KappAhl Year-End Report 2016: Stable trend continues for KappAhl

STOCKHOLM--()--Regulatory News:

“The past year was characterised by financial recovery and improvement. The driving forces were developing KappAhl's customer offer, strengthening the gross margin and continued cost control.”

Read the full CEO statement on the next page.

  • Sales increased by 8.6 per cent to SEK 1,248 (1,149) million during the quarter and by 3.0 per cent to SEK 4,724 (4,588) million during the year. Sales in comparable stores were 5.6 per cent higher for the quarter and 2.7 per cent higher for the full year.
  • The gross margin increased by 0.6 percentage points to 58.0 (57.4) per cent for the quarter and by 1.7 percentage points to 61.8 (60.1) per cent for the year.
  • The operating margin for the quarter was 7.9 (4.5) per cent and 7.4 (4.3) per cent for the year.
  • The Board of Directors proposes that a dividend of SEK 1,25 per share be distributed.

 

 

Fourth Quarter

 

(June-Aug)

   

Twelve months

 

(Sep-Aug)

 
2015/2016 2014/2015 Change 2015/2016 2014/2015 Change
 
Net sales, SEK million 1 248 1 149 99 4 724 4 588 136
Operating profit/loss excluding non-recurring items, SEK million 99 62 37 350 208 142
Operating profit/loss, SEK million 99 52 47 350 198 152
Gross margin, % 58,0 57,4 0,6 61,8 60,1 1,7
Operating margin, % 7,9 4,5 3,4 7,4 4,3 3,1
Operating margin excluding non-recurring items, % 7,9 5,4 2,5 7,4 4,5 2,9
Profit after tax, SEK million 59 30 29,0 245 111 134
Earnings per share after dilution, SEK (Note 2) 0,77 0,39 0,38 3,19 1,45 1,73
Cash flow from operating activities, SEK million -3 8 -11 304 365 -61

This information is information that KappAhl AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication through the agency of President and CEO Danny Feltmann on 13 October 2016 at 07.30 CET.

KappAhl, founded in 1953 in Gothenburg, is one of the leading Nordic fashion chains with nearly 380 stores in Sweden, Norway, Finland and Poland as well as Shop Online. Our mission is to offer value-for-money fashion of our own design with wide appeal. About 38 per cent of the range has sustainable fashion labelling. In 2015/2016 sales were SEK 4.7 billion and the number of employees was about 4,000 in nine countries. KappAhl has been listed on Nasdaq Stockholm since 2006. More information is available at www.kappahl.com

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Contacts

KappAhl
Danny Feltmann, +46 31 771 5661
President & CEO
or
Anders Düring, +46 708 887 733
Chief Financial Officer
or
For photos and company information
Charlotte Högberg, Tel +46 704 71 56 31
Head Corporate Communications
charlotte.hogberg@kappahl.com

Contacts

KappAhl
Danny Feltmann, +46 31 771 5661
President & CEO
or
Anders Düring, +46 708 887 733
Chief Financial Officer
or
For photos and company information
Charlotte Högberg, Tel +46 704 71 56 31
Head Corporate Communications
charlotte.hogberg@kappahl.com