Kährs’ result impaired by unfavorable market conitions

Kährs Group reported a challenging second quarter of 2024, with an 11% organic decline in turnover due to persistent weak demand, particularly in the Nordic and North American markets. The ongoing slump in new construction, coupled with global economic concerns, contributed significantly to the drop in sales. Despite the unfavorable market conditions, Kährs managed to cushion the impact through strategic production adaptations and rigorous cost control measures. However, the company’s overall performance was heavily impacted by a SEK 70 million write-down of its Russian assets. In the second quarter, Kährs’ net sales amounted to ...