,247.31,789,077.2---
Operating Income (USD)(554,326.1)837,543159,692.5282,327(1,653,656.5)406,942.2(280,091.7)1,115,297.8(120,747.7)519,565.31,215,943.4---
Operating Margin--------------
% EBITDA Margin--------------
NET Income (USD)(1,683,922.6)138,267.2(238,261.6)(674,262.1)(2,007,019)(96,846.3)(836,367.1)571,563(483,854.7)448,592.9828,440.2---
% Net Margin--------------

Thonet GmbH - 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)
Trade SaleCompletedThonet GmbH-
BuyoutCompletedThonet GmbH-
BuyoutCompletedThonet GmbH-

Displaying 1 - 3 of 3

Thonet GmbH - employee data

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