Things are getting worse for the home electronics giants in Sweden – so bad that a well-known chain has filed for bankruptcy. Media markt’s Swedish part was bought up by the Norwegian group Power, which has no documented turnover in 2022 and is therefore not on this list. Netonnet lacks an annual report for 2023, which means that they are not on this list. However, the difference in turnover between the years 2021 and 2022 was a whopping SEK 899,913,000.
Media Markt in Sweden is sold – bought by the Norwegian group
The figures are taken from the site all companies. The list is ranked according to how much less the companies’ turnover is – and therefore starts with Kjell & Company, which is the only company on this list that increased its turnover from the year 2022.
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5. Kjell & Company
Difference in turnover: +213,414,000 kroner
Turnover in 2022: SEK 2,408,399,000
Turnover in 2023: SEK 2,621,813,000
Profit after net financial items was SEK 87,860,000, an increase from 2022.
4. The Hi-Fi Club
Difference in turnover: – SEK 485,460,000
Turnover in 2022: SEK 333,148,000
Turnover in 2023: SEK 284,602,000
Profit after financial items was SEK 11,401,000, which was a decrease from the previous year.
3. The web hall
Difference in turnover: – SEK 476,263,000
Turnover in 2022: SEK 2,412,429,000
Turnover in 2023: SEK 1,936,166,000
Webhallen’s result after net financial items was negative: -83,639,000 kroner.
Difference in turnover: – SEK 616,100,000
Turnover in 2022: SEK 16,714,000,000
Turnover in 2023: SEK 16,097,900,000
Profit after financial net in 2023 was SEK 171,933,000, a decrease from the previous year.
Home electronics giant closes shop for good
1. Teknikmagasinet – Bankruptcy initiated
Difference in turnover: – SEK 322,990,000
Turnover in 2022: SEK 223,311,000
Turnover in 2023: SEK 191,012,000
Despite the fact that Teknikmagasinet has not decreased the most in turnover between the years 2022 and 2023, they are the only company on this list that requested bankruptcy, which began on January 4, 2024. It is also worth mentioning that in the year 2021 they had a turnover of SEK 377,452,000 .
Result after net financial items in 2023 was SEK -89,310,000.
Teknikmagasinet in bankruptcy – again