KappAhl Q3 2017/2018: Strong sales in May resulted in a good quarter
“....Sales for the quarter started cautiously but gradually increased. Attractive campaigns and an efficient supply chain have contributed to fewer clearance sales and a sound gross margin...”
Read the full CEO statement in the report.
- Sales increased by 2.1 per cent in the quarter. During the period September-May they decreased by 4.0 per cent.
- The gross margin for the quarter was 64.5 (63.7) per cent. Accumulated for the period September-May it was 62.7 (62.7) per cent.
- The operating profit was SEK 121 (119) million for the quarter and SEK 216 (310) million for September-May.
After the close of the quarter
- The Board of Directors appointed Göran Bille as Acting President & Chief Executive Officer.
| Third Quarter (Mar-May) | Nine month (Sep-May) | |||||
| 2017/2018 | 2016/2017 | Change | 2017/2018 | 2016/2017 | Change | |
| Net sales, SEK million | 1 242 | 1 217 | 25 | 3 522 | 3 668 | -146 |
| Operating profit/loss, SEK million | 121 | 119 | 2 | 216 | 310 | -94 |
| Gross margin, % | 64,5 | 63,7 | 0,8 | 62,7 | 62,7 | 0,0 |
| Operating margin, % | 9,7 | 9,8 | -0,1 | 6,1 | 8,5 | -2,4 |
| Profit after tax, SEK million | 94 | 81 | 13 | 175 | 222 | -47 |
| Earnings per share, SEK | 1,22 | 1,05 | 0,17 | 2,28 | 2,89 | -0,61 |
| Cash flow from operating activities, SEK million | 292 | 322 | -30 | 343 | 511 | -168 |
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 Acting President and CEO Göran Bille on 27 June 2018 at 07.30 CET.
For more information:
Göran Bille, Acting President & CEO. Tel. +46 703 44 43 04.
Peter Andersson, Chief Financial Officer. Tel. +46 703 31 55 70.
Charlotte Högberg, Head Corporate Communications. Tel. +46 704 71 56 31. Email charlotte.hogberg@kappahl.com.
KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the Nordic region with 370 KappAhl and Newbie stores, including Shop Online, in Sweden, Norway, Finland, Poland and Great Britain. Our business idea is to offer value-for-money fashion of our own design to the many people. Sustainability-labeled fashion accounts for 53 per cent of the range. Sales for 2016/2017 totaled SEK 4.9 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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