September 21, 2017 2:13 AM ET

Building Products

Company Overview of Kährs Holding AB (publ)

Company Overview

Kährs Holding AB (publ) manufactures and supplies hardwood and resilient flooring products. It offers engineered hardwood, and PVC and plasticizer free luxury planks; and wood flooring accessories, such as installation tools and materials, finishing products, and care and maintenance products. The company offers its products under the Kährs, Karelia, and Upofloor brands in private homes, apartments, commercial spaces, sports facilities, schools, day care centers, hospitals and healthcare facilities, and public spaces. It serves customers through retailers, installers, contractors, and distributors in Sweden, Finland, Norway, Russia, Germany, the United Kingdom, the United States, and interna...

Ångbåtsbron 1

Box 154

Malmö,  201 21

Sweden

Founded in 1857

1,740 Employees

Phone:

46 48 14 60 00

Fax:

46 7 03 76 18 75

Key Executives for Kährs Holding AB (publ)

Chief Executive Officer, President and Member of the Group Management
Chief Financial Officer
Age: 56
Finance Director and Member of The Group Management
Marketing Director and Member of The Group Management
Compensation as of Fiscal Year 2017.

Kährs Holding AB (publ) Key Developments

Kährs Holding AB (Publ) Announces Management Changes

Kährs Holding AB (publ) announced that Peter Ericsson has been appointed as new Chief Financial Officer (CFO) and member of management team. He started in his new position 1 September 2017. Peter Ericsson most recently held the position as Communication and Compliance Director for Kährs Group and he has also previously been CFO for the Group. Prior to joining Kährs, he held positions within Alecta Investment Management and KPMG. Peter Ericsson has been a member of Group management since 2007 and will continue as part of management in his new role as CFO. He replaces Torbjörn Clementz who leaves Kährs.

Kährs Holding AB (Publ) Reports Unaudited Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Kährs Holding AB (publ) reported unaudited consolidated and parent earnings results for the second quarter and six months ended June 30, 2017. For the quarter, on consolidated basis, net sales were SEK 792 million against SEK 755 million a year ago. EBITA was SEK 45 million against SEK 57 million a year ago. Operating EBITA was SEK 75 million against SEK 61 million a year ago. Operating profit (EBIT) was SEK 46 million against SEK 57 million a year ago. Operating profit excl. depreciation and items affecting comparability (adjusted EBITDA) was SEK 99 million against SEK 84 million a year ago. Profit for the period was SEK 35 million or SEK 1.2 per share against SEK 35 million or SEK 1.2 per share a year ago. Net cash flows from operating activities were SEK 41 million against SEK 51 million a year ago. Investment in tangible assets was SEK 12 million against SEK 19 million a year ago. For the six months, on consolidated basis, net sales were SEK 1,574 million against SEK 1,450 million a year ago. EBITA profit was SEK 109 million against SEK 107 million a year ago. Operating EBITA was SEK 144 million against SEK 114 million a year ago. Operating profit (EBIT) was SEK 109 million against SEK 107 million a year ago. Operating profit excl. depreciation and items affecting comparability (adjusted EBITDA) was SEK 192 million against SEK 159 million a year ago. Profit for the period was SEK 80 million or SEK 2.67 per share before and after dilution against SEK 68 million or SEK 2.27 per share before and after dilution a year ago. Net debt was SEK 946 million compared to SEK 650 million a year ago. Return on capital employed was 15.0% compared to 18.7% a year ago. Net cash flows from operating activities were SEK 31 million against net cash used in operating activities of SEK 15 million a year ago. Investment in tangible assets was SEK 22 million against SEK 31 million a year ago. For the quarter, on parent basis, operating loss (LBIT) was SEK 7 million against SEK 3 million a year ago. Profit excluding tax was SEK 9 million against loss of SEK 8 million a year ago. Profit for the period was SEK 8 million against SEK 6 million. For the six months, on parent basis, operating loss (LBIT) was SEK 9 million against SEK 4 million a year ago. Profit excluding tax was SEK 14 million against SEK 14 million a year ago. Profit for the period was SEK 12 million against SEK 11 million a year ago.

Kährs Group Signs Agreement with Ikano Bostad

Kährs Group has signed an agreement with Ikano Bostad. Under the agreement, Kährs Group will deliver wood flooring to Ikano Bostad's new construction projects and renovation projects in Sweden over a period of three years. Deliveries under the new agreement will start during July 2017.

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Recent Private Companies Transactions

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