KappAhl Q2 2017: Growth and improved margin
“In the second quarter of 2016/2017 our continued clarification of the collections together with our price and campaign strategy contributed to increased sales of 6.5 per cent compared with the previous year, of which the increase in comparable stores was 1.9 per cent...”
Read the full CEO statement in the enclosed report.
- The Group's sales increased during the quarter by 6.5 per cent and by 7.4 per cent in the first half year.
- The gross margin was positively affected by continued work on the pricing and campaign strategies.
- Operating profit improved and was SEK 47 (31) million for the quarter and SEK 190 (148) million for the half year.
- New loan agreements have been signed and a total of SEK 400 million has been repaid.
- The equity/assets ratio was 64.5 (57.7) per cent.
| Second Quarter (Dec-Feb) | Half year (Sep-Feb) | |||||
| 2016/2017 | 2015/2016 | Change | 2016/2017 | 2015/2016 | Change | |
| Net sales, SEK million | 1 189 | 1 116 | 73 | 2 450 | 2 281 | 169 |
| Operating profit/loss, SEK million | 47 | 31 | 16 | 190 | 148 | 42 |
| Gross margin, % | 58,9 | 58,6 | 0,3 | 62,2 | 62,2 | 0,0 |
| Operating margin, % | 4,0 | 2,8 | 1,2 | 7,8 | 6,5 | 1,3 |
| Profit after tax, SEK million | 34 | 14 | 20 | 141 | 97 | 44 |
| Earnings per share, SEK | 0,44 | 0,18 | 0,26 | 1,84 | 1,26 | 0,58 |
| Cash flow from operating activities, SEK million | 27 | 15 | 12 | 189 | 104 | 85 |
This information is information that KappAhl AB is obliged to disclose pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was released for public disclosure through the agency of President and CEO Danny Feltmann on 6 April 2017 at 07.30 CET.
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. More than half of the range is sustainability labelled. 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
Tags:
