Kährs Group (Malmö, Sweden) reported SEK 530 million (USD 56.7 million) in sales for the first quarter of 2026, a year-over-year decrease of 2% despite increasing order intake by 10% and reaching its highest order backlog in two years.
Operating EBITA came in at SEK 5 million (USD 535,085), leaving an operating EBITA margin of 0.9%. Operating profit totalled SEK -1 million (USD -107,013) leaving an operating profit margin of -0.2%.
“We see improving demand in Europe and the Nordics, with solid performance in both renovation and new construction,” President and CEO Johan Magnusson said. “At the same time, market conditions in the U.S. remain weak, affecting both sales and profitability.”
“Margins were affected by product mix and external factors related to trade conditions linked to new changed tariffs to USA and supply chains. Actions are ongoing to strengthen gross margins and improve operational efficiency focusing on margin discipline, a more efficient supply chain and increased productivity through digitalization, data and AI,” he added.
Read the full report here.
