Strong quarter with increased profit
"KappAhl has continued to perform better than the market. The cautious consumption at the start of the quarter turned into very good sales at the end when range and campaigns matched demand in the warm early summer weather."
Johan Åberg, President and CEO. Read the full CEO statement in the enclosed Q3-report.
| Third quarter (March-May) | Nine months (September-May) | |||||
| 2013/2014 | 2012/2013 | Change | 2013/2014 | 2012/2013 | Change | |
| Net sales, SEK m | 1 201 | 1 210 | -9 | 3 558 | 3 603 | -45 |
| Operating profit excluding non-recurring items, SEK m | 101 | 76 | 25 | 203 | 145 | 58 |
| Operating profit/loss, SEK m | 101 | 64 | 37 | 203 | 209 | -6 |
| Gross margin % | 62,7 | 61,2 | 1,5 | 61,4 | 60,0 | 1,4 |
| Operating margin excluding non-recurring items, % | 8,4 | 6,3 | 2,1 | 5,7 | 4,0 | 1,7 |
| Profit after tax, SEK m | 42 | 32 | 10 | 97 | 83 | 14 |
| Earnings per share after dilution, SEK (Note 1) | 0.56 | 0.43 | 0.13 | 1.28 | 1.25 | 0.03 |
| Cash flow from operating activities, SEK m | 271 | 191 | 80 | 345 | 215 | 130 |
- Net sales in comparable stores increased by 0.9 per cent during the quarter and 0.5 per cent in September-May
- During the quarter the gross margin improved by 1.5 percentage points compared with the previous year.
- Operating profit improved by 58 per cent for the quarter
- A cost of SEK 29 million for all interest swaps is charged to net financial income for the quarter.
There will be a telephone conference and webcast for analysts, media and investors today at 9.00. To participate in the conference call +46 8 519 990 30 about 5 minutes before the start. The telephone conference can also be followed via a webcast on www.kappahl.com/presentations, where the broadcast will also be saved for viewing later.
The information in this interim report is disclosed by KappAhl AB (publ) pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for public disclosure on 26 June 2014, at 07.30.
För ytterligare information kontakta
Johan Åberg, President and CEO, phone 46 706-09 99 73, johan.aberg@kappahl.com
Anders Düring, VP and CFO, phone 46 708-88 77 33, anders.during@kappahl.com
Company information and photos
Charlotte Högberg, Head Public Relations, phone 46 704-71 56 31, charlotte.hogberg@kappahl.com
KappAhl, founded in 1953, is one of the Nordic region’s leading fashion retailers with close to 400 stores in Sweden, Norway, Finland and Poland, and Shop Online. KappAhl offers value-for-money fashion of its own design to the many people – men, women and children, with a special focus on women in the prime of life. 18% of the range is sustainability labeled. In 2012/2013, sales were SEK 4.8 billion and the number of employees approximately 4,500. KappAhl is quoted on Nasdaq OMX Stockholm. For more information, go to www.kappahl.com.
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