Sweden's Kjell Group Q4 sales fall 9.9% due to inventory issues

Kjell AB (publ)

20/01/2026 01:38

Overview

Swedish electronics accessory retailer's Q4 net sales fell 9.9% due to inventory issues

Gross margin improved to 43.2%, driven by private label products and older inventory sell-through

Adjusted EBITA rose to SEK 37.8 mln with a margin of 5.4%

Outlook

Company did not provide specific financial guidance for future quarters or years

Result Drivers

INVENTORY CHALLENGES - Net sales declined due to limited availability of the right inventory items during the quarter

PRIVATE LABEL PRODUCTS - Gross margin improved due to a higher share of private label products and sell-through of older inventory

STRONG CASH FLOW - Positive cash flow driven by reduced inventory and lower trade receivables

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
SEK 697.20 mln
Q4 Gross Margin
43.20%
Q4 Adjusted EBITA
SEK 37.80 mln
Q4 Adjusted EBITA Margin
5.40%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the computer & electronics retailers peer group is "buy."

Wall Street's median 12-month price target for Kjell Group AB (publ) is SEK9.00, about 6.9% above its January 16 closing price of SEK8.42

Press Release: ID:nMFN8XMh2h

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(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.)