Net sales for the Swedish wood flooring manufacturer Kährs Group totalled SEK 782 million during the first quarter of 2017 (Jan - March - SEK 695 million), an increase of 13 per cent compared with the same period in 2016.
Organic sales growth was 9 per cent, while the EBITA increased by 28 per cent in the first quarter and amounted to SEK 64 million (Jan - March - SEK 50 million), corresponding to 8.2 per cent increase. Also, the operating EBITA was SEK 69 million (Jan - March - SEK 53 million), corresponding to an operating margin of 8.8 per cent.
Consolidated profit for the quarter was SEK 45 million (Jan - March - SEK 33 million) and the improvement was mainly related to higher net sales and a stronger operating profit
President and CEO Christer Persson comments:
”Kährs Group performed well during the first quarter 2017, with increased sales and improved operating profit. All four segments contributed to the sales increase of 13 per cent, with the strongest growth in the Nordics and Resilient Global segments, which grew by 18 and 27 per cent respectively. Based on the Kährs Group’s attractive market position in both the professional market and the consumer market, growth opportunities in the coming years continue to be promising. We expect our growth to be organic by taking advantage of the opportunities provided by innovation, design development and an advanced commercial offering. We also see potential growth opportunities through carefully chosen supplementary acquisitions.”
About Kährs Holding AB
Kährs Holding AB (publ) is a world-leading flooring manufacturer in hardwood and resilient flooring with a number of strong brands in its product portfolio, including Kährs, Karelia and Upofloor. The Company's innovations have shaped the industry throughout history and Kährs Group is dedicated to providing the market with innovative new flooring solutions. Kährs Group, which delivers products to more than 70 countries, is the market leader in Sweden, Finland, Norway and Russia and holds a strong position in other key markets, such as the UK and Germany. The Group has approximately 1,700 employees and annual sales of EUR 300 million.
