KappAhl Year-End Report 2016: Stable trend continues for KappAhl
“The past year was characterised by financial recovery and improvement. The driving forces were developing KappAhl's customer offer, strengthening the gross margin and continued cost control.”
Read the full CEO statement on the next page.
- Sales increased by 8.6 per cent to SEK 1,248 (1,149) million during the quarter and by 3.0 per cent to SEK 4,724 (4,588) million during the year. Sales in comparable stores were 5.6 per cent higher for the quarter and 2.7 per cent higher for the full year.
- The gross margin increased by 0.6 percentage points to 58.0 (57.4) per cent for the quarter and by 1.7 percentage points to 61.8 (60.1) per cent for the year.
- The operating margin for the quarter was 7.9 (4.5) per cent and 7.4 (4.3) per cent for the year.
- The Board of Directors proposes that a dividend of SEK 1,25 per share be distributed.
| Fourth Quarter (June-Aug) | Twelve months (Sep-Aug) | |||||
| 2015/2016 | 2014/2015 | Change | 2015/2016 | 2014/2015 | Change | |
| Net sales, SEK million | 1 248 | 1 149 | 99 | 4 724 | 4 588 | 136 |
| Operating profit/loss excluding non-recurring items, SEK million | 99 | 62 | 37 | 350 | 208 | 142 |
| Operating profit/loss, SEK million | 99 | 52 | 47 | 350 | 198 | 152 |
| Gross margin, % | 58,0 | 57,4 | 0,6 | 61,8 | 60,1 | 1,7 |
| Operating margin, % | 7,9 | 4,5 | 3,4 | 7,4 | 4,3 | 3,1 |
| Operating margin excluding non-recurring items, % | 7,9 | 5,4 | 2,5 | 7,4 | 4,5 | 2,9 |
| Profit after tax, SEK million | 59 | 30 | 29,0 | 245 | 111 | 134 |
| Earnings per share after dilution, SEK (Note 2) | 0,77 | 0,39 | 0,38 | 3,19 | 1,45 | 1,73 |
| Cash flow from operating activities, SEK million | -3 | 8 | -11 | 304 | 365 | -61 |
This information is information that KappAhl AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication through the agency of President and CEO Danny Feltmann on 13 October 2016 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. About 38 per cent of the range has sustainable fashion labelling. 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:
