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Egyptian carpet manufacturer Oriental Weavers generated a net profit of more than EGP 1 billion (around EUR 17.1m) in the second quarter of 2026 – the first time it has passed that mark within a single quarter. Revenue rose 13% year-on-year to EGP 7.0 billion (around EUR 119.9m), while EBITDA climbed 18% to EGP 0.9 billion. Net profit reached EGP 1.1 billion, up 98% on the same quarter last year, with the margin widening to 16.1%.
Diana van Splunter is stepping down as Chief Operating Officer of Best Wool Carpets on 27 August 2026. She joined the Dutch specialist in wool carpets and carpet flooring in 2022.
Christoph Wackerbauer, most recently Managing Director of Brüder Schlau and the Hammer retail chain, is moving to the Obi Group. He takes on the role of Country Manager Obi Hungary – a position he previously held there from 2009 to 2015.
The world's largest flooring manufacturer, Mohawk Industries, has reported second-quarter 2026 results that significantly exceeded expectations. Net sales rose 6.8% to USD 3.0 billion (approx. EUR 2.63 billion), with adjusted earnings per share of USD 3.67.
European online rug retailer Rugvista has reported significant gains for the second quarter of 2026. Net revenue rose by 15.6% to SEK 173.9 million (approx. EUR 15.7 million; prior year: SEK 150.5 million), while operating profit improved from SEK 7.1 million to SEK 20.5 million.
Die Heimtextil 2027 strukturiert den Bereich Carpets & Rugs neu. Maschinengewebte Teppiche sowie Anbieter von Fasern, Garnen und Technologien ziehen in Halle 3.1 in das Umfeld von Decorative & Furniture Fabrics.
The European Commission has opened formal proceedings against XXXLutz and Porta. The authority is investigating whether the companies involved in the planned acquisition of Porta by XXXLutz have breached the so-called standstill obligation under the EU Merger Regulation.
According to a NDR report, Deutsche Messe AG (Domotex, Ligna) forecasts a loss of around 25 million Euros for the current financial year. The company cites the ongoing difficult economic situation and noticeable restraint among exhibitors as the primary reasons.