NEWS
EUROPEAN MMFA WELCOMES IVC GROUP AS NEW MEMBER
The IVC Group, headquartered in Avelgem, Belgium, has become a member of the MMFA (Multilayer Modular Flooring Association, Bielefeld), effective retroactively from 1st January 2019.
The IVC Group was founded in 1997 and, according to its own statement, is a leading European manufacturer of luxury vinyl tiles (LVT) and also produces sheet vinyl and carpet tiles. With 1,600 employees and ten production sites in Belgium, Luxembourg, Russia and the USA, the IVC Group produces over 180 million m2
of flooring per year. In 2015, IVC
became part of the US-based Mohawk Industries Inc.
Matthias Windmöller, President of the MMFA, said: “With IVC as a member, we have gained another leading player in our sector. Membership of the
JOHAN MAGNUSSON APPOINTED KÄHRS GROUP PRESIDENT AND CEO
Kährs Group has appointed Johan Magnusson as its new CEO and President.
Johan Magnusson brings years of experience in a range of pan-European and global companies and was most recently Managing Director at Owens Corning & Senior Vice President of Paroc Technical Insulation. Johan replaces Christer Persson.
Anders Wassberg, Chairman of the Board of Kährs, said: “We are very happy to welcome Johan Magnusson to Kährs and are excited about him taking the company towards continued growth in the future and further development. With a proven track-record of leading and growing businesses in our sector, he has the capabilities required to drive exceptional business performance by creating strategic clarity, driving commercialisation and customer focus,
twitter.com/TRetailFloors
MMFA, as our fellow members are aware, means getting involved. There is a lot to be done: various research projects in technical and marketing areas, completing our reflection of market trends via statistics provided by association members, participation in European and international standards. We always welcome additional expertise and an increased ability to be influential!”
Ivo Schintz, President of IVC Commercial Flooring, commented: “As a leader and innovator in LVT flooring, we are excited to join the ambitious MMFA network. Modular multilayer flooring is a dynamic market. It’s our mission to bring innovation to safe flooring systems and share our knowledge in order to reduce climate impact. The professional MMFA platform can help make that happen.”
With the addition of the IVC Group, the MMFA now has 25 ordinary members (producers of MMF flooring or their European representations), 26 associate members (supplier companies) and two supporting members (scientific institutes). Further applications for membership are in the pipeline.
www.mmfa.eu while ensuring disciplined execution.”
Johan has previously held positions within Assa Abloy, Rukki, Swedoor and Hilding Anders.
Johan Magnusson, new President and CEO of Kährs Group, said: “Kährs is a market leader with brands known for both tradition and a strong product and market offering. I am delighted to join Kährs as CEO and contribute with my experience to grow and strengthen the company further.
“The business is well-positioned to capture new opportunities and I am confident that we have the team and resources to gain a greater foothold in our core European markets and beyond. I look forward to working with the Kährs team as we take the company to the next stage of development.”
“On behalf of the board, I would like to express our gratitude to Christer Persson for his stewardship and commitment. For the last seven years, Kährs have taken important steps
HEADLAM FIGURES SHOW REASSURING PERFORMANCE DESPITE PROFIT FALL
Floorcoverings distributor Headlam Group plc has announced its interim results for the first half of the year, reporting a drop in pre-tax profit but growth in total revenue.
The figures revealed pre-tax profits dropped to £15.97 million for the first half, down from £16.42 million for the same period last year.
Total revenue, however, increased by 3.3% from £337.5 million in 2018 to £348.7 million, with both the residential and commercial sectors in the UK and Continental Europe all contributing positively.
Like-for-like revenue also increased by 1.8% and 3.2% in the UK and Continental Europe respectively, resulting in an overall like-for-like revenue increase of 2.0%
Gross margin maintained at 32.5%, despite a shift in business mix towards the commercial sector.
Ahead of proceeding further into the traditionally stronger second half of the year, and mindful of a backdrop of political uncertainty, the Board said it currently maintains its expectations for the full year.
Commenting on the figures, Steve Wilson, Chief Executive of Headlam Group, said: “The Company delivered a reassuring performance during the Period, in what remained relatively restrained markets, with growth on an absolute and like-for-like basis in both the UK and Continental Europe. Growth has continued into the second half of the year to-date, and we currently maintain our overall expectations for the full year.”
www.headlam.com
securing the position as the European premium hardwood leader with an industry-leading supply footprint. As Christer Persson now chooses to move on, his accomplishments have led us to a threshold where new management can take on and continue to ramp up our expanded product range, digital offering, accelerate growth and business development,” Anders Wassberg continued.
www.kahrsgroup.com Tomorrow’s Retail Floors | 07
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