Kährs Group: Year-End Report 2023
Optimisation for continued stable profitability in a challenging market situationKährs’ net sales decreased by 35 per cent in the fourth quarter, primarily due to continued weak demand in the residential segment compared to record-strong comparative figures. Profitability was maintained by adapting the production capacities to lower demand and good cost control. The strong trend of improved gross margin was broken in the last quarter of the year, with both operating EBITA and operating EBITA% decreasing compared to the historically strong fourth quarter in 2022. Strong cash flow despite a