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Mohawk Industries posted sales up 6 per cent to $7.8bn — or just under £5.1bn — in the 12 months to end December as the effects of higher demand and acquisitions kicked in.


The floorcoverings conglomerate — headquartered in Georgia in the US — has added businesses including Spano, Pergo and Marazzi to its group in recent years, and announced a deal to buy Belgian based IVC group only last month.


In FY 2014, Mohawk said Carpet segment sales were up 0.9 per cent to $3.01bn; Ceramic revenues climbed 13 per cent to $3.02bn; and Laminate and Wood sales rose 5.5 per cent to $1.89bn.


Group pre-tax earnings jumped by 49 per cent to $664m — or £430m — for the year, as the flooring giant made the most of synergies, higher sales and productivity improvements.


It said it completed construction of its new LVT plant in Belgium — where it runs the Quick-Step owning Unilin business — during the final quarter of 2014, and advised that its IVC acquisition would complete some time in the second quarter of 2015.



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