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  • Helén Johansson

    Corporate Communication


    +46 70 364 60 30
    http://www.kahrsgroup.com

    • Quotes

    The brain is the most complex structure in the known universe and absolutely crucial for how we think, feel, and perform in our lives. And although the world around us has developed at a rapid pace, the brain has not changed significantly for many tens of thousands of years!
    Isabelle Sjövall
    We have committed to becoming circular and this is another step in that direction. We are particularly pleased to be able to show that it is also possible to recycle installation waste from PVC-free resilient floors
    Therese Gerdman, Sustainability Manager, Kährs Group
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    Kährs Group: Interim Report July-September 2024

    Increased order intake in a weak market – continued focus on efficiency and growthKährs' order intake increased in the third quarter by SEK 43 million, which corresponds to an increase of 11 percent compared to the previous year. Kährs’ turnover, however, decreased by 15 per cent organically in the third quarter due to continued weak demand in a cautious market in primarily new construction in the Nordics and North America. Profitability has been affected by the reduced sales, and the result was negatively impacted by greater underabsorption in production during the summer period. During

    Kährs confirms that the redemption of its outstanding senior secured sustainability linked floating rate bonds 2021/2026 with ISIN SE0017085285 is no longer conditional

    Kährs BondCo AB (publ) (the "Company") hereby refers to its senior secured sustainability linked floating rate bonds 2021/2026 with ISIN SE0017085285 (the "Bonds") and to the terms and conditions of the Bonds (the "Terms and Conditions").Reference is further made to the Company’s press release on 24 October 2024 and the call notice dated 24 October 2024, in which the Company informed the holders of the Bonds that it was exercising its option to redeem all outstanding Bonds in full pursuant to Clause 12.3 (Early voluntary total redemption (call option)) of the Terms and Conditions (the "Call

    Kährs BondCo AB (publ) successfully issues new senior secured floating rate bonds and announces results from tender offer and its intention to early redeem its outstanding bonds

    Kährs BondCo AB (publ) (the "Company") has successfully issued new senior secured floating rate bonds in a volume of SEK 1,450,000,000 within a framework of up to SEK 2,500,000,000 (the "New Bonds"). The New Bonds will have a tenor of 4 years and carry a floating interest rate of STIBOR three months plus a 6.25 per cent. margin per annum. The proceeds from the issue of the New Bonds will be used to repurchase and/or redeem all of the Company's Existing Bonds (as defined below), finance general corporate purposes of the group and transaction costs relating to, amongst other things, the

    Kährs BondCo explores the possibility to issue senior secured floating rate bonds and announces a tender offer, its intention to early redeem its outstanding bonds and provides a financial update

    Kährs BondCo AB (publ) (the "Company") hereby announces that it has mandated DNB Markets, a part of DNB Bank ASA, Sweden Branch, Nordea Bank Abp and Pareto Securities AS as joint bookrunners to explore the possibility to place an up to SEK 1,450,000,000 senior secured floating rate bonds issue with a framework of up to SEK 2,500,000,000, subject to market conditions (the "New Bonds").The proceeds from the potential bond issue will be used to repurchase and/or redeem all of the Company's Existing Bonds (as defined below), finance general corporate purposes of the group and transaction costs

    Research collaboration within Neurodesign – Groundbreaking research to promote increased physical and mental health in our living environments

    Kährs has since 2022 been a proud partner in a five-year research collaboration within the interdisciplinary field of Neurodesign, where Isabelle Sjövall is among the first in the world to obtain a doctorate. What happens in the brain in different room environments and how does different materials and floors affect us humans? How can the floor of a room promote healing, learning and creativity? These are some of the questions that Kährs hopes to find answers to.  Neurodesign investigates how the brain reacts and responds to built environments and how people are affected

    Kährs Unveils the Estate Collection: Where Old World Charm Meets New World Craftsmanship

    Kährs, a global leader in premium flooring solutions, is excited to introduce its highly anticipated Estate Collection. This new collection seamlessly merges the timeless beauty of Old World design with the precision and innovation of modern craftsmanship, offering a luxurious and durable selection of hardwood floors.  Proudly Made in the USA, the Estate Collection takes its inspiration from historic estates known for their meticulous attention to detail and grandeur. Each plank captures the charm and character of traditional craftsmanship, with Kährs’ globally recognized

    Kährs Group: Interim Report April-June 2024

    Growth in region Europe is back, but low new construction continues to be challengingKährs’ turnover decreased by 11 per cent organically in the second quarter due to continued weak demand in a cautious market particularly in new construction 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. During the quarter, Russian assets were written down by SEK 70 million to adjust the value of the Russian operations to an expected sales price.   Second Quarter 2024 · Net sales amounted

    Kährs wins the Floor Covering News’ Award of Excellence 2024

    Kährs proudly clinched the prestigious Floor Covering News 2024 Award of Excellence in the Hardwood – European import category. With over 1,200 ballots cast by customers, this recognition underscores Kährs' strong partnership with the retail community and its unwavering commitment to delivering exceptional value. Amidst an audience of around 60 flooring industry executives, Kährs stood tall as it accepted this esteemed accolade, affirming its position as a leader in quality, sustainability and innovation. "Kährs is honored to accept the award for the second year in a row. We

    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

    Kährs at Southern Sweden Design Days 23-26 May

    Welcome to a sustainable journey in pastel with Kährs at Southern Sweden Design Days! Kährs is an official partner at the international design festival in Malmö, which this year has the theme "Care". Kährs is represented through an exhibition in the main venue for the event, Lokstallarna, and is also part of the program through a seminar where Sustainability Manager Therése Gerdman and Design Manager Petra Lundblad talk on the theme design, sustainability, circularity with the title "A sustainable journey in pastel - how we work with circularity ". Day and time for Kährs'

    Kährs science-based targets validated and approved by SBTi

    Kährs Group proudly announces that its science based near-term and net-zero greenhouse gas emissions reductions targets have been validated and approved by the Science Based Targets initiative, SBTi. Kährs has made a public commitment to near-term and net-zero targets with the Science Based Target initiative (SBTi) Net-Zero standard, including FLAG emissions and removals. These targets have now been approved by the SBTi.   “I am proud of this validation, which is an important milestone for Kährs towards reaching our sustainability goals. It is confirmation that we are on

    Kährs Group appoints new Sales Manager to drive market expansion in Asia-Pacific & Middle East

    Kährs, a leader in high-quality, innovative flooring solutions, is excited to announce the appointment of Emre Tufanoglu as Sales Manager for the Asia-Pacific and Middle East region. This appointment is key to Kährs' strategy to accelerate growth and expand its global market presence.[Emre Tufanoglu ] Emre Tufanoglu brings extensive experience in sales and business development within these dynamic regions. Known for his adeptness at identifying sales opportunities and building strong customer partnerships, Emre's appointment is expected to significantly enhance Kährs' distribution

    Kährs BondCo publishes annual report for 2023

    Kährs BondCo AB (publ) announces that the company's annual report for 2023 in Swedish is now available on Kährs Group's website (kahrsgroup.com ) and is also attached to this press release.This information is information that Kährs BondCo AB (publ) is obliged to make public pursuant to the Swedish Securities Markets Act. The information was submitted for publication at 08:00 am CET on April 18, 2024.   For further information, please contact:Johan Magnusson, President and CEOPhone: +46 70 540 13 96 johan.magnusson@kahrs.com Andreas Larsson, CFO

    Kährs Commercial Americas and Spartan Surfaces Ink National Partnership

    Kährs, a leading provider of high-quality flooring solutions, is thrilled to announce the further consolidation of its longstanding partnership between Kährs Commercial Americas and Spartan Surfaces on a national level. With over a decade of collaboration, the alliance has proven to be a testament to shared values, strategic alignment, and unwavering dedication to customer satisfaction. The partnership between Kährs and Spartan Surfaces has evolved seamlessly over the years, driven by a mutual commitment to excellence and innovation. By combining forces, both companies have

    PVC-free resilient floors can be recycled! Installation waste from Kährs’ PVC-free products becomes new floors

    Kährs has shown that it is possible to recycle PVC-free floors and reuse the material by using installation waste from its flooring products Zero Sheet, Zero & Green and Xpression. Since 2010, Kährs has recycled production waste from its PVC-free resilient floors, and last year the program was expanded to include recirculation of installation waste. Important steps in a circular direction. Saving the earth's resources by reusing and recycling as much material as possible is important for our society, the flooring industry and Kährs. Since 2010, Kährs has recycled waste material from

    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

    Kährs insights to the interior & flooring trends 2024

    How do we want to decorate our homes in 2024? Kährs design manager Petra Lundblad has captured the essence of the macro trends she believes will influence our interior design and flooring choices in the coming year and arranged these into four different trend directions. Kährs designer Petra Lundblad is as always looking ahead, collecting impressions and analyzing movements in the way the society and the design community use colour and form to create a desired emotion. She has captured the essence of the macro trends she believes will influence our interior design choices in the

    Kährs Strengthening its US team in Growth Strategy Execution

    Kährs has a solid and proven business platform with significant potential to further deliver profitable growth. Kährs business model is based on two strong business segments: Residential and Commercial. Residential is the core segment and Commercial is building momentum for growth in selected sub-segments.Kährs in the US has been successful in carving out a niche in the mid/premium market, leveraging its reputation for sustainability, innovation, quality, and design. Sean Brennan, President of Kährs International – US has been the leader of the recent growth, strategic partnerships, and

    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  ·

    Kährs has submitted science-based Forest, Land & Agriculture (FLAG) target

    Another milestone has been reached in Kährs climate work as the company has now submitted its carbon dioxide emission reductions target to SBTi for validation. The target is proposed for Kährs’ near-term company-wide emission reductions in line with climate science with the SBTi including FLAG removals and emissions (Forest, Land & Agriculture). To keep 1.5°C within reach, tackle food crisis and biodiversity risks and enable the transformation to a global net-zero future, cutting land related emissions is of high importance together with the reductions connected to the operations

    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

    Kährs adjusts capacities and introduces further efficiency plans to mitigate lower demand into 2024

    The low demand in the Residential segment linked to increased interest rates and a high cost inflation expects to continue into 2024, especially in Europe.The demand for flooring solutions continues to go down, in both renovations of private homes and in new built, especially in Europe. Within new built the demand is expected to fall sharper towards the second half of 2023 and be weak until 2025. The renovation segment is expected to recover a bit from low levels in 2023 into 2024, when the destocking among major customers is in balance and the consumers’ willingness to invest in their

    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

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