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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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

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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