Sweden's Kjell Group Q2 sales rise on improved inventory availability

Kjell AB (publ)

17/08/2026 06:12

Overview
Sweden electronics accessories retailer's Q2 net sales grew 8.4% yr/yr, returning to growth
Adjusted EBITA for Q2 turned positive, and gross margin improved to 43.3%
Company says improved inventory and structured pricing drove profitability gains

Outlook
Kjell Group says preparations underway for the important fourth quarter

Result Drivers
INVENTORY AVAILABILITY - Co said improved inventory availability contributed to better results in Q2, per CEO Sandra Gadd
PRICING AND CAMPAIGNS - Co said more structured work on pricing and campaigns began to have an effect, according to CEO Sandra Gadd
PRODUCT RANGE FOCUS - Co continued efforts to create a more focused and relevant product range, per CEO Sandra Gadd

Company press release: ID:nMFN3XBMnq

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
SEK 574.30 mln
 
Q2 Adjusted Loss Per Share
 
SEK 0.13
 
Q2 Net Loss
 
SEK 12.60 mln
 
Q2 Gross Margin
 
43.30%
 
Q2 Adjusted EBITA
 
SEK 5.10 mln
 
Q2 Adjusted EBITA Margin
 
0.90%
 
Q2 Operating Profit
 
-SEK 5.70 mln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the computer & electronics retailers peer group is "buy."
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 42 three months ago

Reuters Recommended Reads
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Aug 14 - Sweden's Boozt Q2 revenue rises on increased demand in women's fashion
Aug 14 - Sweden's apparel maker Bjorn Borg Q2 profit more than doubles on e-commerce growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)