Growth of own brands and strong cash flow boost our confidence in the future
Fourth quarter
- Net sales declined 6.9% to MSEK 762.0 (818.8)
- Comparable growth amounted to -10.6% (5.8)
- Gross profit declined 6.5% to MSEK 310.2 (331.8) and the gross margin was 40.7% (40.5)
- Adjusted EBITA totalled MSEK 57.1 (87.9) and the adjusted EBITA margin was 7.5% (10.7)
- Operating profit amounted to MSEK 52.5 (85.9) and the operating margin to 6.9% (10.5)
- Net profit for the quarter amounted to MSEK 31.5 (66.2)
- Cash flow from operating activities totalled MSEK 213.0 (144.1)
- Earnings per share before and after dilution amounted to
SEK 1.01 (2.13)
1 January–31 December (period)
- Net sales increased 8.8% to MSEK 2,607.9 (2,398.0)
- Comparable growth amounted to 0.7% (6.8)
- Gross profit increased 7.4% to MSEK 1,099.2 (1,023.3) and the gross margin was 42.1% (42.7)
- Adjusted EBITA totalled MSEK 134.8 (188.1) and the adjusted EBITA margin was 5.2% (7.8)
- Operating profit amounted to MSEK 117.2 (140.0) and the operating margin to 4.5% (5.8)
- Net profit for the period amounted to MSEK 71.2 (62.4)
- Cash flow from operating activities totalled MSEK 242.2 (152.3)
- Earnings per share before and after dilution amounted to
SEK 2.29 (1.75*)
Significant events during and after the end of the quarter
- Two new service points were opened in
Sweden during the quarter - At the Retail Awards on 6th of October, arranged by the
Swedish Trade Federation ,Kjell & Company won the purchasing experience of the year award for 2022, as voted by consumers - The partnership with SkiStar began as a pilot project where, starting in December, the company’s products are available via
Kjell & Company Express for consumers at 14 SkiStar stores inSweden andNorway
“During a year characterised by geopolitical and economic uncertainty,
Webcast in connection with the publication of the interim report
The presentation material is available on the Group’s website:
https://www.kjellgroup.com/en/investors/financial-reports/.
Interim reports
The complete interim report for the period January–December 2022 and earlier reports are available on www.kjellgroup.com.
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