KappAhl Q1: A strong quarter in a challenging autumn

STOCKHOLM, Sweden--()--Regulatory News:

 

 

First quarter (Sep-Nov)

    2013/2014   2012/2013   Change
Net sales, SEK million   1 243   1 245   -2
Operating profit excluding capital gain on real property, SEK million   99   104   -5
Operating profit, SEK million   99   181   -82
Gross margin, %   63,3   63,3   0,0
Operating margin excluding capital gain, %   8,0   8,3   -0,3
Profit after tax, SEK million   62   115   -53
Earnings per share, SEK (Note 1)   0,83   2,35   -1,52
Cash flow from operating activities, SEK million   125   75   50
  • Sales for the quarter in line with last year despite a warm autumn and six fewer stores.
  • Growth over the rolling four quarters was 2.3 (-3.9)%.
  • Cost saving measures according to plan.
  • Strongly improved cash flow and lower net debt.
  • Improved inventories as regards both contents and volume.

”…Now we have the results of the first quarter we can see that KappAhl is delivering figures on a level with the previous year …”

Johan Åberg, President and CEO. Read the full CEO statement on the next page.

There will be a telephone conference and webcast for analysts, media and investors today at 09.00. 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 at www.kappahl.com/presentations, where the webcast will be saved for later viewing.

About KappAhl

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. KappAhl was the world’s first fashion retailer to gain environmental certification in 1999. 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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Contacts

KappAhl
President and CEO
Johan Åberg, +46 706-09 99 73
johan.aberg@kappahl.com
or
VP and CFO
Anders Düring, +46 708-88 77 33
anders.during@kappahl.com
or
Company information and photos
Head Public Relations
Charlotte Högberg, +46 704-71 56 31
charlotte.hogberg@kappahl.com

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Contacts

KappAhl
President and CEO
Johan Åberg, +46 706-09 99 73
johan.aberg@kappahl.com
or
VP and CFO
Anders Düring, +46 708-88 77 33
anders.during@kappahl.com
or
Company information and photos
Head Public Relations
Charlotte Högberg, +46 704-71 56 31
charlotte.hogberg@kappahl.com