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Kjell Group
Kjell Group (KJELL) investor relations material
Kjell Group Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary24 Apr, 2026
Executive summary
Net sales declined 13.2% year-over-year to SEK 487.4 million, mainly due to inventory shortages and a major warehouse relocation impacting availability and sales, especially in January and February.
Gross margin improved to 44.9% from 42.1% year-over-year, driven by renegotiated supplier agreements, a favorable product mix, and a shift toward private label products.
Adjusted EBITA was SEK -13.3 million (margin -2.7%), down from SEK -2.3 million (-0.4%) in Q1 2025, mainly due to lower sales volumes; net loss widened to SEK -34.9 million from SEK -20.7 million.
Inventory availability improved by March, leading to a positive sales trend in Sweden and Norway, while Denmark continued to underperform.
Strategic focus for 2026 is on rebuilding assortment, organizational strengthening, and operational infrastructure, with Q4 growth as a key milestone.
Financial highlights
Net sales for Q1 were SEK 487.4 million, down 13.2% year-over-year; trailing twelve months net sales declined 9.7% to SEK 2,305.2 million.
Gross profit for the quarter was SEK 219.0 million, with a gross margin of 44.9%.
Adjusted EBITA was SEK -13.3 million (margin -2.7%), down from SEK -2.3 million (-0.4%) in Q1 2025.
Cash flow from operating activities was SEK -127 million, primarily due to increased inventory and lower payables.
Net financial debt at quarter-end was SEK 175.6 million, with net debt/EBITDAAL improved to 3.2 from 4.7.
Outlook and guidance
Q4 2026 is targeted as a key milestone for growth, with ongoing efforts to rebuild inventory and assortment.
Gradual improvements expected for AV-Cables through 2026, aiming for a return to growth in Q4.
Profitability remains the primary goal, with ongoing focus on operational execution and strategic transformation.
Financial targets include net sales growth above 5%, adjusted EBITA margin of 6-8%, and net debt to adjusted EBITDA below 2x.
Continued focus on assortment optimization, operational efficiency, and leadership strengthening.
Structural drivers of gross margin improvement
Strategy for the Danish segment turnaround
Impact of warehouse move on Q1 sales performance
Rationale for AV-Cables restart over divestment
Timeline for warehouse efficiency optimization
Sustainability of structural gross margin gains
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Latest events from Kjell Group
- Sales and profits fell, but gross margin and cash flow improved amid restructuring and new financing.KJELL
Q4 20259 Feb 2026 - Q3 net sales fell 4.1% and margins dropped, but efficiency gains support cautious optimism.KJELLQ3 202418 Jan 2026
- Q4 sales and margins improved, with new investments and a rights issue to drive future growth.KJELLQ4 202427 Dec 2025
- Q3 2025 sales fell 5.4% with heavy write-downs and restructuring efforts ongoing.KJELLQ3 202522 Oct 2025
- Sales fell 10.9% but margin gains and restructuring signal a recovery path.KJELLQ2 202518 Jul 2025
- Q2 sales grew 4.6% with margin pressure, improved EBITA, and reduced net debt.KJELLQ2 202413 Jun 2025
- Margins improved and losses narrowed despite lower sales, with new capital secured for growth.KJELLQ1 20256 Jun 2025
Next Kjell Group earnings date
Q2 202617 Aug, 2026
Kjell Group
Next Kjell Group earnings date
Q2 202617 Aug, 2026
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Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
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@ankurshah47_ x.com
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Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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