Stable sales and lower net debt
Fourth quarter
- Net sales totalled MSEK 761.9 (762.0)
- Comparable growth amounted to -0.4% (-10.6)
- Gross profit declined 2.2% to MSEK 303.5 (310.2) and the gross margin was 39.8% (40.7)
- Adjusted EBITA totalled MSEK 28.4 (57.1) and the adjusted EBITA margin was 3.7% (7.5)
- Operating profit amounted to MSEK 22.1 (52.5) and the operating margin to 2.9% (6.9)
- Net profit for the quarter amounted to MSEK 12.5 (31.5)
- Cash flow from operating activities totalled MSEK 157.3 (213)
- Earnings per share before and after dilution amounted to
SEK 0.40 (1.01)
1 January–31 December (period)
- Net sales declined 1.9% to MSEK 2,559.4 (2,607.9)
- Comparable growth amounted to -3.2% (0.7)
- Gross profit declined 1.9% to MSEK 1,078.6 (1,099.2) while the gross margin was unchanged at 42.1% (42.1)
- Adjusted EBITA totalled MSEK 80.1 (134.8) and the adjusted EBITA margin was 3.1% (5.2)
- Operating profit amounted to MSEK 59.6 (117.2) and the operating margin to 2.3% (4.5)
- Net profit for the period amounted to MSEK 12.4 (71.2)
- Cash flow from operating activities totalled MSEK 259.7 (242.2)
- Earnings per share before and after dilution amounted to
SEK 0.40 (2.29)
Significant events during and after the end of the quarter
- In November,
Erik Hansson was appointed as the new CFO ofKjell Group . He will take office by1 June 2024 at the latest. Kjell Group’s Head of Group Finance & Business Control,Anders Hofvander , will serve as interim CFO afterNiklas Tyrén steps down from his position on 16 February.
“While this year’s Christmas shopping period was a disappointment for the industry as a whole,
Webcast in connection with the publication of the interim report
https://www.kjellgroup.com/investerare/finansiella-rapporter/.
Interim reports
The complete year-end report for January–December 2023 and earlier reports are available on www.kjellgroup.com.
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