Kjell Group AB (Publ) – Year-end report 1 January – 31 December 2024
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