Kährs, hardwood and resilient flooring manufacturer and distributor based in Malmö, Sweden, reported net sales of $867 million for the fourth quarter of 2022, ending December 31, 2022, an increase of 8 percent. Residential Nordics, Residential North America and the commercial segment within healthcare and education continued to be strong, while sales in western and southern Europe slowed sharply. The company said it will adjust its production capacity to meet lower demand in 2023.

"When we summarize 2022, we can state that Kährs continued to take steps forward in its strategic change work and executed profitability-enhancing measures," said Kährs President and CEO Johan Magnusson.

Source: kahrs.com