Profitable growth and strong cash flow
Third quarter
- Net sales increased 5.5% to MSEK 650.8 (617.0)
- Comparable growth amounted to 3.4% (1.1)
- Gross profit increased 4.5% to MSEK 279.7 (267.6) and the gross margin was 43.0% (43.4)
- Adjusted EBITA totalled MSEK 42.9 (40.8) and the adjusted EBITA margin was 6.6% (6.6)
- Operating profit amounted to MSEK 38.0 (36.4) and the operating margin to 5.8% (5.9)
- Net profit for the quarter amounted to MSEK 25.2 (25.7)
- Cash flow from operating activities totalled MSEK 131.2 (83.4)
- Earnings per share before and after dilution amounted to
SEK 0.81 (0.83)
1 January – 30 September
- Net sales declined 2.6% to MSEK 1,797.5 (1,846.0)
- Comparable growth amounted to -4.5% (6.6)
- Gross profit declined 1.7% to MSEK 775.1 (789.0) while the gross margin improved to 43.1% (42.7)
- Adjusted EBITA totalled MSEK 51.7 (77.7) and the adjusted EBITA margin was 2.9% (4.2)
- Operating profit amounted to MSEK 37.5 (64.7) and the operating margin to 2.1% (3.5)
- The net loss for the period amounted to MSEK -0.1 (profit: 39.6)
- Cash flow from operating activities totalled MSEK 102.4 (29.3)
- Earnings per share before and after dilution amounted to
SEK -0.00 (1.27)
Significant events during and after the end of the quarter
- In September,
Kjell & Company was named Sweden’s strongest consumer electronics brand in the Evimetrix Swedish Brand Awards - In October,
Kjell & Company was named the top consumer electronics company at Market magazine’s Market Awards - In August, a collaboration was initiated with 24SJU, with the goal of having established
Kjell & Company Express at all of the franchise chain’s 86 unmanned stores inSweden by the end of the year
“We consider this profitable sales growth to be a very positive sign and confirmation of the strength of
Webcast in connection with the publication of the interim report
The presentation material is available on the Group’s website:
https://www.kjellgroup.com/investerare/finansiella-rapporter/.
Interim reports
The complete interim report for the period January–September 2023 and earlier reports are available on www.kjellgroup.com.
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