EMV: More revenue, fewer shareholders

Purchasing joint venture Europa Möbel-Verbund (EMV) recorded a 2.8% increase in its centrally managed revenue for 2019, up to EUR 1.29 billion. Distributable profit of EUR 16.2 million was up 5.4% versus the previous year, and the company now has 492 shareholders. This number has been decreasing, as at the end of 2018 EMV had 511 SME furniture retailers as its alliance members. Full-range merchant Segmüller joined the alliance in January 2020.

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