Kährs Group: Interim Report January-March 2023
Stable profitability despite a decrease in demandKährs net sales decreased by -18 percent, in line with the market development in Kährs main market areas, due to weak development within Residential in the Nordics and Europe, while Commercial showed growth. Profitability was sustained by a continued strong gross margin and good cost control. The first quarter 2023 · Net sales amounted to SEK 863 million (1,049), which was a decrease of -18 per cent. Organic change was -25 per cent · Operating EBITA amounted to SEK 105 million (124), corresponding to an operating margin of 12.2