Kährs adjusting capacities in all its European factories, due to weak market demand

Kährs adjusts its capacity to meet a lower demand for flooring solutions in the residential segment in 2023, both in renovation and new built. The market is highly affected by increased interest rates and a high inflation, especially in Europe, contributing to a clear drop in market demand from record levels and high order books in 2022. Low consumer confidence is creating challenges in demand in Europe moving forward. Higher prices, on energy in particular, continue to be a big challenge. Combined with a general rise in inflation and the risk of continuing rising interest rates and falling ...