Kährs Group (Malmo, Sweden) reported a profit of $6.59 million in 2016, a 4.9 percent decrease from its profit of $6.93 million in 2015.
Sales for Kährs in 2016 were $323.16 million, an increase of 6.25 percent compared with its sales of $304.15 million in 2015.
In the fourth quarter of 2016, Kährs’ reported a loss of $3.35 million compared with a profit of $2.01 million in the fourth quarter of 2015. The decline was due in part to a settlement related to an undisclosed legal dispute in the U.S.
Fourth quarter sales were $82.3 million, a 10.35 percent increase compared with the $74.58 million in sales reported in the fourth quarter of 2015.
”Kährs Group’s stable sales growth continued, with an increase of 10 per cent in the fourth quarter,” said Christer Persson, president and CEO, in a statement. “Strong underlying sales in the core markets Sweden, Germany, the U.K. and the U.S., contributed to the development.”
