LL Flooring's 2Q 2021 net sales of $301.4 million increased 30.9% compared to the same period last year and 4.4% compared to the 2Q 2019, driven primarily by strong pro customer and services sales.
Flooring
Over the next five years, the Swiss Krono Group will invest up to Euro 300 million in plant expansion at its site in Heiligengrabe, Germany. The focus of activities will be on the further automation of production and logistics processes.
Mohawk Industries, Inc. announced 2Q 2021 net sales for the 2Q 2021 were $3 billion, up 44% as reported and 38% on a constant currency and days basis. For the 2021 six-month period, net sales were $5.6 billion, an increase of 30% versus prior year as reported or 23% on a constant currency and days basis.
In the 2Q 2021, Armstrong Flooring's net sales increased 15.5% to $168.1 million from $145.6 million in the 2Q 2020, reflective of growth in each region in which the Company operates.
Kährs sees great potential for profitable growth in its two strong business segments, Residential and Commercial. To secure an even greater customer focus, Kährs is now reshaping its commercial team while also welcoming a new colleague, Johan Lundgren, who has been appointed new CCO Nordics for Kährs.
After 12 years Lars Gunnar Andersen has decided to resign from his position of Chairman at the European Federation of the Parquet Industry (FEP). The General Assembly of FEP has taken the unanimous decision to nominate Lorenzo Onofri as his successor.
The Board of Kährs Group announces that it has appointed Lisa Gøttler new Board member as part of the company's strategic efforts to develop the digital customer journey. Lisa is Marketing & Category Management Director at Kvik, which makes furnishings for kitchens, bathrooms and wardrobes.
After successful launches in the US and Asia, Välinge Flooring will now launch in France. The launch creates a whole new category of floors called ‘Hardened Wood Flooring’ — offering the unmistakable feel and luxury of a real wood floor with next-level durability and water resistance.
LL Flooring's 1Q 2021 net sales of $283.5 million increased $16.1 million, or 6%, from the 1Q 2020. Net income for the 1Q 2021 decreased $1.6 million to $10.6 million compared to $12.2 million for the 1Q 2020. Operating income was $13.1 million for the 1Q 2021 compared to $8.8 million for the 1Q 2020.