The global furniture market is showing signs of strain, with softer demand and economic uncertainty impacting sales across key regions.
© Ekornes
Norwegian manufacturer Ekornes, owner of the Stressless®, IMG and Svane® brands, reported second quarter 2025 operating revenues of NOK 942m, down 3% year-on-year and 15% from the first quarter. The decline was driven by US tariffs, currency fluctuations and seasonal factors. UK and Ireland revenues dropped from NOK 84m to NOK 68.4m in the quarter, although year-to-date sales remain slightly ahead at NOK 164.2m.
Stressless® remained the company's strongest performer, generating NOK 717m in revenue, while IMG saw a 13% drop to NOK 165m. EBIT margin narrowed to 3.4%, reflecting increased marketing investment.
The company said European markets softened, with Germany and the UK facing slower consumer spending and reduced store traffic. CEO Tine Hammernes Leopold noted that "regulatory uncertainty persists with rapidly changing trading conditions and low visibility," but emphasised the group's "resilient operating model" and strong cash position of NOK 910m.
Ekornes said it is pressing ahead with its strategic transformation, including a new organisational structure, product portfolio optimisation and brand modernisation, aimed at strengthening competitiveness and long-term growth.
Source: www.bigfurnituregroup.com
