Swedish flooring manufacturer Kährs posted SEK 541 million in Q1 sales, down 8% organically, but maintained stable order intake and improved cash flow. CEO Johan Magnusson cited geopolitical uncertainty affecting demand while noting signs of a recovery in the renovation market.
Despite sales growth, earnings dipped slightly as the home improvement giant maintains its full-year guidance with expectations for modest comparable sales growth of approximately 1.0%.
The United States and China have reached a historic agreement to temporarily suspend the bulk of their tariffs, dramatically reducing trade tensions between the world's two largest economies. Both nations will lower tariffs from their current levels to just 10% for 90 days while establishing new dialogue mechanisms.
HMTX has merged its Metroflor and Teknoflor divisions into a unified Contract Business & Trade Unit, leveraging product similarities and manufacturing relationships while maintaining separate distribution channels—Metroflor through independent wholesalers and Teknoflor/Aspecta through new partner Spartan Surfaces.
The Spanish ceramic tile sector showed signs of stabilization in 2024 with slight increases in production, domestic sales, and employment despite a 0.9% drop in overall turnover to €4.819 billion [U.S. $5.24 billion]. Exports remain dominant at 72% of sales, with the United States as the top market.
The world's largest home improvement retailer beat Q4 expectations with sales reaching $39.7 billion, boosted by an extra week in the quarter, while announcing a 2.2% dividend increase despite a cautious 2025 outlook.
The $33.4 billion flooring industry faces extinction-level events as Asian manufacturing dependency, workforce instability, and distribution disruption reshape the landscape. Winners embrace technology while traditionalists falter. The next 24 months will determine who survives the great consolidation—are you standing on the right side?
Floor & Decor reported better-than-expected fourth-quarter results as profits rose 28% to $47.5 million despite a slight comparable store sales decline, demonstrating resilience amid challenging market conditions. The flooring retailer plans continued expansion with 25 new stores in 2025.
Swedish flooring manufacturer Kährs Group saw Q4 2024 sales decline 11%. The company completed its Russian operations divestment and secured new bond financing while focusing on production efficiency and market expansion amid challenging conditions.
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