Operating EBITA amounted to SEK 91 million and the operating EBITA margin amounted to 5%.
Furniture
The transaction is expected to close in the Q2 2024 and is subject to customary closing conditions.
New stores enhance shopping experiences with a focus on sustainability and innovation.
Woodgrain will also continue to enhance value-added services, including pre-hanging and pre-finishing doors, supported by Woodgrain’s manufacturing expertise.
Egger takes the next step in the circular economy: first recycling collection site in Italy.
JELD-WEN Holding expects to incur one-time costs of approximately $45 million and generate annual pre-tax income improvements of at least $11 million.
The estimated sales for the U.S. kitchen cabinet in February were reported at $1.2 million. For the year-to-date period, the overall market estimated sales were $2.5 million.
IKEA commits to greener transport with additional 1,000 EV chargers in Germany, aiming for net-zero.
Isku has switched to Kiilto’s biobased, pH-neutral Kiilto Pro WRX 3070 adhesive in its furniture production. The new adhesive also has very low formaldehyde content.
Approximately 60 full-time equivalent employees in Halifax will be affected by the consolidation.
The Nomination Committee of Nobia AB proposes that current Board Member Tony Buffin be appointed Chairman of the Board and that Nora F. Larssen, Marlene Forsell, Carsten Rasmussen, Fredrik Ahlin are re-elected as Board Members.
Premier Forest Products' subsidiary North-East Sheets & Panels Ltd. (NESP), will be rebranded as Decorpanel. This strategic move comes as part of Premier Forest’s ongoing commitment to streamline its operations and enhance its brand presence in the northern region of England.
Strengthening financial services for IKEA customers, the acquisition promises enhanced affordability and sustainability.
VT Industries celebrates groundbreaking of $16 million Holstein expansion. The expansion, slated for completion in spring 2025, will add 175,000 square-feet to the production footprint on the Holstein campus, marking the company’s largest addition to date.
U.S. Environmental Protection Agency (EPA) released the draft risk evaluation under the Toxic Substances Control Act (TSCA) for formaldehyde for public comment and peer review.
U.S. cabinet manufacturers reported overall cabinet sales of were down 7% for January 2024 compared to the same month in 2023.
The addition of Russell Plywood geographically expands Würth’s core woodworking business in Pennsylvania, Delaware, and New Jersey.
A court in Russia has ordered the seizure of assets belonging to a subsidiary of the global furniture giant worth almost $143 million.
George Dymond will become member of Nobia’s Group management team, and assumes his new role latest by July 1, 2024.
The year-to-date custom sales contributed $768.0 thousand, up 5%, semi-custom sales reached $1.6 million, up 0.5%, and stock sales amounted to $453.1 thousand, down 19.4%.