Kährs Group: Interim Report January-March 2024
Strategic investments and optimisation of profitability continue to improve cash flow in a challenging market situationKährs’ turnover decreased by 25 per cent in the first quarter due to continued weak demand in a cautious market in the residential segment in the Nordics and North America. Profitability was affected by the weaker sales but was held up by production capacity adaptations and good cost control. Cash flow was strong during the quarter, which is seasonally weak, despite lower profit, due to a decrease in working capital through gradually reduced production rates, which led to