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The result was burdened by restructuring costs of SEK14m and negative currency effects of SEK20m.
The operating profit, excluding restructuring costs, came in at SEK107m versus SEK180m. The operating margin narrowed to 3% from 4.9%.
Sales decreased to SEK3.568bn from SEK3.69bn. Organic growth was negative at 9%, mainly as a result of weaker sales in the Nordic region.
Sales of kitchens rose in the UK and Austria, while demand for new builds in the Nordic region remained weak.
Operating cash flow was positive at SEK117m, against SEK175m in the previous year.
(EUR1 = SEK10.2)
Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com
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