Kährs Sales Rose 8% in Q1
Stockholm, Sweden, February 24, 2023-For Q1 2023, Kährs reports that net sales rose 8% to SEK 937 million (867).
Organic growth was 0%. Residential Nordics, residential North America and its commercial segment within healthcare and education continued to be strong, while sales in residential West and South Europe slowed sharply.
Operating EBITA amounted to SEK 108 million (73), corresponding to an operating margin of 11.5% (8.4).
In Q4, Kährs completed a reorganization to support profitable growth in each region. After the balance sheet date, Kährs announced that a decision was made to adjust its production capacity to meet the lower demand in 2023 and implemented a plan for lowering the capacity in the European factories in different steps.