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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KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the Nordic region with 380 KappAhl and Newbie stores in Sweden, Norway, Finland, Poland and Great Britain as well as Shop Online. Our business idea is to offer value-for-money fashion of our own design to the many people. Sustainability-labeled fashion accounts for 57 per cent of the range. Sales for 2017/2018 totaled SEK 4.8 billion and the company has approx. 4,000 employees in ten countries. KappAhl is quoted on Nasdaq Stockholm. More information at www.kappahl.com

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The first quarter was a strong quarter for KappAhl... In all, KappAhl delivers an operating margin that approaches the long-term target of ten per cent
Danny Feltmann, KappAhl's President & CEO