Kjell Group AB (Publ) – Interim report Q3, 1 January–30 September 2021

Third quarter

  • Net sales increased 19.7% to MSEK 589.0 (492.0) Excluding the acquisition of AV-Cables, sales growth totalled 6.2%, corresponding to MSEK 30.3
  • Comparable growth amounted to 3.4% (4.7%)
  • Gross profit increased 15.0% to MSEK 250.3 (217.6) and the gross margin was 42.5% (44.2%)
  • Adjusted EBITA totalled MSEK 51.2 (45.0) and the adjusted EBITA margin was 8.7% (9.2%)
  • Operating profit amounted to MSEK 22.7 (44.5) and the operating margin to 3.9% (9.0%)
  • Net profit for the quarter amounted to MSEK 1.3 (22.3)
  • Cash flow from operating activities totalled MSEK 49.7 (46.8)
  • Earnings per share before and after dilution amounted to SEK -0.63 (1.00)

1 January–30 September

  • Net sales increased 18.5% to MSEK 1,579.2 (1,332.9) Excluding the acquisition of AV-Cables, sales growth totalled 10.1%, corresponding to MSEK 134.9
  • Comparable growth amounted to 7.3% (4.3%)
  • Gross profit increased 16.1% to MSEK 691.4 (595.6) and the gross margin was 43.8% (44.7%)
  • Adjusted EBITA totalled MSEK 100.2 (73.1) and the adjusted EBITA margin was 6.3% (5.5%)
  • Operating profit amounted to MSEK 54.2 (67.9) and the operating margin to 3.4% (5.1%)
  • Net loss for the period amounted to MSEK -3.8 (8.8)
  • Cash flow from operating activities totalled MSEK 8.2 (59.2)
  • Earnings per share before and after dilution amounted to SEK -3.08 (1.97)

Significant events during the quarter and after the end of the quarter

  • Listing of the company on Nasdaq First North Growth Market on 16 September
  • COVID-19 retail restrictions lifted in all markets towards the end of the quarter
  • At the beginning of the fourth quarter, two new service points were opened in Norway and one in Sweden, and it has been decided to open an additional four service points in the near future
  • Kjell & Company awarded “Omni-Channel of the Year” at the 2021 Retail Awards

Telephone conference in connection with the publication of the interim report
Andreas Rylander, President and CEO, and Niklas Tyrén, CFO, will hold a telephone conference in connection with the publication of the interim report at 10:00 a.m. on 18 November 2021. To participate in the conference, call +46 8 5055 8375 or follow the link https://tv.streamfabriken.com/kjell-group-q3-2021. The presentation material is available on the Group’s website: https://kjellgroup.azurewebsites.net/investerare/presentationer.

Interim reports
The complete interim report for January–September 2021 is available on www.kjellgroup.com.

Contacts Kjell Group

Andreas Rylander, CEO +46 (0)73 5181 001, andreas.rylander@kjell.com 
Niklas Tyrén, CFO +46 (0)70 2690 279, niklas.tyren@kjell.com
Johan Hähnel, IR, +46 (0)70 6056 334, johan.hahnel@kjell.com

Certified adviser

FNCA Sweden AB is the company’s certified adviser. FNCA can be reached at info@fnca.se or +46 (0)8 5280 0399.

This information is information that Kjell Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-11-18 07:00 CET.

About Us

Kjell Group offers the market's most complete product range in electronic accessories, including consulting and installation. The business is conducted online in Sweden, Norway and Denmark and via 133 service points, of which 108 in Sweden and 25 in Norway.

Through Kjell & Company's customer club, with over 2.4 million members and wholly owned Danish AV-Cables, the company has a unique understanding of people's technology needs, and the Group's approximately 1,200 employees work every day to improve people's lives through technology.

Attachments

Kjell Group Interim Report Q3 2021

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