KappAhl Year End Report 2017/2018: A challenging year
“…Effects of fewer visits to stores and tough competition contributed to a decrease in sales of 3.2 per cent (for the full year). At the same time, good cost control and intensive development work …have meant that we are in a stronger starting position than a year ago…”
Read the full CEO statement in the report.
- Sales decreased by 0.7 per cent in the quarter. In the period September 2017 -August 2018 they decreased by 3.2 per cent.
- The gross margin was 59.2 (60.7) per cent for the quarter. Accumulated for the fiscal year it was 61.8 (62.2) per cent.
- The operating profit was reduced to SEK 66 (139) million for the quarter and SEK 282 (448) million for September-August.
- The Board of Directors proposes that a dividend of SEK 2.00 per share be distributed.
| Forth Quarter (June-Aug) | Twelve months (Sep-Aug) | ||||||
| 2017/2018 | 2016/2017 | Change | 2017/2018 | 2016/2017 | Change | ||
| Net sales, SEK million | 1 239 | 1 248 | -9 | 4 760 | 4 916 | -156 | |
| Operating profit/loss, SEK million | 66 | 139 | -73 | 282 | 448 | -166 | |
| Gross margin, % | 59,2 | 60,7 | -1,5 | 61,8 | 62,2 | -0,4 | |
| Operating margin, % | 5,3 | 11,1 | -5,9 | 5,9 | 9,1 | -3,3 | |
| Profit after tax, SEK million | 49 | 141 | -92 | 224 | 364 | -140 | |
| Earnings per share, SEK | 0,64 | 1,84 | -1,19 | 2,92 | 4,74 | -1,82 | |
| Cash flow from operating activities, SEK million | -47 | 61 | -108 | 294 | 572 | -278 | |
A presentation of the report, which will also be made available via the web and as a telephone conference, will be given for analysts, media and investors today at 09.00 at Helio GT 30, Grev Turegatan 30 in Stockholm. To notify attendance at the event, please email hearings@financialhearings.com. To participate by telephone please call +46 8 566 426 97 about 5 minutes before the start. The webcast can be accessed via www.kappahl.se, under the heading ”Financial information”, select “Reports & presentations”.
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 11 October 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 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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