Focus on the core – We’re building a strong foundation to stand on
Third quarter
- Net sales decreased -5.4% to MSEK 590.9 (624.3)
- Comparable growth amounted to -4.7% (-3.6)
- Gross profit declined -32.0% to MSEK 171.7 (252.5) and the gross margin decreased to 29.1% (40.4)
- Exkluding one-off inventory write-downs, gross profit amounted to MSEK 245.9, corresponding to a gross margin of 41.6%
- Adjusted EBITA totalled MSEK 16.7 (21.0) and the adjusted EBITA margin was 2.8% (3.4)
- The company’s operating loss amounted to MSEK -340.2 (14.9) and the operating margin to -57.6% (2.4)
- The net loss for the quarter was MSEK -344.5 (4.2)
- Cash flow from operating activities totalled MSEK 103.2 (-12.2)
- Earnings per share before and after dilution amounted to SEK -5.82 (0.13)
1 January–30 September (the period)
- Net sales decreased -7.1% to MSEK 1,681.9 (1,810.1).
- Comparable growth amounted to -6.7% (0.5)
- Gross profit declined -15.0% to MSEK 631.4 (742.4) and the gross margin decreased to 37.5% (41.0)
- Adjusted EBITA totalled MSEK 5.2 (15.7) and the adjusted EBITA margin was 0.3% (0.9)
- The company’s operating loss amounted to MSEK -366.4 (-6.5) and the operating margin to -21.8% (-0.4)
- The net loss for the period amounted to MSEK -386.1 (-35.9)
- Cash flow from operating activities totalled MSEK -24.3 (-4.2)
- Earnings per share before and after dilution amounted to SEK -7.83 (-1.15)
Significant events during and after the end of the quarter
- Impairment of goodwill and inventory affects the result for the third quarter of 2025.
- Kjell Group prepares for the future by adjusting its workforce to align with the new central warehouse.
- Kjell & Company moves into IKEA – opening stores in Kalmar and Kungens Kurva.
- Sandra Gadd assumes the role of CEO.
- Fredrick Sjöholm is appointed new CFO of Kjell Group.
“Right now, it’s about focusing on the core: the customer and doing the hard work right. We must have a relevant assortment, be in the right place, and deliver world-class service”, says Sandra Gadd, CEO Kjell Group.
Webcast in connection with the publication of the interim report
Sandra Gadd, CEO, and Thomas Pehrsson, CFO, will hold a webcast in connection with the publication of the interim report at 10:00 a.m. on 22 October 2025.
Participate via webcast:
https://kjell-group.events.inderes.com/q3-report-2025
Participate via telefonkonferens:
https://conference.financialhearings.com/teleconference/?id=5009300
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 January–September 2025 and earlier reports are available on www.kjellgroup.com.