KappAhl Year End report: A stronger position in our market
|Fourth quarter (Jun–Aug)||Full year (Sep-Aug)|
|Net sales, SEK million||1 148||1 129||19||4 751||4 587||164|
|Operating profit excluding non-recurring costs, SEK million||57||46||11||202||53||149|
|Operating profit, SEK million||43||29||14||252||-64||316|
|Gross margin, %||57,0||57,0||0,0||59,2||56,7||2,5|
|Operating margin excluding non-recurring items, %||5,0||4,1||0,9||4,3||1,2||3,1|
|Profit after tax, SEK million||7||-40||47||91||-224||315|
|Earnings per share, SEK (Note 1)||0.09||-0,82||0,91||1,32||-5,30||6,62|
|Cash flow from operating activities, SEK million||15||-27||42||230||153||77|
- Net sales increased by 1.7 % for the quarter and 3.6 % for the full year.
- Sales in comparable stores increased during the quarter by 1.7 % and for the full year by 3.0 %.
- The gross margin improved by 2.5 percentage points for the full year.
- The Board of Directors proposes that no dividend be distributed for the financial year.
- New operative and financial targets have been set.
”In brief, it has been a good year for KappAhl. We have achieved the year's targets and report increased sales, stronger gross margins and improved earnings. We have taken measures and are closing the year with a strong balance sheet.”
Johan Åberg, President and CEO. Read the full CEO statement on the next page.
A presentation and telephone conference will be held for analysts, media and investors today at 9.30 at Operaterrassen in Stockholm. To notify attendance at Operaterrassen go to www.kappahl.com/presentations, where the webcast will also be broadcast direct and saved for viewing later. To participate by telephone please call +46 8 5055 6477 about 5 minutes before the start.
For further information:
Johan Åberg / President and CEO, tel. +46 706 09 99 73
Claes-Göran Starud / acting CFO, tel. +46 704 71 56 64
For pictures and other information:
Charlotte Högberg/ Head of Public Relations, tel. +46 704 71 56 31, charlotte.högberg@kappahl.com
The information in this year-end report is disclosed by KappAhl AB (publ) pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 2 October 2013 at 07.30 a.m.
KappAhlwas established in 1953 and is a leading fashion chain soon with 400 stores and 4,500 employees in Sweden, Norway, Finland, Poland and the Czech Republic. KappAhl sells value-for-money fashion with a wide appeal – to women, men and children – and focuses in particular on women aged 30-50 with families. All clothes are from our own designers. KappAhl was the first fashion chain to achieve environmental certification in 1999. In the 2012/2013 financial year KappAhl's net sales were SEK 4.8 billion. KappAhl is listed on NASDAQ OMX Stockholm. More information can be found at www.kappahl.com.