KappAhl half year report 2016: Good profitability and strong financial position
“The second quarter outcome shows a continued strong financial position. The strong gross margin, as in the previous quarter, is a result of our pricing and campaign strategy. Lower overhead expenses in the quarter also contributed to the sound operating profit.” Read the full CEO statement in the attached report.· The Group’s sales increased during the quarter by 1.0 per cent in local currencies. Restated in SEK, sales decreased by 1.5 per cent. · The gross margin was positively affected by continued changes in pricing/campaign strategy.