Slide 1: Kjell Group Q2 Report 2024
Kjell Group • Q2 Report 2024 • Andreas Rylander (CEO), Thomas Pehrsson (CFO) • 2024-07-24
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: Second quarter 2024
Second quarter 2024 Net sales amounted to MSEK 594,4 (568.5) Gross profit declined 0,7% to MSEK 242.2 (243.9) Gross margin at 40.8% (42.9) Adjusted EBITA totalled MSEK 0.3 (-2.3) Net profit for the quarter amounted to MSEK -18.4 (-17.9) January 1st – June 30th 2024 Net sales increased 3.4% to MSEK 1
Slide 5: Positive result and growth on all markets
Positive result and growth on all markets Increased net sales in all segments and a positive result for the group during the second quarter, which is historically the toughest one for the 64410 Nothing Ear industry. Efficiency program shows good results on our cost control, and measures within purch
Slide 6: Improved relevance increases customer satisfaction
Improved relevance increases customer satisfaction Consumer demand for relevance and service remains strong. We have – and will continue to – adapt our offer to be the most relevant choice for consumers. We have expanded our offer to also include efficient repair of consumer electronics, together wi
Slide 7: Financial development
Financial development 61409 USB 3.0 Hub
Slide 8: Sales development
Net Sales by segment, Q2 Sales development Denmark 14% Norway 15% Net Sales, MSEK Net Sales rolling 12m, MSEK Net sales LfL Growth % 800 Sweden 762 71% 2 598 2 559 2 559 2 573 700 2 526 651 591 594 600 569 Omnichannel sales Q2 500 3% 2% 4% 0% 400 -9% 1% 29% 300 200 61% 9% 100 - Q2 23 Q3 23 Q4 23 Q1
Slide 9: Adjusted EBITA
Adjusted EBITA Adjusted EBITA, MSEK ▪ Adjusted EBITA at MSEK 0.3 (-2.3) 50,0 40,0% 40,0 30,0% ▪ Strong net sales growth offset by lower gross 42,9 margin driven by product mix effects 30,0 20,0% 28,4 ▪ Considerable cost inflation, increased employers’ 20,0 social security contributions adversely imp
Slide 10: Segment development
Segment development Sweden Norway Denmark ▪ Sales growth in Sweden driven by increase ▪ Strong sales growth in Norway driven by ▪ Sales growth in Denmark driven by of average transaction value increase of average transaction value increase of transactions ▪ Lower gross margin due to higher sales ▪ G
Slide 11: Strong cash flow and reduced net debt YoY
Strong cash flow and reduced net debt YoY 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 27 capital utilization through systematical am
Slide 12: CEO reflections
CEO reflections Market climate is gradually improving, and the company is in a preferrable position due to our branding and relevance investments. New technological innovations are rapidly becoming a part of everyday lives. Pricing within 5G is decreasing, and categories connected to the technology
Slide 13: Summary
Summary 65290 Laptop Stand Solid performance in the quarter – with improved results, sales and customer satisfaction Efficiency initiatives have shown positive signs and will have increased effects going forward. Improvements connected to product mix to strengthen margins in the future. The second q
Slide 14: Q&A
Q&A 61409 USB 3.0 Hub
Slide 15: Kjell & Company
Kjell & Company