Growth and improved performance in the quarter
Fourth quarter
- Net sales increased 1.5% to MSEK 773.4 (761.9)
- Comparable growth amounted to 1.0% (-0.4)
- Gross profit increased 0.3% to MSEK 304.5 (303.5) and the gross margin decreased to 0.4 of a percentage point to 39.4% (39.8)
- Adjusted EBITA totalled MSEK 33.3 (28.4) and the adjusted EBITA margin was 4.3% (3.7)
- Operating profit amounted to MSEK 19.9 (22.1) and the operating margin to 2.6% (2.9)
- Net profit for the quarter was MSEK 16.0 (12.5)
- Cash flow from operating activities totalled MSEK 142.7 (157.4)
- Earnings per share before and after dilution amounted to SEK 0.51 (0.40)
1 January-31 December (period)
- Net sales increased 0.9% to MSEK 2,583.6 (2,559.4)
- Comparable growth amounted to 0.8% (-3.2)
- Gross profit declined 2.9% to MSEK 1,046.9 (1,078.6) and the gross margin decreased 1.6 percentage points to 40.5% (42.1)
- Adjusted EBITA totalled MSEK 49.1 (80.1) and the adjusted EBITA margin was 1.9% (3.1)
- Operating profit amounted to MSEK 13.4 (59.6) and the operating margin to 0.5% (2.3)
- Net profit for the period amounted to MSEK -19.9 (12.4)
- Cash flow from operating activities totalled MSEK 139.2 (259.7)
- Earnings per share before and after dilution amounted to SEK -0.64 (0.40)
Significant events during and after the end of the quarter
- During the quarter, Kjell Group announced an investment in a new automated central warehouse and a fully guaranteed rights issue intended to strengthen its financial position
- After the end of the quarter, Kjell Group presented new financial targets in conjunction with the publication of the year-end report for 2024
"We noted a positive trend during the quarter in terms of visitors to our retail locations in Sweden and Norway, reflecting a successful combination of increased demand and strategic marketing efforts", 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 13 February 2024. To participate in the conference, follow the link https://kjell-group.events.inderes.com/q4-report-2024. The presentation material is available on the Group's website: https://www.kjellgroup.com/en/investors/financial-reports/.
Interim reports
The complete interim report for January-December 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.
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 2025-02-13 07:00 CET.
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 145 service points, including 114 in Sweden and 31 in Norway. Headquartered in Malmö, the company generated SEK 2.6 billion in revenue in 2024.
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
Follow us on LinkedIn, Facebook, Instagram
