KappAhl Q1 report 2016/2017: A good start to the new year
“The Scandinavian market has contributed increased sales in local currency.”
Read the CEO statement in the enclosed report.
- In the quarter sales increased by 8.3 per cent to SEK 1,261 (1,165) million. Sales in comparable stores increased by 4.8 per cent.
- During the quarter, fifteen KappAhl stores were rebuilt and another three Newbie Stores opened.
- Since the launch of the new smart phone app for customer club members in Sweden and Finland so far it has been downloaded half a million times.
- The operating margin for the quarter was 11.4 (10.0) per cent.
| First Quarter (Sep-Nov) | |||
| 2016/2017 | 2015/2016 | Change | |
| Net sales, SEK million | 1 261 | 1 165 | 96 |
| Operating profit/loss, SEK million | 144 | 117 | 27 |
| Gross margin, % | 65,3 | 65,6 | -0,3 |
| Operating margin, % | 11,4 | 10,0 | 1,4 |
| Profit after tax, SEK million | 107 | 83 | 24 |
| Earnings per share, SEK | 1,39 | 1,08 | 0,31 |
| Cash flow from operating activities, SEK million | 162 | 89 | 73 |
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, founded in 1953 in Gothenburg, is one of the leading Nordic fashion chains with nearly 380 stores in Sweden, Norway, Finland and Poland as well as Shop Online. Our mission is to offer value-for-money fashion of our own design with wide appeal. About 38 per cent of the range has sustainable fashion labelling. In 2015/2016 sales were SEK 4.7 billion and the number of employees was about 4,000 in nine countries. KappAhl has been listed on Nasdaq Stockholm since 2006. More information is available at www.kappahl.com
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