Focus on profitability with a strengthened balance sheet
1 January - 31 March 2025
- Net sales declined 5.1% to MSEK 561.3 (591.4)
- Comparable growth amounted to -5.4% (2.4)
- Gross profit declined 4.7% to MSEK 236.1 (247.6) and the gross margin rose 0.2 of a percentage point to 42.1% (41.9)
- Adjusted EBITA totalled MSEK -2.3 (-5.6) and the adjusted EBITA margin was -0.4% (-0.9)
- The company's operating loss amounted to MSEK -11.8 (-12.6) and the operating margin to -2.1% (-2.1)
- The net loss for the quarter was MSEK -20.7 (-21.7)
- Cash flow from operating activities totalled MSEK 8.6 (-5.0)
- Earnings per share before and after dilution amounted to SEK -0.67 (-0.70)
Significant events during and after the end of the quarter
- During the quarter, Kjell Group announced that Sandra Gadd had been appointed as the company's new CEO. Andreas Rylander will remain in his current role until Sandra takes over in September 2025
- During the quarter, the Board of Directors of Kjell Group resolved to carry out a fully guaranteed rights issue of MSEK 199.1
- After the quarter, Kjell Group published its annual report and sustainability report for 2024
- After the end of the quarter, the company announced the final outcome of the rights issue, which was fully subscribed
"The first quarter of the year was dominated by a continued focus on profitability. Both the gross margin and operating profit improved as a result of strong operational measures implemented during the quarter and in the preceding year", 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. CEST on 24 April 2025.
To participate via the webcast, follow the link: https://kjell-group.events.inderes.com/q1-report-2025.
To participate via the teleconference, follow the link: https://conference.inderes.com/teleconference/?id=5003511.
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-March 2025 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 2025-04-24 07:00 CEST.
About Us
Kjell Group offers one of 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 1,350 employees work every day to improve lives through technology.
Learn more at kjell.com or kjellgroup.com
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