Kährs Group: Interim Report April-June 2023
Stable profitability despite lower demandKährs’ net sales decreased by -28 per cent in the second quarter, primarily due to weak demand in the residential segment in Europe, affected by increasing interest rates and general high cost inflation. Profitability was maintained by a continued strong gross margin and good cost control even if both the operating profit and the operating margin are down compared to the record-setting second quarter in 2022. Second Quarter 2023 · Net sales amounted to SEK 787 million (1,094), which was a decrease of -28 per cent. Organic change was -31 per