Change negotiations for KH Group subsidiary Indoor Group concluded
Translation: Original published in Finnish on 12/5/2024 at 7:17 am EET.
KH Group announced yesterday that its subsidiary Indoor Group had completed the change negotiations announced on August 15, 2024. The outcome of the change negotiations is that 162 employment relationships will be terminated in Indoor Group. The change negotiations are part of the company's operating model reform, which is expected to deliver at least 10 MEUR of annual EBIT improvement by the end of 2026.
As part of the efficiency program, Indoor Group will streamline its store network and renew its operating model by integrating neighboring Asko and Sotka stores. Greater integration of neighboring stores and the new ERP system introduced in the spring will enable the efficiency gains targeted by the new model. With a streamlined cost structure, we see the potential for Indoor to significantly improve earnings, but this will require headwinds from the very weak furniture market.
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KH Group
KH Group är en finansiell koncern. Bolaget verkar som ett konglomerat med diversifierade affärsverksamheter. Inom koncernen återfinns bolag inom varierande sektorer med stort produkt- och tjänsteutbud. Verksamheten drivs på global nivå med störst närvaro inom Europa. Kunderna består av både privata aktörer samt företagskunder, där försäljning sker via egna varumärken. Bolaget grundades 2012 och har sitt huvudkontor i Helsingfors.
Read more on company pageKey Estimate Figures04.11.2024
2023 | 24e | 25e |
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2023 | 24e | 25e | |
---|---|---|---|
Omsättning | 403,2 | 357,0 | 359,5 |
tillväxt-% | −6,00 % | −11,45 % | 0,72 % |
EBIT (adj.) | 10,8 | 4,2 | 10,6 |
EBIT-% | 2,68 % | 1,19 % | 2,96 % |
EPS (adj.) | 0,12 | −0,02 | 0,00 |
Utdelning | 0,00 | 0,00 | 0,00 |
Direktavkastning | |||
P/E (just.) | 6,51 | - | 151,02 |
EV/EBITDA | 6,33 | 4,29 | 4,36 |