Kjell Group AB (KJELL) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to this presentation of the Q2 report for Shell Group. In addition to myself, our CFO Thomas Persson is with us today during the presentation. In normal order, we will have a short summary of the quarter before we move on to a short question time. If we jump into the report, we can see that we have had a challenging quarter behind us, where sales during Q2 decreased by over 10%. At the same time, we saw that gross marginals improved by 1.5%. till 42,2 procent vilket vi såklart ser positivt på. Det justerade resultatet för kvartalet landade på minus 9,2 jämfört med 0,3 föregående år och resultatet för kvartalet landade på minus 20,9 jämfört med 18,4 tidigare år. To briefly summarize the quarter, there are two things that stand out. First, AV cables and a very weak sales in the quarter, but let me get back to that. And partly a weak cash flow, where we see a temporary deviation under Q2 that affects the outfall in the negative quarter. cash flow, it is of course affected by a lower sales than we had expected in the quarter. And partly by a larger increase in storage before the summer season, where we see, among other things, that we are selling expensive egg brands in the form of robot grass clippers, among other things, but also more expensive robot vacuum cleaners. Vi har också en hel linje med nya produkter av egna varumärken som har kommit in under kvartalet och påverkar kassaflödet. Vår bedömning är att denna uppgång i lagret är tillfällig och vi förväntar oss en positiv återhämtning av det under Q3 och fortsatt över slutet av året. In line with what we have previously presented, investments continue in the new central storage outside Malmö's plan, which also affects the cash flow in the quarter. If we then move on to the segment, and as...