KappAhl Q1 2014/2015: Good margins in a weak market
| First quarter (Sep-Nov) | |||
| 2014/2015 | 2013/2014 | Change | |
| Net sales, SEK million | 1 174 | 1 243 | -69 |
| Operating profit/loss, SEK million | 95 | 99 | -4 |
| Gross margin % | 63,3 | 63,3 | 0,0 |
| Operating margin, % | 8.1 | 8,0 | 0,1 |
| Profit after tax, SEK million | 61 | 62 | -1 |
| Earnings per share after dilution, SEK (Note 1) | 0,81 | 0,83 | -0,02 |
| Cash flow from operating activities, SEK million | 68 | 125 | -57 |
- Net sales was 5.6% lower compared with the previous year. Margins and earnings are on a level
with the previous year. - Cost efficiency improvement is continuing according to plan.
- Shop Online was launched in Norway and Finland.
- During the period eight stores were converted to the new store concept.
- The Newbie brand was established as a separate store concept and opened its first store
”KappAhl, like the rest of the industry, was affected by the warm autumn. Efforts to achieve higher margins and lower costs continue. To sum up we are delivering a gross margin and operating profit in line with the previous year.”
Johan Åberg, President and CEO.
Read the full CEO statement on the next page.
There will be a telephone conference and webcast for analysts, media and investors today at 09.00. To participate in the conference call +46 8 566 426 90 about 5 minutes before the start. The telephone conference can also be followed via a webcast at www.kappahl.com/presentations, where the webcast will be saved for later viewing.
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 14 January 2015 at 07.30.
For further information
Johan Åberg, President and CEO, phone +46 706 09 99 73, johan.aberg@kappahl.com
Anders Düring, Chief Financial Officer, phone +46 708 88 77 33, anders.during@kappahl.com
Company information and photos
Charlotte Högberg, Head Public Relations, phone +46 704 71 56 31, charlotte.hogberg@kappahl.com
KappAhl was founded in 1953 and is a leading fashion chain in the Nordic region with nearly 400 stores in Sweden, Norway, Finland and Poland together with Shop Online. KappAhl offers good-value fashion of its own design to a wide range of consumers – women, men and children – with a particular focus on women in the mid-life age range. 19% of the range is sustainability labelled. In 2013/2014, the turnover was SEK 4.7 billion and the number of employees approx. 4,000. KappAhl is quoted on NASDAQ Stockholm. For more information, please visit www.kappahl.com.
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