KappAhl Q3: Improved result and continued growth
| Third quarter (March –May) | Nine months (Sept-May) | ||||||||
| 2012/2013 | 2011/2012 | Change | 2012/2013 | 2011/2012 | Change | ||||
| Net sales, SEK million | 1 210 | 1 146 | 64 | 3 603 | 3 458 | 145 | |||
| Operating profit excluding non-recurring items, SEK million | 76 | 46 | 30 | 145 | 7 | 138 | |||
| Operating profit, SEK million | 64 | 29 | 35 | 209 | -93 | 302 | |||
| Gross profit margin, % | 61,2 | 59,1 | 2,1 | 60,0 | 56,5 | 3,5 | |||
| Operating margin excluding non-recurring items, % | 6,3 | 4,0 | 2,3 | 4,0 | 0,2 | 3,8 | |||
| Profit after tax, SEK million | 32 | -10 | 42 | 83 | -184 | 267 | |||
| Earnings per share, SEK (Note 1) | 0,43 | -1,46 | 1,89 | 1,25 | -6,40 | 7,65 | |||
| Cash flow from operating activities, SEK million | 191 | 117 | 74 | 215 | 180 | 35 | |||
- Net sales increased by 5.6 per cent for the quarter. Of this, the increase in comparable stores was 6.5 per cent.
- The gross margin improved by 2.1 percentage points.
- The equity/assets ratio increased to 47.6 per cent.
- Improved operating profit for the fourth quarter in a row.
"I am very pleased that KappAhl is reporting an improved result for the fourth quarter in a row. We continue to show growth with improved margins and reduced net debt…”
Johan Åberg, President and CEO. Read the CEO statement in the full report.
There will be a telephone conference and webcast for analysts, media and investors today at 9.00. To participate in the conference call +46 8 5055 6477 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 also be saved for later viewing.
For further information
Johan Åberg / President and CEO, tel. +46 706 09 99 73 Claes-Göran Starud /Acting CFO, tel. +46 704 71 56 64
For pictures and other information
Charlotte Högberg/ Head of Public Relations, tel. +46 704 71 56 31, charlotte.hogberg@kappahl.com
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 28 June 2013 at 07.30.
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.
Tags:
