Kjell Group

Fourth quarter

• Net sales totalled MSEK 761.9 (762.0)
• Comparable growth amounted to -0.4% (-10.6)
• Gross profit declined 2.2% to MSEK 303.5 (310.2) and the gross margin was 39.8% (40.7)
• Adjusted EBITA totalled MSEK 28.4 (57.1) and the adjusted EBITA margin was 3.7% (7.5)
• Operating profit amounted to MSEK 22.1 (52.5) and the operating margin to 2.9% (6.9)
• Net profit for the quarter amounted to MSEK 12.5 (31.5)
• Cash flow from operating activities totalled MSEK 157.3 (213)
• Earnings per share before and after dilution amounted to SEK 0.40 (1.01)

1 January–31 December (period)

• Net sales declined 1.9% to MSEK 2,559.4 (2,607.9)
• Comparable growth amounted to -3.2% (0.7)
• Gross profit declined 1.9% to MSEK 1,078.6 (1,099.2) while the gross margin was unchanged at 42.1% (42.1)
• Adjusted EBITA totalled MSEK 80.1 (134.8) and the adjusted EBITA margin was 3.1% (5.2)
• Operating profit amounted to MSEK 59.6 (117.2) and the operating margin to 2.3% (4.5)
• Net profit for the period amounted to MSEK 12.4 (71.2)
• Cash flow from operating activities totalled MSEK 259.7 (242.2)
• Earnings per share before and after dilution amounted to SEK 0.40 (2.29)

Significant events during and after the end of the quarter

• In November, Erik Hansson was appointed as the new CFO of Kjell Group. He will take office by 1 June 2024 at the latest. Kjell Group’s Head of Group Finance & Business Control, Anders Hofvander, will serve as interim CFO after Niklas Tyrén steps down from his position on 16 February.

“While this year’s Christmas shopping period was a disappointment for the industry as a whole, Kjell Group achieved sales in line with the preceding year and cash flow that continued to reduce our debt”, says Andreas Rylander, CEO Kjell Group.

Webcast in connection with the publication of the interim report
Andreas Rylander, President and CEO, and Niklas Tyrén, 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://ir.financialhearings.com/kjell-group-q4-report-2023. The presentation material is available on the Group’s website:
https://www.kjellgroup.com/investerare/finansiella-rapporter/.

Interim reports
The complete year-end report for January–December 2023 and earlier reports are available on www.kjellgroup.com.