KappAhl first quarter 2015/2016: A strong quarter
“The first quarter was a strong quarter for KappAhl. We deliver a sound gross margin, still have good cost control and are continuing with our priority investments. What contributes to our sound margins is a combination of a successful new offer strategy and a price strategy that compensates for higher purchase prices. In all, KappAhl delivers an operating margin that approaches the long-term target of ten per cent.”
- Gross margin and operating profit exceed the previous year.
- Continued strengthened balance sheet.
- For the first time all three of the Group’s concepts have opened in the same market place; Mall of Scandinavia.
- Shop Online has been launched in Poland.
- Danny Feltmann is the new President and Chief Executive Officer from 1 December.
| First quarter (Sept-Nov) | ||||||
| 2015/2016 | 2014/2015 | Change | ||||
| Net sales, SEK million | 1 165 | 1 174 | -9 | |||
| Operating profit/loss, SEK million | 117 | 95 | 22 | |||
| Gross margin, % | 65.6 | 63.3 | 2.3 | |||
| Operating margin, % | 10.0 | 8.1 | 1.9 | |||
| Profit after tax, SEK million | 83 | 61 | 22.0 | |||
| Earnings per share after dilution, SEK (Note 1) | 1.08 | 0.81 | 0.27 | |||
| Cash flow from operating activities, SEK million | 89 | 68 | 21 | |||
Read the full report in the enclosed file.
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 released for public disclosure on 20 January 2016 at 07.30 a.m
For further information
Danny Feltmann, President & CEO. Tel +46 31 771 5661.
Anders Düring, Chief Financial Officer. Tel +46 708 887 733.
For photos and company information
Charlotte Högberg, Head Corporate Communications, Tel +46 704 71 56 31, charlotte.hogberg@kappahl.com
KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the Nordic region with close to 380 stores in Sweden, Norway, Finland and Poland. Our business idea is to offer value-for-money fashion of our own design to the many people. Sustainability-labeled fashion accounts for roughly one quarter of the range. Sales for 2014/2015 totaled SEK 4.6 billion and the company has approx. 4,000 employees in eight countries. KappAhl is quoted on Nasdaq Stockholm. More information is available at www.kappahl.com
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