Kjell & Company reports a profit before tax of 10.6 million kronor for the fourth quarter of the year. This can be compared to the profit of 11.5 million during the corresponding quarter a year earlier.
Net sales increased marginally to 773.4 million, from 768.8 million kronor.
CEO Andreas Rylander says in a comment in the annual report that the chain sees a brightening in the fourth quarter compared to the third quarter, with a positive trend when it comes to visitors.
“During the quarter, Kjell Group announced an investment in a new automated central warehouse and a fully guaranteed rights issue aimed at strengthening the financial position”, writes Kjell & Company.
The Group has also updated its financial targets and is now aiming for a growth of at least 5 percent per year and a profitability of 6-8 percent, measured based on the company’s adjusted operating margin.
The dividend is to constitute at least 60 percent of the result per share after tax, taking into account the Group’s financial position and growth opportunities.
