Focus on market share and efficiency in a cautious market
Third quarter
- Net sales declined 4.1% to MSEK 624.3 (650.8)
- Comparable growth amounted to -3.6% (3.4)
- Gross profit declined 9.7% to MSEK 252.5 (279.7) and the gross margin decreased to 2.6 percentage points to 40.4% (43.0)
- Adjusted EBITA totalled MSEK 21.0 (42.9) and the adjusted EBITA margin was 3.4% (6.6)
- Operating profit amounted to MSEK 14.9 (38.0) and the operating margin to 2.4% (5.8)
- Net profit for the quarter was MSEK 4.2 (25.2)
- Cash flow from operating activities totalled MSEK -12.2 (131.2)
- Earnings per share before and after dilution amounted to SEK 0.13 (0.81)
1 January - 30 September (the period)
- Net sales increased 0.7% to MSEK 1,810.1 (1,797.5)
- Comparable growth amounted to 0.5% (-4.5)
- Gross profit declined 4.2% to MSEK 742.4 (775.1) and the gross margin decreased to 2.1 percentage points to 41.0% (43.1)
- Adjusted EBITA totalled MSEK 15.7 (51.7) and the adjusted EBITA margin was 0.9% (2.9)
- The company's operating loss amounted to MSEK -6.5 (profit: 37.5) and the operating margin to -0.4% (2.1)
- The net loss for the period amounted to MSEK -35.9 (-0.1)
- Cash flow from operating activities totalled MSEK -4.2 (102.4)
- Earnings per share before and after dilution amounted to SEK -1.15 (-0.00)
Significant events during and after the end of the quarter
- No significant events took place during or after the quarter
"The quarter has been characterised by an intense campaign-driven market, which we are navigating through activities focused on strengthening Kjell's position in the market", says Andreas Rylander, CEO Kjell Group.
Webcast in connection with the publication of the interim report
Andreas Rylander, President and CEO, and Thomas Pehrsson, CFO, will hold a webcast in connection with the publication of the interim report at 10:00 a.m. on 24 Oktober 2024. To participate in the conference, follow the link https://ir.financialhearings.com/kjell-group-q3-report-2024. The presentation material is available on the Group's website: https://www.kjellgroup.com/investerare/finansiella-rapporter/.
Interim reports
The complete interim report for January-September 2024 and earlier reports are available on www.kjellgroup.com
Contacts Kjell Group
Andreas Rylander, CEO +46 (0)73 5181 001, andreas.rylander@kjell.com
Thomas Pehrsson, CFO +46 (0)72 514 38 89, thomas.pehrsson@kjell.com
Certified adviser
FNCA Sweden AB is the company's certified adviser.
About Us
Kjell Group offers the most comprehensive assortment of electronic accessories on the market. The company operates online in Sweden, Norway, and Denmark, as well as through 146 service points, including 115 in Sweden and 31 in Norway. Headquartered in Malmö, the company generated SEK 2.6 billion in revenue in 2023.
With Kjell & Company's customer club, which boasts over 3 million members, and its Danish subsidiary AV-Cables, the Group has a unique understanding of people's technology needs. Approximately 1,200 employees work every day to improve lives through technology.
Learn more at kjell.com or kjellgroup.com
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This information is information that Kjell Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-10-24 07:00 CEST.
