Schrijf je in voor onze dagelijkse nieuwsbrief om al het laatste nieuws direct per e-mail te ontvangen!

Inschrijven Ik ben al ingeschreven

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

Rugvista reports concerning downward trend

Rugvista is experiencing a decrease in both turnover and operating profit in Sweden. CEO Michael Lindskog highlights uncertainties for 2024 in an article on, citing concerns from both security policy and macroeconomic perspectives.

Photo: Dreamstime.

The Rugvista Group, which includes Rugvista and Carpetvista brands, reported a 2.3 percent decline in turnover during the first quarter compared to the previous year. Organic sales growth also decreased by 3.5 percent. Operating profit landed at SEK 20 million, with a margin of 11.4 percent, down from SEK 25.7 million and a margin of 14.3 percent in the previous year. Net profit after tax decreased by 15.3 percent to SEK 17.2 million.

The company has maintained it is utilising successful strategic initiatives in managing the tough economic climate, and though having reported increased orders and new customers, the average order value remains low, indicating price sensitivity among European consumers.

The company has reported it remains committed to enhancing its customer offering and operations to drive profitable growth in both the short and long term.


Publication date: