KappAhl Q3: Improved result and continued growth

STOCKHOLM--()--Regulatory News:

             

 

   

Third quarter (March–May)

   

Nine months (Sept-May)

   

2012/2013

 

2011/2012

 

Change

   

2012/2013

 

2011/2012

 

Change

Net sales, SEK million

   

1 210

 

1 146

 

64

   

3 603

 

3 458

 

145

Operating profit excluding non-recurring items, SEK million

   

76

 

46

 

30

   

145

 

7

 

138

Operating profit, SEK million

   

64

 

29

 

35

   

209

 

-93

 

302

Gross profit margin, %

   

61,2

 

59,1

 

2,1

   

60,0

 

56,5

 

3,5

Operating margin excluding non-recurring items, %

   

6,3

 

4,0

 

2,3

   

4,0

 

0,2

 

3,8

Profit after tax, SEK million

   

32

 

-10

 

42

   

83

 

-184

 

267

Earnings per share, SEK (Note 1)

   

0,43

 

-1,46

 

1,89

   

1,25

 

-6,40

 

7,65

Cash flow from operating activities, SEK million

   

191

 

117

 

74

   

215

 

180

 

35

  • Net sales increased by 5.6 per cent for the quarter. Of this, the increase in comparable stores was 6.5 per cent.
  • The gross margin improved by 2.1 percentage points.
  • The equity/assets ratio increased to 47.6 per cent.
  • Improved operating profit for the fourth quarter in a row.

"I am very pleased that KappAhl is reporting an improved result for the fourth quarter in a row. We continue to show growth with improved margins and reduced net debt…”

Johan Åberg, President and CEO. Read the CEO statement in the full report.

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 5055 6477 about 5 minutes before the start. The telephone conference can also be followed via a webcast at www.kappahl.com/presentations, where the webcast will also be saved for later viewing.

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 submitted for publication on 28 June 2013 at 07.30.

KappAhl was 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 2011/2012 financial year KappAhl's net sales were SEK 4.6 billion. KappAhl is listed on NASDAQ OMX Stockholm. More information can be found at www.kappahl.com.

This information was brought to you by Cision http://news.cision.com

Contacts

KappAhl AB
Johan Åberg, +46 706 09 99 73
President and CEO
or
Claes-Göran Starud, +46 704 71 56 64
Acting CFO
or
For pictures and other information
Charlotte Högberg, +46 704 71 56 31
Head of Public Relations
charlotte.hogberg@kappahl.com

Contacts

KappAhl AB
Johan Åberg, +46 706 09 99 73
President and CEO
or
Claes-Göran Starud, +46 704 71 56 64
Acting CFO
or
For pictures and other information
Charlotte Högberg, +46 704 71 56 31
Head of Public Relations
charlotte.hogberg@kappahl.com