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2016-05-12

Kährs Holding AB: Kährs Group: Interim report January-March 2016

Continued stable profitability for Kährs Group

First quarter, January-March 2016

· Net sales totalled SEK 695 million (687), an increase of 1 per
cent compared with the same period in 2015. Good growth in the Europe
segment offset the weaker trend in the Resilient Global segment for
the quarter. The organic sales growth was 1 per cent since the
currency effect (net) was 0 SEKm

· Operating profit before depreciation, amortization and
non-recurring items (adjusted EBITDA) was SEK 76 million (76),
corresponding to an operating margin of 10.9 per cent (11.1)

· Operating profit before non-recurring items (adjusted EBIT) for
the first quarter was SEK 53 million (52), corresponding to 7.6 per
cent (7.6)

· Consolidated profit for the quarter was SEK 33 million (35) and
was negatively affected primarily by higher restructuring costs for
the quarter compared with the same period in 2015

President and CEO Christer Persson comments:
"The world in which we operate and the global economy remain difficult
to assess, and forecasts for global growth are constantly under
revision. Nevertheless, Kährs Group demonstrated stable growth during
the first quarter and profitability continued to improve. In hardwood
flooring we saw good growth in the individual core markets Sweden,
Germany, the UK and US, and segment Europe as a whole had a growth
rate of 14 percent. Our resilient flooring segment, which is driven
primarily by the project market, had weaker sales compared to the
same period last year, but we see great potential in this business
area going forward."

For further information, please contact:
Christer Persson, President and CEO, tel: +46 70 271 20 14
Jonas Bäck, CFO, tel: +46 70 510 61 43

About Kährs Holding AB (publ)
Kährs Holding AB (publ) is a world-leading flooring manufacturer in
hardwood and resilient flooring with a number of strong brands in its
product portfolio, including Kährs, Karelia and Upofloor. The
Company's innovations have shaped the industry throughout history and
Kährs Group is dedicated to providing the market with innovative new
flooring solutions. Kährs Group, which delivers products to more than
70 countries, is the market leader in Sweden, Finland, Norway and
Russia and holds a strong position in other key markets, such as the
UK and Germany. The Group has approximately 1,550 employees and
annual sales of EUR 300 million. www.kahrsgroup.com

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http://news.cision.com/kahrs-holding-ab/r/kahrs-group--interim-report-ja...
http://mb.cision.com/Main/4841/2007582/515105.pdf

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