KappAhl Year End report: A stronger position in our market
| Fourth quarter (Jun–Aug) | Full year (Sep-Aug) | |||||
| 2012/2013 | 2011/2012 | Change | 2012/2013 | 2011/2012 | Change | |
| 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.
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