Kjell Group AB · OMXSTO:KJELL
Kjell Group AB — Q4 2021 Earnings Presentation
16 slides from Kjell Group AB's earnings presentation, Feb 25, 2022
Slide 1: Kjell Group Q4 and Year-end report 2021
Kjell Group Q4 and Year-end report - 2021 2022-02-25 Andreas Rylander CEO Niklas Tyrén CFO
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 • Events after the period • Summary • Q&A
Slide 4: Full-year 2021
Full-year 2021 • Net sales increased by 20% to 2,398 (1,999) MSEK – Improved sales driven by award-winning omni-channel offering – New partnership and Danish segment contributed and opens possibilities for future growth – Revenue growth on all markets despite challenging market conditions • Adjusted
Slide 5: Fourth quarter 2021
Fourth quarter 2021 • Net sales increased by 22.9% to 818.8 (666.1) MSEK – Sales growth across all segments and channels • Adjusted EBITA of 87.9 (73.7) MSEK • Solid development of the customer club which now exceeds 2.6M members
Slide 6: Fourth quarter 2021
Fourth quarter 2021 • Five new service points in Q4, of which two in Norway and three in Sweden • Online sales rose sharply and accounted for 32% of sales in the fourth quarter where Click&Collect contributed another 8% • Good availability of products to our customers despite major challenges in shi
Slide 7: Fourth quarter 2021
Fourth quarter 2021 • Sales in Sweden was stable and increased by 6.9% in the quarter and by 8.3% during the year • Strong sales development in Norway - +23.0% in Q4 and +19.4% in 2021 • AV-Cables.dk, which was consolidated in Kjell Group from 30 April 2021, developed according to plan
Slide 8: Financial development
Financial development
Slide 9: Continued strong sales growth in Q4
Continued strong sales growth in Q4
Slide 10: Strong growth in Adjusted EBITA
Strong growth in Adjusted EBITA • Adjusted EBITA of 87.9 MSEK, growth of 19.2% Q/Q • Full year Adjusted EBITA of 188.1 MSEK, growing 28.1% YoY • Adjusted EBITA margin of 10.7% – Continued stable margin development • Full year Adjusted EBITA margin of 7.8%
Slide 11: Segment development
Segment development • All segments contributed to sales growth • Sweden grew 6.9% in the quarter and 8.3% full year • Norway grew 23.0% in the quarter and 19.4% full year • Denmark contributed with 92.9 MSEK in the quarter and 204.4 MSEK YTD (included from May 2021)
Slide 12: Financial position
Financial position • Q4 cash flow from operating activities amounted to 144.1 (177.8) MSEK • Cash and cash equivalents at the end of 2021 amounted to 193.8 (340.4) MSEK • Q4 investments in tangible and intangible assets amounted to 20.3 (14.7) MSEK • Financial Net Debt/Adjusted EBITDAaL of 1.7x
Slide 13: Events after the period
Events after the period • Impact of Covid -19 during the year's first month on all markets • From end of January, all markets eased the majority of the restrictions • Two new service points were established in Norway during the first quarter of 2022
Slide 14: Summary
Summary • Sales growth and improved earnings despite challenging market conditions • Continued successful efforts to secure supply and value chains • Unique concept with focus on accessories, advise and knowledge • Well positioned for future growth - market leading omni-channel customer offering
Slide 15: Q&A
Q&A Kjell& Company
Slide 16: Kjell & Company
Kjell& Company