Kährs Group's 4Q 2015 net sales totalled SEK 667 million ($79 million), which is in line with the same period in 2014. 4Q 2015 consolidated profit was SEK 18 million ($2.1 million) and was positively affected by lower financing costs and lower restructuring costs in production.

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Kährs Group's 4Q net sales totalled SEK 667 million ($79 million)

Feb 22, 2016. /Lesprom Network/. Kährs Group's 4Q 2015 net sales totalled SEK 667 million ($79 million), which is in line with the same period in 2014. A weak trend in Russia and Finland was offset by good growth in Sweden as well as in several Central European markets, as the company said in the press release received by Lesprom Network.

4Q 2015 operating profit before depreciation, amortization and non-recurring items (adjusted EBITDA) was SEK 83 million ($9.8 million), corresponding to an operating margin of 12.4% and a profit increase of 4% compared with the 4Q 2014.

Operating profit before non-recurring items (adjusted EBIT) for the 4Q was SEK 58 million ($6.8 million), corresponding to 8.7%.
4Q 2015 consolidated profit was SEK 18 million ($2.1 million) and was positively affected by lower financing costs and lower restructuring costs in production.

Net sales for FY 2015 amounted to SEK 2,724 million ($332 million), an increase of 5% compared with the previous year. Calculated in local currencies, sales growth was 4%.

Operating profit before depreciation, amortization and non-recurring items (adjusted EBITDA) for FY 2015 was SEK 314 million ($37.2 million), corresponding to an operating margin of 11.5%.

Consolidated profit for the period was SEK 62 million ($7.3 million), a doubling compared with the previous year

Kährs Holding AB is a world-leading flooring manufacturer in hardwood and resilient flooring.