YEAR-END REPORT
REPORT FOR THE FOURTH QUARTER 2011/2012
Increase in gross profit margin
| Quarter 4 (JUN-AUG) | Full year (SEP-AUG) | |||||
| 2011/2012 | 2010/2011 | Change | 2011/2012 | 2010/2011 | Change | |
| Net sales, SEK million | 1 129 | 1 208 | -79 | 4 587 | 4 974 | -387 |
| Operating profit excluding non-recurring costs, SEK million | 46 | 17 | +29 | 53 | 236 | -183 |
| Operating profit/loss, SEK million | 29 | 3 | +26 | -64 | 222 | -286 |
| Gross profit margin, % | 57,0 | 54,0 | 56,7 | 58,8 | ||
| Operating margin, % | 2,6 | 0,2 | -1,4 | 4,5 | ||
| Profit after tax, SEK million | -40 | -54 | +14 | -224 | 68 | -292 |
| Earnings per share, SEK (Note 1) | -0,18 | -0,51 | -1,15 | 0,65 | ||
| Cash flow from operating activities, SEK million | -27 | -97 | +70 | 153 | 95 | +58 |
- Net sales decreased by 6.5 per cent for the quarter and 7.8 per cent for the full year.
- Gross profit margin has increased by 3.0 percentage.
- Costs decreased by 5.2 per cent for the quarter and 1.5 per cent for the full year.
- The balance sheet is strengthened by new share issue and sale of property.
“It is gratifying to see that there are many bright spots for KappAhl. By far the strongest is that we have a better operating profit than the previous year. (…) We are very eager to prove our worth, we are on the right path and doing the right things.”
Johan Åberg, President and CEO. Read the full CEO statement in the enclosed report.
A presentation and telephone conference will be held for analysts, media and investors today at 9.00 at Operaterrassen in Stockholm. Please go to www.kappahl.com/presentations to register attendance at Operaterrassen. At the website a webcast will also be shown in real time and saved for later viewing. To participate by telephone please call about 5 minutes before the start +44 (0)207 7509950.
For further information:
Johan Åberg / President and CEO, tel. +46 706 09 99 73
Håkan Westin, CFO, tel. + 46 704 71 56 64
For pictures and other information:
Annette Björklund / Head of public relations, tel. +46 704 71 55 42,
annette.bjorklund@kappahl.com
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