Kjell Group AB (Publ) – Year-end report 1 January – 31 December 2021

1 October–31 December

  • Net sales increased 22.9% to MSEK 818.8 (666.1). Excluding the acquisition of AV-Cables, sales growth totalled 9.0%, corresponding to MSEK 59.7
  • Comparable growth amounted to 5.8% (8.5)
  • Gross profit increased 17.7% to MSEK 331.8 (281.9) and the gross margin was 40.5% (42.3)
  • Adjusted EBITA totalled MSEK 87.9 (73.7) and the adjusted EBITA margin was 10.7% (11.1)
  • Operating profit amounted to MSEK 85.9 (71.4) and the operating margin to 10.5% (10.7)
  • Net profit for the quarter amounted to MSEK 66.2 (50.1)
  • Cash flow from operating activities totalled MSEK 144.1 (177.8)
  • Earnings per share before and after dilution amounted to SEK 2.13* (3.40)

1 January–31 December

  • Net sales increased 20.0% to MSEK 2,398.0 (1,999.0). Excluding the acquisition of AV-Cables, sales growth totalled 9.7%, corresponding to MSEK 194.6
  • Comparable growth amounted to 6.8% (5.7)
  • Gross profit increased 16.6% to MSEK 1,023.2 (877.5) and the gross margin was 42.7% (43.9)
  • Adjusted EBITA totalled MSEK 188.1 (146.9) and the adjusted EBITA margin was 7.8% (7.3)
  • Operating profit amounted to MSEK 140.0 (139.3) and the operating margin to 5.8% (7.0)
  • Net profit for the period amounted to MSEK 62.4 (58.8)
  • Cash flow from operating activities totalled MSEK 152.3 (237.0)
  • Earnings per share before and after dilution amounted to SEK 1.75* (1.43)

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

  • Kjell & Company awarded “Omni-Channel of the Year” at the 2021 Retail Awards.
  • During the quarter, five new service points were established, two in Norway and three in Sweden.
  • As of the publication of this report, two new service points had been established in the first quarter of 2022.
  • During the quarter, all markets experienced the highest rate of infection yet during the pandemic, with subsequent restrictions. However, after the end of the quarter, the majority of restrictions had been lifted in all markets.

Telephone conference in connection with the publication of the year-end report
Andreas Rylander, President and CEO, and Niklas Tyrén, CFO, will hold a telephone conference in connection with the publication of the year-end report at 10:00 a.m. on 25 February 2022. To participate in the conference, call +46850558357 or follow the link https://tv.streamfabriken.com/kjell-group-q4-2021. The presentation material is available on the Group’s website: https://kjellgroup.azurewebsites.net/investerare/presentationer.

Interim reports
The complete year-end report for January–December 2021 and earlier reports are available on www.kjellgroup.com.

*Earnings per share excl. the cumulative dividend (after tax) that accrues on the preference shares described in Note 6 amounted to SEK 2.13 (4.37) for the quarter and SEK 3.71 (5.13) for the period.

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