Kjell Group Ab · OMXSTO:KJELL
Kjell Group Ab — Q1 2025 Earnings Presentation
17 slides from Kjell Group Ab's earnings presentation, Apr 24, 2025
Slide 1: Kjell Group Q1 Report 2025
Kjell Group • Q1 Report 2025 • Andreas Rylander (CEO), Thomas Pehrsson (CFO) • 2025-04-24
Slide 2: Disclaimer
Disclaimer The presentation contains forward-looking statements. All statements other than statements of historical fact included in the Information are statements. Forward-looking statements give the Company’s current expectations and projections relating to it forward-lookings financial condition,
Slide 3: Agenda
Agenda Business update Financial development Concluding CEO reflections Q&A 64742 Levitating Lamp
Slide 4: First quarter 2025
First quarter 2025 Net sales decreased 5.1% to MSEK 561.3 (591.4) Gross profit decreased 4.7% to MSEK 236.1 (247.6) Gross margin increased 0.2%p to 42.1% (41.9) 65210 4-Port USB-C Hub Adjusted EBITA totalled MSEK -2.3 (-5.6) Net profit for the quarter amounted to MSEK -20.7 (-21.7)
Slide 5: Continued focus on profitability
Continued focus on profitability While the end of 2024 showed signs of recovery in consumer sentiment, the first quarter of 2025 has been marked by renewed uncertainty in the global environment. In Sweden, we observed a decline in store visits, whereas visitor levels in Norway remained in line with
Slide 6: Operational discipline supporting margin improvement
Operational discipline supporting margin improvement Despite a soft market and lower store traffic in Sweden, improved operational efficiency contributed to a strengthened gross margin. Supported by initiatives from previous quarters, gross margin increased by 0.2 percentage points to 42.1%, corresp
Slide 7: Strong ownership and secured capital enable forward-looking investments
Strong ownership and secured capital enable forward-looking investments With the completion of a fully subscribed rights issue during the quarter, we secured SEK 199.1 million in new capital. This, combined with the commitment of long- 64410 Nothing Ear term owners, provides a solid foundation for f
Slide 8: Clear path to increased profitability
Clear path to increased profitability
Slide 9: Financial development
Financial development 61409 USB 3.0 Hub
Slide 10: Sales development
Net Sales by segment, Q1 Sales development Denmark 11% Norway 17% Net Sales, MSEK Net Sales rolling 12m, MSEK Net sales LfL Growth % 900 Sweden 72% 2 598 2 584 2 573 2 572 773 2 554 800 700 624 594 600 591 561 Omnichannel sales Q1 500 2% 4% 1% -3% -5% 1% 400 28% 300 200 62% 9% 100 - Q1 24 Q2 24 Q3 2
Slide 11: Adjusted EBITA
Adjusted EBITA Adjusted EBITA, MSEK ▪ Adjusted EBITA at MSEK -2.3 (-5.6) for the quarter 40 40% ▪ Adjusted EBITA margin increased by 0.5 35 33,3 percentage points to -0.4 percent year on year 30 30% ▪ Items affecting comparability at MSEK 4.9 (2.4) for 25 the quarter 21,0 20% 20 ▪ The adjusted EBITA
Slide 12: Segment development
Segment development Sweden Norway Denmark ▪ Negative sales growth driven by fewer ▪ A positive sales growth in Norway driven by an ▪ Sales decline in Denmark driven by fewer increase in average transaction value, partially transactions, in part compensated by an transactions, primarily through fewer
Slide 13: Financial liquidity
Financial liquidity Core working capital, MSEK Cash flow from operating activities, MSEK Financial net debt, MSEK ▪ Core working capital decreased by MSEK ▪ Cash flow from operating activities ▪ Financial net debt increased by MSEK 28 10 compared to same quarter last year amounted to MSEK 9 (-5) com
Slide 14: Outcome of the rights issue
Outcome of the rights issue Highly preliminary and illustrative impact on Net debt / Adj. EBITDA LTM (excl. IFRS 16) Following the end of the quarter, we announced the outcome of the fully guaranteed rights issue. 4.1x Approximately 27.8 million shares, representing around 99.2% of the total offerin
Slide 15: Concluding CEO reflections
Concluding CEO reflections 65290 Laptop Stand In an uncertain market, relevance is key. Our focus remains on understanding our customers and adapting our offering quickly to meet changing needs—ensuring continued relevance across all channels. Profitability improved thanks to strong operational exec
Slide 16: Q&A
Q&A 61409 USB 3.0 Hub
Slide 17: Kjell & Company
Kjell & Company