Kjell Group Ab · OMXSTO:KJELL
Kjell Group Ab — Q3 2024 Earnings Presentation
15 slides from Kjell Group Ab's earnings presentation, Oct 24, 2024
Slide 1: Kjell Group Q3 Report 2024
Kjell Group • Q3 Report 2024 • Andreas Rylander (CEO), Thomas Pehrsson (CFO) • 2024-10-24
Slide 2: Disclaimer
Disclaimer The presentation contains forward-looking statements. All statements other than statements of historical fact included in the Information are forward-looking statements. Forward-looking statements give the Company’s current expectations and projections relating to its financial condition,
Slide 3: Agenda
Agenda Business update Financial development CEO reflections Summary 64742 Q&A Levitating Lamp
Slide 4: Third quarter 2024
Third quarter 2024 Net sales amounted to MSEK 624.3 (650.8) Gross profit declined 9.7% to MSEK 252.5 (279.7) Gross margin at 40.4% (43.0) Adjusted EBITA totalled MSEK 21.0 (42.9) Net profit for the quarter amounted to MSEK 4.2 (25.2) January 1st – September 30th 2024 Net sales increased 0.7% to MSEK
Slide 5: Strong campaign performance in a competitive landscape
Strong campaign performance in a competitive landscape A challenging consumer electronics market resulted in intense campaign activity to capture the interest of price-sensitive consumers. Several marketing initiatives proved to be effective in gaining recognition and promote traffic to both service
Slide 6: Positive EBITA despite margin pressure
Positive EBITA despite margin pressure Our efficiency program is providing good cost control primarily within store operations and central functions, resulting in a positive EBITA. 64410 Further adjustments and efficiency enhancements Nothing Ear can be made for the benefit of long-term ambitions an
Slide 7: Financial development
Financial development 61409 USB 3.0 Hub
Slide 8: Sales development
Net Sales by segment, Q3 Sales development Denmark 11% Norway 16% Net Sales, MSEK Net Sales rolling 12m, MSEK Net sales LfL Growth % 800 Sweden 762 73% 2 598 2 559 2 559 2 573 2 572 700 651 624 591 594 600 Omnichannel sales Q3 500 3% 2% 4% 0% -4% 400 1% 27% 300 200 9% 63% 100 - Q3 23 Q4 23 Q1 24 Q2
Slide 9: Adjusted EBITA
Adjusted EBITA Adjusted EBITA, MSEK ▪ Adjusted EBITA at MSEK 21.0 (42.9) 50,0 40,0% 42,9 40,0 30,0% ▪ Lower EBITDA due to negative net sales growth together with lower gross margin driven by product mix effects and gross margin pressure 30,0 28,4 20,0% 21,0 20,0 ▪ Efficiency measures and further cos
Slide 10: Segment development
Segment development Sweden Norway Denmark ▪ Negative sales growth in Sweden driven by ▪ Negative sales growth in Norway driven by a ▪ Sales growth in Denmark driven by an increase fewer transactions, primarily through service negative exchange rate effect, partly offset by in average transaction val
Slide 11: Financial liquidity
Financial liquidity Core working capital, MSEK Cash flow from operating activities, MSEK Financial net debt, MSEK ▪ Continued improvement of core working ▪ Cash flow from operating activities ▪ Financial net debt increased by MSEK 48 capital utilization through systematical amounted to MSEK -12 (131
Slide 12: CEO reflections
CEO reflections We are anything but satisfied with the outcome of the quarter and note that the market for consumer electronics remains cautious, with the return to previous consumption patterns taking longer than anticipated. The underlying trend remains favorable for consumer electronics, and we c
Slide 13: Summary
Summary 65290 Laptop Stand We conclude the quarter with weaker sales and a decreased gross margin. However, we managed to achieve a positive EBITA for the quarter due to efficiency improvements. The home electronics market has been highly competitive during the quarter, fueled by campaigns targeting
Slide 14: Q&A
Q&A 61409 USB 3.0 Hub
Slide 15: Kjell & Company
Kjell & Company