Kjell Group AB (KJELL) Q4 2025 Earnings Call

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Godmorgon och välkomna till presentationen av vår bokslutskommuniqué för 2025. Det fjärde kvartalet, det kvartal som oftast är viktigast för retailen, har varit händelserikt för oss. But unlike an ordinary fourth quarter, it is not really about the predictable season logics when you are in a transformation, as we do. We have initiated and implemented a number of initiatives that are outside the running administration of the company. Some of these effects will be visible sooner or later, but it also affects the outcome of the quarter. Our presentation today will of course be about the quarter as a whole and the work that we have carried out during this period. But we were also going to take the opportunity to tell you a little about the transfer of laws we have carried out here during January and an update on some other areas that we are working on during 2026. But first we start with some important key points from the quarter. On the group level, we had a turnover drop of about 10% in the quarter. Precis som under tidigare kvartal under året så hänförs mycket av tappet till vårt danska dotterbolag AV Cables även under det fjärde kvartalet. Om vi tittar på den svenska och norska verksamheten så tappar även den omsättning under det fjärde kvartalet. Att vi under den andra halvan av det gångna året ägnat oss åt en sortimentsöversyn där vi bland annat rensat ut 30% av vårt sortiment har haft betydande effekt på vår lagartillgänglighet i alla våra kanaler och därmed också försäljningen. The availability of the right storage items is a problem that is not new to us, but it becomes very visible and even more real when one makes such a analysis that we are starting with. We assess that our revenue drop during the quarter is primarily due to our availability of products. At t...