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Herman Miller Inc Company Profile and SWOT Analysis Herman Miller Inc Herman

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This SWOT analysis and company profile is a crucial resource for industry executives and anyone looking to gain a better understanding of the company's business. WMI's 'Herman Miller, Inc.: Company Profile and SWOT Analysis' report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. WMI strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report.

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									Herman Miller, Inc.

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Herman Miller, Inc.                                                              Financial Snapshot

                                                                                 Operating Performance
Fast Facts
                                         855 East Main Avenue, Zeeland,          The company reported revenue of US$1,649.20
Headquarters Address
                                         49464,United States of America          million during the fiscal year 2011 (2011). The
                                                                                 company's revenue declined at a compounded rate of
Telephone                                + 1 616 6543000
                                                                                 3.72% during 2007–2011, with an annual growth of
                                                                                 25.05% over 2010. In 2011, the company recorded an
Fax                                      + 1 616 6543632                         operating margin of 7.48%, as against 4.06% in 2010.

Website                                  www.hermanmiller.com
                                                                                 Revenue and Margins
Ticker Symbol, Stock Exchange            MLHR, NASDAQ

Number of Employees                      5,460

Fiscal Year End                          May

Revenue (in US$ million)                 1,649.20




SWOT Analysis

Strengths                                Weaknesses
                                         Overdependence on the domestic
Decreasing indebtedness
                                         market
                                         Overdependence on the North
Focus on research and development
                                         American Furniture Solutions division

Strong liquidity position

Strong operating performance

Opportunities                            Threats

Growing housing demand in Canada         Shortage of skilled labor

Growing Mexican economy                  Stringent regulations

Growth in German furniture industry

Growth Prospects in China and India

Rising demand of senior housing in the
US




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Herman Miller, Inc. - SWOT Profile                                                                                     Page 1
Herman Miller, Inc.

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Operational Efficiency ......................................................................................................................................13
      2.2.5       Solvency ..........................................................................................................................................................14
      2.2.6       Valuation ..........................................................................................................................................................15
    2.3       Key Competitors ...................................................................................................................................................16
3     Mergers & Acquisitions and Partnerships ........................................................................................... 17
    3.1       M&A and Partnerships Strategy ...........................................................................................................................17
4     Recent Developments ........................................................................................................................... 18
5     SWOT Analysis ...................................................................................................................................... 20
    5.1       SWOT Analysis - Overview ..................................................................................................................................20
    5.2       Strengths ..............................................................................................................................................................20
    5.3       Weaknesses .........................................................................................................................................................20
    5.4       Opportunities ........................................................................................................................................................21
    5.5       Threats .................................................................................................................................................................22
6     Company Statement .............................................................................................................................. 23
7     History .................................................................................................................................................... 25
8     Key Employees ...................................................................................................................................... 27
9     Key Employee Biographies................................................................................................................... 29
10    Locations and Subsidiaries .................................................................................................................. 30
    10.1      Head Office ..........................................................................................................................................................30
    10.2      Other Locations and Subsidiaries ........................................................................................................................30
11    Appendix ................................................................................................................................................ 32
    11.1      Methodology .........................................................................................................................................................32
    11.2      Ratio Definitions ...................................................................................................................................................32
    11.3      Disclaimer.............................................................................................................................................................36




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Herman Miller, Inc. - SWOT Profile                                                                                                                                          Page 2
Herman Miller, Inc.

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List of Tables

Table 1: Major Products and Services....................................................................................................................................6
Table 2: Key Ratios - Annual ..................................................................................................................................................7
Table 3: Key Ratios - Interim ..................................................................................................................................................9
Table 4: Key Capital Market Indicators ..................................................................................................................................9
Table 5: History.....................................................................................................................................................................25
Table 6: Key Employees .......................................................................................................................................................27
Table 7: Key Employee Biographies ....................................................................................................................................29
Table 8: Subsidiaries ............................................................................................................................................................30
Table 9: Locations ................................................................................................................................................................31




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Herman Miller, Inc. - SWOT Profile                                                                                                                                         Page 3
Herman Miller, Inc.

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List of Figures

Figure 1: Revenue and Operating Profit ...............................................................................................................................10
Figure 2: Financial Position ..................................................................................................................................................11
Figure 3: Net Debt vs. Gearing Ratio ...................................................................................................................................12
Figure 4: Operational Efficiency ...........................................................................................................................................13
Figure 5: Solvency ................................................................................................................................................................14
Figure 6: Valuation ...............................................................................................................................................................15




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Herman Miller, Inc. - SWOT P
								
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