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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About Us

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