Half year report. KappAhl goes against the trend:Increased sales and gross margin on a weak market
|Q2 (Dec-Feb)||Half year (Sep-Feb)|
|Net sales, SEK million||1 148||1 119||29||2 393||2 312||81|
|Operating profit excluding non-recurring items, SEK million||-35||-55||20||69||-39||108|
|Operating profit, SEK million||-36||-138||102||145||-122||267|
|Gross profit margin, %||55,1||51,9||3,2||59,3||55,3||4,0|
|Operating margin excluding non-recurring items, %||-3,1||-4,9||1,8||2,9||-1,7||4,6|
|Profit after tax, SEK million||-64||-163||99||51||-174||225|
|Earnings per share, SEK||-0.85||-7,14||6,29||0,82||-3,55||4,37|
|Cash flow from operating activities, SEK million||-51||68||-119||24||63||-39|
- Net sales increased by 2.6 per cent for the quarter. Of this, the increase in comparable stores was 0.3 per cent.
- The gross margin improved by 3.2 percentage points.
- The equity /assets ratio increased to 45.6 per cent.
It is gratifying that KappAhl is reporting positive sales in comparable stores and a substantially improved gross margin. I see this as a confirmation of continued improvements of our assortment and customer offer…
Johan Åberg, President and CEO. Read the full CEO statement in the attached report.
A presentation and telephone conference will be held for analysts, media and investors today at 9.30 at Operaterrassen in Stockholm. P lease go to www.kappahl.com/presentations to register attendance. At the website a webcast will also be shown in real time and saved for later viewing. To participate by telephone please call about 5 minutes before start +44 (0)207 7509950.
For further information:
Johan Åberg / President and CEO, tel. + 46 706 099 973
Håkan Westin / CFO, tel. + 46 704 715 664
For pictures and other information:
Charlotte Högberg / Head Public Relations, tel. +46 704 715 631, firstname.lastname@example.org
The information in this interim report is disclosed by KappAhl AB (publ) pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 12 April 2013 at 07.30 am.
KappAhl was established in 1953 and is a leading fashion chain soon with 400 stores and 4,500 employees in Sweden, Norway, Finland, Poland and the Czech Republic. KappAhl sells value-for-money fashion with a wide appeal – to women, men and children – and focuses in particular on women aged 30-50 with families. All clothes are from our own designers. KappAhl was the first fashion chain to achieve environmental certification in 1999. In the 2011/2012 financial year KappAhl's net sales were SEK 4.6 billion. KappAhl is listed on NASDAQ OMX Stockholm. More information can be found at www.kappahl.com.