STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
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Quarter 1 (SEP-NOV) |
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2012/2013 |
2011/2012 |
Change |
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| Net sales, SEK million | 1 245 | 1 193 | 52 | |||
| Operating profit excluding capital gain on real property, SEK million | 104 | 16 | 88 | |||
| Operating profit/loss, SEK million | 181 | 16 | 165 | |||
| Gross profit margin, % | 63,3 | 58,4 | ||||
| Operating margin excluding capital gain, % | 8,3 | 1,3 | ||||
| Profit after tax, SEK million | 115 | -11 | 126 | |||
| Earnings per share, SEK (Note 1) | 0,51 | -0,04 | ||||
| Cash flow from operating activities, SEK million | 79 | 30 | 49 |
- Net sales increased by 4.4 per cent for the quarter. Of this, the increase in comparable stores was 3.0 per cent.
- Gross margin improved by 4.9 percentage points.
- Costs increased marginally, despite 14 more stores.
- Sale of real property led to a capital gain of SEK 77 million.
- Equity/assets ratio increased to 40.8 per cent, including the rights issue approved by the Annual General Meeting.
“It’s a little too early to say this is a new positive trend for the company but it’s quite clear there are strong signals indicating we are on the right path.” Johan Åberg, President and CEO. Read the full CEO statement in the enclosed report.
There will be a telephone conference and webcast for analysts, media and investors today at 9.00. To participate in the conference call +44 203 364 5371 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 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 16 January 2013 at 07.30 a.m.
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.
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