Kährs Group: Year-end Report 2017

Stable conclusion to 2017 with strong profitability growth

Fourth quarter, October-December

  • Net sales totalled SEK 769 million (736), an increase of 4 per cent compared with the same period in 2016. Organic sales growth was 5 per cent
  • Operating EBITA rose 30 per cent and totalled SEK 70 million (54), corresponding to an operating margin of 9,1 per cent (7.3)
  • Operating profit (EBIT) improved by SEK 79 million during the fourth quarter and totalled SEK 55 million (-24), corresponding to 7.2 per cent (-3.3). The improvement for the quarter can be attributed to higher sales and gross margin, as well as lower items affecting comparability of SEK 15 million (78)
  • Consolidated profit for the quarter was SEK 26 million (-30)
  • Earnings per share totalled SEK 857 (-1,011)

January - December 2017

  • Net sales for 2017 totalled SEK 3,072 million (2,894), an increase of 6 per cent compared with the same period in 2016. Organic sales growth was 5 per cent
  • Operating EBITA rose 22 per cent compared with the full-year 2016 and totalled SEK 276 million (227), corresponding to an operating margin of 9,0 per cent (7.8)
  • Operating profit (EBIT) for the period was SEK 148 million (133), corresponding to 4.8 per cent (4.6), including a negative impact for items affecting comparability of SEK 128 million (94) relating primarily to a provision for tariff costs in the US as well as changes in production structure in Finland
  • Consolidated profit for the period was SEK 86 million (59)
  • Earnings per share totalled SEK 2,861 (1,972)

President and CEO Christer Persson comments:
”The Kährs Group showed stable sales growth of 4 per cent in the fourth quarter of 2017. The Nordics and Resilient Global segments demonstrated the strongest growth, but the Europe segment also performed somewhat better than the previous year, while sales for Other Markets declined during the quarter. Consolidated operating EBITA increased by 30 per cent during the quarter to SEK 70 million, corresponding to a margin of 9.1 per cent.

Kährs Group had a successful year in 2017 during which we further strengthened our competitive position in several markets. We launched an array of important initiatives over the course of the year to promote continued positive growth.”


For further information, please contact:
Christer Persson, President and CEO, tel: +46 70 271 20 14
Peter Ericsson, CFO, tel: +46 70 461 10 39 

 
About Kährs Holding AB (publ)
Kährs Holding AB (publ) is a leading European 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 more than SEK 3 billion. www.kahrsgroup.com

Tags:

About Us

Kährs Group is a Europe-leading wood- and resilient flooring company with well-known and globally recognized brands such as Kährs, Karelia and Upofloor. The company’s innovations have shaped the industry and Kährs purposefully work to bring new innovations to the flooring market. Kährs Group deliver products for homes, commercial applications and public spaces in more than 70 countries. The Group have a market leading position in Sweden, Finland and Russia as well as a strong position in other important markets such as Norway, the UK and Germany.