$MillerKnoll (MLKN.US)$It is for interior furniture. Revenue...
$MillerKnoll (MLKN.US)$It is for interior furniture. Revenue from mergers and acquisitions reached a level in 2022, and the growth rate slowed to 3.6% in 2023. Operating profit shrank sharply by 83.1% in 2022 due to a double surge in costs and expenses, and did not slow down in 2023. It only reached 84% in 2021. Net profit was affected by restructuring, mergers, acquisitions and impairment in 2020 and 2022, and was only 46 million yuan in 2023.
In 2024Q1, revenue shrank by 14.9%, operating profit by 21.4%, and net profit by 41.2%.
Currently, the price-earnings ratio is 43 and the price-earnings ratio TTM55.1 is difficult to be attractive until the aftermath of mergers and acquisitions is eliminated.
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