Coronavirus Update: Italian factories operating at normal hours

3/9, 2:40 PM (Source: GlobeNewswire)

Knoll-2.32%

14.74
Chart for: Knoll Inc

EAST GREENVILLE, Pa., March 09, 2020 (GLOBE NEWSWIRE) -- Knoll, Inc., (NYSE:KNL), Knoll operates two factories in Italy, which produce office and studio product to be sold primarily into the European market. One factory is located within the quarantine zone outside of Milan and accounts for approximately $15 million USD in annual sales. Both factories currently remain open and operating during normal hours. 

Knoll, Inc. has approximately $200 million USD of annual sales on a consolidated basis in the European market, which includes multiple brands and production sources outside of Italy.

About Knoll

Knoll, Inc. is a constellation of design-driven brands and people, working together with our clients to create inspired modern interiors. Our internationally recognized portfolio includes furniture, textiles, leathers, lighting, accessories, and architectural and acoustical elements. Our brands — Knoll Office, KnollStudio, KnollTextiles, KnollExtra, Spinneybeck | FilzFelt, Edelman Leather, HOLLY HUNT, DatesWeiser, Muuto, and Fully — reflect our commitment to modern design that meets the diverse requirements of high performance workplaces and luxury interiors. A recipient of the National Design Award for Corporate and Institutional Achievement from the Smithsonian`s Cooper-Hewitt, National Design Museum, Knoll, Inc. is aligned with the U.S. Green Building Council and the Canadian Green Building Council and can help organizations achieve the Leadership in Energy and Environmental Design (LEED) workplace certification. Our products can also help clients comply with the International Living Future Institute to achieve Living Building Challenge Certification, and with the International WELL Building Institute to attain WELL Building Certification. Knoll, Inc. is the founding sponsor of the World Monuments Fund Modernism at Risk program.

Investors:

Charles Rayfield
Senior Vice President and Chief Financial Officer
Tel 215 679-1703
crayfield@knoll.com

Media:

David E. Bright
Senior Vice President, Communications
Tel 212 343-4135
dbright@knoll.com

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