Kjell Group AB (KJELL) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this Q1 presentation for the first quarter of 2025 from Shell Group. In normal order, it is me, Andreas, together with our CFO, Thomas Persson, who will go through today's presentation. And similarly, we have a relatively short agenda with En kort uppdatering om kvartalet innan Thomas går igenom lite mer siffrorna i detalj. Och så avslutar vi med en Q&A. If we look at the first quarter, we can see that sales in the quarter went up to 561 million compared to 591 in previous years. The gross margin was improved somewhat with 0.2 points to 42.1, which led to a gross profit in the quarter of 236 million. Even the adjusted results in the quarter were improved somewhat and fell to minus 2.3 compared to minus 5.6 per year. If we look at the quarter in general, we are affected on all markets by an increased concern in the consumer leadership. The lighting we saw at the end of 2024 and the beginning of January this year has changed dramatically, and we saw consumer confidence during the month of March, especially in Sweden and Denmark, have fallen sharply. Osäkerheten hos konsumenterna har relaterat för vår del i lägre andel trafik till våra kanaler, främst då i Sverige och Norge, medan trafiken i de norska delarna av verksamheten är relativt oförändrad jämfört med föregående år. We see that we now, in the future, will have to deal with a greater uncertainty in the market, which makes it even more important for us as a company to be close to the consumer and focus on the things we ourselves can influence. During the beginning of the quarter, we have continued with the work and the initiatives that we have previously presented, where we focus on the things we can influence. connected to a lot of costs, but above all to develop assortment and offers ...