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.
KH Group
KH Group is a financial group. The company operates as a conglomerate with diversified business activities. Within the group, there are companies in various sectors with a wide range of products and services. The business is run on a global level with the largest presence in Europe. The customers consist of both private players and business customers, where sales take place via own brands. The company was founded in 2012 and has its headquarters in Helsinki.
Read more on company pageKey Estimate Figures04.11.2024
2023 | 24e | 25e | |
---|---|---|---|
Omsætning | 403,2 | 357,0 | 359,5 |
vækst-% | -6,00 % | -11,45 % | 0,72 % |
EBIT (adj.) | 10,8 | 4,2 | 10,6 |
EBIT-% (adj.) | 2,68 % | 1,19 % | 2,96 % |
EPS (adj.) | 0,12 | -0,02 | 0,00 |
Udbytte | 0,00 | 0,00 | 0,00 |
Udbytte % | |||
P/E (adj.) | 6,51 | - | 143,27 |
EV/EBITDA | 6,33 | 4,25 | 4,32 |