Kährs Group: Interim Report July-September 2023
Strong and increasing gross margins in a challenging market situationKährs’ net sales decreased by -31 per cent in the third quarter, primarily due to continued weak demand in residential, in the business segments, Residential Nordics and Europe. Profitability was maintained by a continued strong gross margin and good cost control even if both the operating EBITA and operating EBITA% decreased compared to the record strong third quarter 2022. Third Quarter 2023 · Net sales amounted to SEK 635 million (922), which was a decrease of -31 per cent. Organic change was -31 per cent ·