KappAhl publishes a combined Annual and Sustainability Report
Today KappAhl publishes its Annual Report for the fiscal year 2013/2014. This year, the fashion chain has chosen to combine the financial annual report and the sustainability report.
- Our sustainability work makes us strong and contributes to our increased profitability, says KappAhl's CEO Johan Åberg in the report.
In the report Johan Åberg comments about the year past with “We stick to our plan and continue to make many improvements every day. That’s how we build a strong KappAhl.” This is what we have done during the year, which is why our sales are better than the market as a whole and we have achieved increased profitability… despite a continuing tough market… We have much left to do and we are doing it from a position that is stronger than it has been for some time. This means that I am looking forward to the coming year.”
During the financial year has seen KappAhl including:
... Improved operating profit by 46 percent,
... increased the operating margin to 6.2 percent, well on its way towards the target of 10 percent,
... designed several successful collections such as Hampton Republic 27 for the whole family as well as the lingerie collection Fifty Shades of Grey by KappAhl,
... launched the new store concept "For You", one of KappAhl's largest investments ever,
… launched the most modern customer loyalty club, "KappAhl Life & Style" in Norway,
… and a total of 19 percent of the range has been sustainability labeled.
More on the year is available in the Annual Report that is available for download at www.kappahl.com/ir under "Financial Information" and can also be ordered in printed form under "Contact".
KappAhl AB (publ) discloses the information provided here pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 5 November, 2014 at 10.00 a.m.
For further information, please contact:
Charlotte Högberg, Head Public Relations, tel 46 70 471 56 31, email 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. 4,500. KappAhl is quoted on NASDAQ Stockholm. For more information, please visit www.kappahl.com.
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