{"id":74800,"date":"2016-02-19T22:55:40","date_gmt":"2016-02-19T22:55:40","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/kahrs-group-reaches-higher-profits-2015\/"},"modified":"2025-09-19T08:46:51","modified_gmt":"2025-09-19T08:46:51","slug":"kahrs-group-reaches-higher-profits-2015","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/kahrs-group-reaches-higher-profits-2015\/","title":{"rendered":"K\u00e4hrs Group reaches higher profits during 2015"},"content":{"rendered":"

Net sales of the Swedish wood flooring manufacturer K\u00e4hrs\u00a0totalled SEK 667 million in the fourth quarter of 2015 (Q4\/2014: 667 million).<\/strong> <\/em><\/p>\n

A weak trend in Russia and Finland was offset by good growth in Sweden as well as in several Central European markets,\u00a0K\u00e4hrs Group reported in a press realease<\/p>\n

K\u00e4hrs Group's operating profit before depreciation, amortization and non-recurring items (adjusted EBITDA) was SEK 83 million (Q4\/2014: 80), corresponding to an operating margin of 12.4 percent (Q4\/2014:\u00a012.0) and a profit increase of 4 percent compared with the fourth quarter of 2014.<\/p>\n

The new full-scale parquet factory in Romania was completed and opened during the fourth quarter.<\/p>\n

January \u2013 December 2015<\/p>\n

K\u00e4hrs Group's net sales for the full period January \u2013 December amounted to SEK 2,724 million (2014: 2,595), an increase of 5 percent compared with the previous year. Calculated in local currencies, sales growth was 4 percent<\/p>\n

K\u00e4hrs Group's\u00a0operating profit before depreciation, amortization and non-recurring items (adjusted EBITDA) for the period was SEK 314 million (2014: 261), corresponding to an operating margin of 11.5 percent (2014: 10.1)<\/p>\n

President and CEO Christer Persson commented on the results: \u201dConditions on our core markets are generally positive, with good growth in the construction and renovation market. \u00a0In hardwood flooring we saw good growth in our core markets Sweden, Germany, the UK and the US and our resilient flooring business showed a positive development with a growth rate of 18 percent in the quarter. <\/em>\"<\/p>\n

About K\u00e4hrs Group<\/p>\n

K\u00e4hrs Group is a world leading wood and resilient flooring manufacturer with well-known and globally recognized brands such as K\u00e4hrs, Karelia and Upofloor. K\u00e4hrs Group delivers products to more than 50 countries and have a market leading position in Sweden, Finland, Norway and Russia as well as a strong position in other important markets such as the UK and Germany. The group employs 1,600 people and has yearly sales of around 300 MEUR.<\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

Net sales of the Swedish wood flooring manufacturer K\u00e4hrs\u00a0totalled SEK 667 million in the fourth quarter of 2015 (Q4\/2014: 667 million). 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