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