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Why Kjell Group stock moves

Kjell Group rose clearly without company news.

Written after the close on ·

Why today

16,415 news analyzed today

Kjell Group rose clearly without company news.

The stock was roughly unchanged over the last five trading days, while OMX Stockholm 30 was also roughly flat.

The stock remains below its highest close of the past year, set in late October, and well above its lowest, from mid-December last year.

The next earnings report is due Thursday 11 February 2027.

Today's move of +2.72% was 1.4 times a normal day's 1.9%. OMX Stockholm 30 moved −1.01% on the same day.

Kjell Group +2.72%OMX Stockholm 30 −1.01%Against the market

Earlier days →

See the chart in ChartCompass, with every move explained →

What analysts expect, and how often they have been right

Analysts’ estimates for Kjell Group.

Kjell Group earned more than expected in 0 out of 7 reports.

Not in the chart because no estimate and result are available: 5 of the 12 reports in this period, the latest on October 22, 2026.

For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.

The share moved in the same direction as the earnings surprise in 5 out of 7 reports with a measured move, against about 63% of reports from Nordic companies.

Ratings

Now
Buy 0Hold 1Sell 0

A rating is the analyst’s own opinion about the share.

Price targets

Latest price 18.90 SEK

Price targets
17.00

One analyst’s target is 17.00 SEK, −10% relative to the latest price of 18.90 SEK. A target is the analyst’s estimate of a future share price.

Earnings against expectations, and the share’s reaction

Earnings against expectations, and the share’s reaction-5.5-3.6-1.80.12.02024-02-13: 0.40; Expected EPS: 1.1013/2’24−29.5%2024-04-25: -0.70; Expected EPS: -0.1125/4’24+0.3%2024-07-24: -0.59; Expected EPS: -0.4324/7’24−7.2%2025-07-18: -0.35; Expected EPS: -0.0718/7’25−19.2%2025-10-22: -4.61; Expected EPS: 0.2422/10’25−6.1%2026-02-09: 0.04; Expected EPS: 0.119/2’26+6.5%2026-04-24: -0.40; Expected EPS: -0.0724/4’26−6.8%Next reported quarter: expected earnings per share of 0.43.→11/02

Expected EPSAbove estimateBelow estimateAs expectedSEK

Percentages below show the share’s report-day move; labels are report dates.

Next reported quarter: expected earnings per share of 0.43 SEK (February 11). For the current fiscal year, expected earnings per share changed from 0.32 SEK three months ago to 0.52 SEK now. 2026 estimate: 0.52 SEK. 2027 estimate: 0.94 SEK. One analyst made these estimates. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. October 22: Buy about 2.9 m SEK. October 22: Buy about 1.1 m SEK. September 10: Buy about 341 thousand SEK. September 9: Buy about 46 thousand SEK. August 24: Buy about 3.0 m SEK.

Has the share price followed the business?

Price and earnings moved in the same direction: 3 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed −10% and earnings per share went from -0.44 SEK to -6.51 SEK.

Revenue, profit and market cap

Revenue, profit and market cap (bn SEK)-0.40.81.93.02022: 2.612022: 0.0720222023: 2.562023: 0.0120232024: 2.582024: -0.0220242025: 2.382025: -0.392025Now2026: 2.4820262027: 2.7320272022: 1.511.52023: 1.311.32024: 0.450.42025: 0.600.6Now: 1.801.8

RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK

Market cap is 0.8 times 2025 revenue, against 0.6 in 2022. Profit in 2025: -388 m SEK.

Assets, liabilities and market cap

Assets, liabilities and market cap (bn SEK)0.00.91.82.72022: 2.452022: 1.4520222023: 2.422023: 1.4120232024: 2.452024: 1.4520242025: 2.162025: 1.382025Now2022: 1.511.52023: 1.311.32024: 0.450.42025: 0.600.6Now: 1.801.8

AssetsLiabilitiesMarket capbn SEK

Assets minus liabilities leave 782 m SEK for shareholders. Market cap is 2.3 times that equity.

Price and earnings moved in the same direction: 3 out of 3 years.Market cap (Now): 1.8 bn SEKRevenue 2025: 2.4 bn SEK

What the key figures say about Kjell Group

The figures connect what Kjell Group earns with what investors pay.

The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.

Earnings per share-0.24 SEK
NowEarnings per share2022: 1.56222023: 0.27232024: -0.44242025: -6.51252026: 0.52262027: 0.94272022: 33.052023: 28.802024: 9.782025: 8.84

Profit divided by the number of shares. Each share represents this much of the earnings.

2022–2025: -6.51 SEK–1.56 SEK. Peers: Image Systems -0.39 SEK, Micro Systemation 4.84 SEK, Exsitec Holding 4.69 SEK. 2026 estimate: 0.52 SEK (0.52 SEK–0.52 SEK). 2027 estimate: 0.94 SEK (0.94 SEK–0.94 SEK).

Revenue2.4 bn SEK
NowRevenue2022: 2,607,929,000.00222023: 2,559,368,000.00232024: 2,583,570,000.00242025: 2,379,118,000.00252026: 2,476,464,980.00262027: 2,726,594,110.00272022: 33.052023: 28.802024: 9.782025: 8.84

What the company sold during the year.

2022–2025: 2.4 bn SEK–2.6 bn SEK. Peers: Image Systems 112 m SEK, Micro Systemation 539 m SEK, Exsitec Holding 963 m SEK. 2026 estimate: 2.5 bn SEK (2.5 bn SEK–2.5 bn SEK). 2027 estimate: 2.7 bn SEK (2.7 bn SEK–2.7 bn SEK).

Operating margin−0.0%
NowOperating margin2022: 4.81222023: 2.29232024: 1.00242025: -15.79252022: 33.052023: 28.802024: 9.782025: 8.84

The percentage of revenue left after the costs of running the business.

2022–2025: −15.8%–4.8%. Peers: Image Systems −34.7%, Micro Systemation 21.9%, Exsitec Holding 10.2%.

Return on equity−2.3%
NowReturn on equity2022: 7.13222023: 1.23232024: -1.98242025: -49.61252022: 33.052023: 28.802024: 9.782025: 8.84

Profit as a percentage of shareholders’ money in the company.

2022–2025: −49.6%–7.1%. Peers: Image Systems −36.3%, Micro Systemation 55.1%, Exsitec Holding 12.2%.

Market cap per unit of revenue (P/S)0.75
NowMarket cap per unit of revenue (P/S)2022: 0.58222023: 0.51232024: 0.17242025: 0.25252026: 0.73262027: 0.6627

What investors pay for each unit the company sells.

2022–2025: 0.17–0.58. Peers: Image Systems 0.70, Micro Systemation 3.39, Exsitec Holding 1.59. 2026 estimate: 0.73. 2027 estimate: 0.66.

Net debt / EBITDA1.09
NowNet debt / EBITDA2022: 2.31222023: 2.19232024: 2.67242025: 6.2525

Net debt divided by operating earnings before depreciation and amortisation.

2022–2025: 2.19–6.25. Peers: Micro Systemation -0.62, Exsitec Holding 2.95.

More key figures
Market cap / equity (P/B)1.83
NowMarket cap / equity (P/B)2022: 1.51222023: 1.30232024: 0.44242025: 0.7725

Market cap divided by shareholders’ equity, what remains after liabilities.

2022–2025: 0.44–1.51. Peers: Image Systems 0.78, Micro Systemation 9.00, Exsitec Holding 2.80.

Free cash flow per share-0.06 SEK
NowFree cash flow per share2022: 4.34222023: 5.16232024: 2.66242025: 0.95252022: 33.052023: 28.802024: 9.782025: 8.84

Cash left after investments, divided by the number of shares.

2022–2025: 0.95 SEK–5.16 SEK. Peers: Image Systems -0.28 SEK, Micro Systemation 5.43 SEK, Exsitec Holding 10.77 SEK.

Equity ratio36.2%
2025Equity ratio2022: 40.82222023: 41.75232024: 40.99242025: 36.2225

The percentage of assets financed by shareholders’ equity.

2022–2025: 36.2%–41.8%.

What to watch next, and why

The earnings report shows how Kjell Group's revenue and profit have changed.

  • Earnings report

    The earnings report shows how Kjell Group's revenue and profit have changed.

    Add to calendar
More about Kjell Group

Insider trades

People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.

  • David Zaudy, board member (closely associated)Buyabout 2.9 m SEK
  • Göran Westerberg, chairBuyabout 1.1 m SEK
  • Ebba Ljungerud, board memberBuyabout 341 thousand SEK
  • Ebba Ljungerud, board memberBuyabout 46 thousand SEK
  • Göran Westerberg, chairBuyabout 3.0 m SEK

Earnings report

Next report: · Add to calendar · Google Calendar

Report day8.1%

Normal day1.9%

On its last 16 report days Kjell Group usually moved about 8.1%. On a normal day it moves 1.9%.

+16.47% Why? +6.72% −6.76% +6.46%

10,000 SEK in Kjell Group bought on September 16, 2021 is worth 2,690 SEK today, with dividends reinvested.

The same amount in OMX Stockholm 30 with dividends would have become 16,200 SEK.

What would 10,000 SEK in Kjell Group be worth today? →

What would 10,000 SEK in Kjell Group be worth today?

2,690 SEK

with dividends reinvested, bought on September 16, 2021. The same amount in OMX Stockholm 30 with dividends would have become 16,200 SEK.

At worst it was worth 1,050 SEK (December 20, 2024).

The five biggest days of the journey

· +32.5% · the whole market rose 0.9% the same day · report day

· −29.5% · the whole market fell 0.6% the same day · report day

· +29.5% · the whole market rose 0.1% the same day

· −24.0% · the whole market rose 0.7% the same day

· −20.5% · the whole market fell 0.9% the same day

Earlier days

  • −0.53% market −0.11% Kjell Group was roughly unchanged over the week, while the market was also flat. Read →

    Kjell Group was roughly unchanged over the week, while the market was also flat.

    Last session it rose clearly, against a clear fall in the OMX Stockholm 30 index.

    The sector median slipped slightly over the same days.

    Its next earnings report is due in February 2027.

  • −4.17% market −0.32% Kjell Group fell sharply without a company-news explanation. Read →

    Kjell Group fell sharply without a company-news explanation.

    Over the same day OMX Stockholm 30 fell only slightly, so Kjell Group moved more than the market.

    Over the last five trading days Kjell Group fell clearly while the OMX Stockholm 30 rose slightly.

    The next earnings report is due on 11 February 2027.

  • −2.56% market −0.29% Kjell Group fell clearly, more than the market. Read →

    Kjell Group fell clearly, more than the market.

    No company news explains this move.

    Over the last five trading days, Kjell Group fell slightly while OMX Stockholm 30 rose clearly, so it moved against the market.

  • −3.06% market +3.01% Kjell Group fell slightly over the week, while the OMX Stockholm 30 index rose clearly, so the stock moved against the market. Read →

    Kjell Group fell slightly over the week, while the OMX Stockholm 30 index rose clearly, so the stock moved against the market.

    The main company news in the window was a Nordea price target raise to SEK 17, meaning the share price it sees as fair, but that dates from before the week.

    Within the week there was no company-specific event, so the slight decline likely reflects general selling pressure in the technology sector, where most peers also fell.

    The next earnings report is due on Thursday 11 February 2027.

  • +0.00% market +0.41% Kjell Group was roughly flat without company news. Read →

    Kjell Group was roughly flat without company news.

    Over the last five trading days, the stock fell slightly while the OMX Stockholm 30 rose sharply, so it moved against the market.

    In the last session it moved less than the market, which rose slightly, and the move was an ordinary one for the stock.

    The stock is still well above its lowest close of mid-December, and trading volume was well below its usual level.

  • +15.98% market −3.67% Kjell Group rose very sharply over the last five trading days, moving against a falling market. Read →

    Kjell Group rose very sharply over the last five trading days, moving against a falling market.

    The rise was very big for this stock and came after its strong third-quarter report, which showed sales growth and a return to profit.

    Insider buying also likely supported sentiment, as the chair and a board member bought shares this week.

    Over the same days the broader Stockholm market fell sharply, so the move was company-specific.

  • +16.47% market −2.51% Kjell Group rose sharply after its third-quarter report, while the market fell. Read →

    Kjell Group rose sharply after its third-quarter report, while the market fell.

    Kjell Group rose very sharply that day, while OMX Stockholm 30 fell sharply, so the stock moved against the market.

    The likely main driver is the third-quarter report published that day, which showed sales growth of 8.1 percent and a swing to profit.

    Gross margin, the share of sales left after product costs, rose to 41.8 percent, while adjusted EBITA, a profit measure before some costs, more than doubled.

    The move was very big for Kjell Group, about nine times a normal day, and trading was far above its usual level.

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