The US flooring giant saw sharp growth in sales (+9%) in the final quarter of the year. All the group’s business units performed well.
Net sales grew by 2.2% in the third quarter. The Global Ceramic Segment improved substantially with net sales almost back to 2019 Q3 levels.
Mohawk Industries, SCG and Lamosa lead once again the rankings. Victoria PLC is the new entry among the big names. For most of the big groups the outlook for 2020 is not overly pessimistic, with declines below -10% and even some players anticipating growth.
The COVID-19 pandemic impacted on Q1 sales, dropping 6.4% to $2.3 billion. the Global Ceramic Segment saw a similar year-on-year decline in sales.
The Italian group (in the USA with Florida Tile) is confident that their US Business Unit will see moderate growth this year after a disappointing 2018.
Mohawk Group has launched the new Panoramic Porcelain Slabs, and started a new plant in Tennessee for the production of Quartz Slabs.
Net sales grew to 10 billion dollars (+5%), total investments tot up 1.5 billion dollars. The Global Ceramic Division registered a 4% growth in sales to 3.55 billion dollars.
The acquisition worth approximately US $250 million was signed on 15 October and is expected to be closed by the end of the year.
Total net sales grew by 5.9% to $9.5 billion. Sales of the Global Ceramics Division grew to $3.405 billion in 2017 (+7%), equivalent to 36% of the group’s net sales.
Mohawk Industries (USA), SCG (Thailand) and Lamosa (Mexico) lead once again the rankings. Good results were also posted by Vitromex (Mexico), Pamesa and STN (Spain), Kajaria (India) and Arwana Citramulia (Indonesia).
A new raw materials batching plant, microgranulation line and scrap recovery line has been supplied for the factory in Mexicali.
Mohawk Industries’s record figures for 2016 results includes sales of $9.0 billion, operating income of $1.3 billion and EBITDA of $1.7 billion. Q1 2017 showed a further growth, with net sales up 2%.