New Risk • Jul 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Board Change • Jun 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Ola Burmark is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • May 20
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Ola Burmark is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annonce • Jan 21
Kjell Group AB (publ), Annual General Meeting, May 20, 2026 Kjell Group AB (publ), Annual General Meeting, May 20, 2026. Annonce • May 21
Kjell Group AB (Publ) Appoints New Members of the Board Kjell Group AB (publ) at its Annual General Meeting held on 21 May, 2025 appointed David Zaudy, Ebba Ljungerud and Adeline Sterner as new members of the Board. Annonce • Apr 03
Kjell Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 199.05817 million. Kjell Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 199.05817 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 28,036,362
Price\Range: SEK 7.1
Transaction Features: Regulation S; Rights Offering Annonce • Feb 21
Kjell Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 199.05817 million. Kjell Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 199.05817 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 28,036,362
Price\Range: SEK 7.1
Transaction Features: Rights Offering Annonce • Jan 15
Kjell Group AB (publ) to Report Q4, 2024 Results on Feb 13, 2025 Kjell Group AB (publ) announced that they will report Q4, 2024 results at 7:00 AM, Central European Standard Time on Feb 13, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: kr0.13 (vs kr0.81 in 3Q 2023) Third quarter 2024 results: EPS: kr0.13 (down from kr0.81 in 3Q 2023). Revenue: kr624.3m (down 4.1% from 3Q 2023). Net income: kr4.16m (down 84% from 3Q 2023). Profit margin: 0.7% (down from 3.9% in 3Q 2023). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Annonce • Sep 18
Kjell Group AB (publ), Annual General Meeting, May 21, 2025 Kjell Group AB (publ), Annual General Meeting, May 21, 2025. Reported Earnings • Jul 25
Second quarter 2024 earnings released: kr0.59 loss per share (vs kr0.57 loss in 2Q 2023) Second quarter 2024 results: kr0.59 loss per share (further deteriorated from kr0.57 loss in 2Q 2023). Revenue: kr594.4m (up 4.5% from 2Q 2023). Net loss: kr18.4m (loss widened 3.0% from 2Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Annonce • May 17
Kjell Group AB (Publ) Approves Election of Board of Directors Kjell Group AB (publ) held its Annual General Meeting on 15 May 2024 in Malmö. The Annual General Meeting resolved that the Board elected Jan Friedman as a new member of the Board. Jan Friedman was elected as new Chairperson of the Board and Ingrid Jonasson Blank was elected as deputy Chairperson of the Board. Reported Earnings • Apr 26
First quarter 2024 earnings released: kr0.70 loss per share (vs kr0.24 loss in 1Q 2023) First quarter 2024 results: kr0.70 loss per share (further deteriorated from kr0.24 loss in 1Q 2023). Revenue: kr591.8m (up 2.3% from 1Q 2023). Net loss: kr21.7m (loss widened 190% from 1Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: kr0.40 (vs kr2.29 in FY 2022) Full year 2023 results: EPS: kr0.40 (down from kr2.29 in FY 2022). Revenue: kr2.56b (down 1.8% from FY 2022). Net income: kr12.4m (down 83% from FY 2022). Profit margin: 0.5% (down from 2.7% in FY 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Annonce • Mar 12
Kjell Group AB (Publ) Appoints Thomas Pehrsson as CFO, Effective April 15, 2024 Kjell Group appointed Thomas Pehrsson as the new CFO and member of the group management. Thomas joins from a role as CFO and deputy CEO at CDON AB and will take up his new role on April 15, 2024. Before the different roles at CDON AB, Thomas held the position of CFO for Tunstall Health Group's Nordic company, and has a past with BorgWarner, Capgemini and Coca-Cola. Annonce • Feb 28
Kjell Group AB (Publ) Announces CFO Changes Kjell Group has previously communicated that the group has appointed Erik Hansson as the new Chief Financial Officer (CFO), with an effective date of June 1, 2024 at the latest. Erik Hansson has announced that he will not assume the position. The company will now resume the process of recruiting a new CFO. Kjell Group's Head of Group Finance & Business Control, Anders Hofvander, will continue in his role as interim CFO until a permanent replacement is in place. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to €1.77, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 3x in the Specialty Retail industry in Germany. Total loss to shareholders of 41% over the past year. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: kr0.40 (vs kr2.29 in FY 2022) Full year 2023 results: EPS: kr0.40 (down from kr2.29 in FY 2022). Revenue: kr2.57b (down 1.3% from FY 2022). Net income: kr12.4m (down 83% from FY 2022). Profit margin: 0.5% (down from 2.7% in FY 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €2.27, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Specialty Retail industry in Germany. Total loss to shareholders of 33% over the past year. Annonce • Nov 29
Erik Hansson to Take over as CFO of Kjell Group No Later Than June 1, 2024 Kjell Group has appointed Erik Hansson as the new CFO. Erik will take up his new position no later than June 1, 2024, and will then be part of Kjell Group's management. Erik Hansson joins from a role as Managing Director & Group CFO for BRIO AB, which is part of Ravensburger AG, where he was also part of the group management. Erik Hansson will take over as CFO no later than June 1, 2024. As previously announced, the current CFO Niklas Tyrén will leave Kjell Group in the second quarter of 2024. Annonce • Nov 09
Niklas Tyrén, CFO to Leave Kjell Group AB (Publ) in 2024 Kjell Group AB (publ) announced that Niklas Tyrén, CFO, has announced that he will leave his position in the second quarter of 2024. Niklas Tyrén has been part of the group management since he joined the company in 2015. The company is now working on recruiting a new CFO. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to €1.77, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total loss to shareholders of 42% over the past year. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: kr0.81 (vs kr0.83 in 3Q 2022) Third quarter 2023 results: EPS: kr0.81 (down from kr0.83 in 3Q 2022). Revenue: kr653.5m (up 5.9% from 3Q 2022). Net income: kr25.2m (down 2.0% from 3Q 2022). Profit margin: 3.9% (down from 4.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. New Risk • Aug 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (€57.1m market cap, or US$62.4m). Reported Earnings • Aug 02
Second quarter 2023 earnings released: kr0.57 loss per share (vs kr0.043 profit in 2Q 2022) Second quarter 2023 results: kr0.57 loss per share (down from kr0.043 profit in 2Q 2022). Revenue: kr574.2m (down 6.4% from 2Q 2022). Net loss: kr17.9m (down kr19.2m from profit in 2Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. Board Change • May 25
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Joel Eklund was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 25
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Joel Eklund was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €2.07, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total loss to shareholders of 54% over the past year. Annonce • May 17
Kjell Group AB (Publ) Elects Sandra Gadd as A New Member of the Board Kjell Group AB (publ) at it's Annual General Meeting elected Sandra Gadd as a new member of the Board. Reported Earnings • Apr 20
Full year 2022 earnings released: EPS: kr2.29 (vs kr1.75 in FY 2021) Full year 2022 results: EPS: kr2.29 (up from kr1.75 in FY 2021). Revenue: kr2.61b (up 8.8% from FY 2021). Net income: kr71.2m (up 143% from FY 2021). Profit margin: 2.7% (up from 1.2% in FY 2021). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Germany. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: kr2.29 (vs kr1.75 in FY 2021) Full year 2022 results: EPS: kr2.29 (up from kr1.75 in FY 2021). Revenue: kr2.62b (up 9.3% from FY 2021). Net income: kr71.2m (up 143% from FY 2021). Profit margin: 2.7% (up from 1.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Germany. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 15% share price gain to €3.55, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 35% over the past year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: kr0.83 (vs kr0.11 in 3Q 2021) Third quarter 2022 results: EPS: kr0.83 (up from kr0.11 in 3Q 2021). Revenue: kr617.0m (up 4.7% from 3Q 2021). Net income: kr25.7m (up kr24.4m from 3Q 2021). Profit margin: 4.2% (up from 0.2% in 3Q 2021). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: kr0.04 (vs kr1.94 loss in 2Q 2021) Second quarter 2022 results: EPS: kr0.04 (up from kr1.94 loss in 2Q 2021). Revenue: kr614.4m (up 19% from 2Q 2021). Net income: kr1.34m (up kr10.9m from 2Q 2021). Profit margin: 0.2% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the Specialty Retail industry in Germany. Annonce • May 20
Kjell Group AB (Publ) Approves to Elect Joel Eklund as Member of the Board Kjell Group AB (publ) announced at the AGM held on May 19, 2022 that the company approved to elect Joel Eklund as member of the Board. Reported Earnings • Apr 22
Full year 2021 earnings released: EPS: kr1.75 (vs kr1.43 in FY 2020) Full year 2021 results: EPS: kr1.75 (up from kr1.43 in FY 2020). Revenue: kr2.40b (up 20% from FY 2020). Net income: kr29.4m (up 79% from FY 2020). Profit margin: 1.2% (up from 0.8% in FY 2020). Over the next year, revenue is forecast to grow 16%, compared to a 13% growth forecast for the retail industry in Germany. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr1.75 (up from kr1.43 in FY 2020). Revenue: kr2.41b (up 21% from FY 2020). Net income: kr62.4m (up 281% from FY 2020). Profit margin: 2.6% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 14%, compared to a 16% growth forecast for the retail industry in Germany. Reported Earnings • Nov 21
Third quarter 2021 earnings released: kr0.63 loss per share (vs kr1.31 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: kr589.0m (up 1.7% from 3Q 2020). Net income: kr1.31m (down 91% from 3Q 2020). Profit margin: 0.2% (down from 2.6% in 3Q 2020).