Kährs Group (Nybro, Sweden) reported a 24% decline in sales from the second quarter of 2025 compared with the second quarter of 2024, for a total of SEK 508 million ($53.4 million USD).
Kährs reported a profit loss of SEK 26 million ($2.72 million) for the second quarter.
Kährs' order intake decreased by 14% in the second quarter compared with the previous year, driven by a continued weak project market, particularly within new construction, the company says.
The company attributes the decline to a continued weak project market, particularly within new construction.
The renovation market has meanwhile stabilized somewhat, although geopolitical tensions are mitigating activity both in Europe and the United States, the company says.
Despite the decline in overall sales, Kährs reports growth in consumer sales in both Europe and the U.S. during the second quarter of 2025.
“The strongest growth occurs in the USA through Kährs’ direct distribution model and in Germany through a strong offering to specialty flooring retailers,” CEO Johan Magnusson said in a statement. “At the same time, sales to inventory-holding customers are weakening due to increased trade uncertainty.”
Read the full second quarter report here.
