“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 Twelve
Quarter months
(June (Sep
-Aug) -Aug)
2015/201 2014/ Change 2015/20 2014/ Change
6 2015 16 2015
Net sales, SEK 1 248 1 149 99 4 724 4 588 136
million
Operating 99 62 37 350 208 142
profit/loss
excluding
non-recurring
items, SEK
million
Operating 99 52 47 350 198 152
profit/loss, SEK
million
Gross margin, % 58,0 57,4 0,6 61,8 60,1 1,7
Operating 7,9 4,5 3,4 7,4 4,3 3,1
margin, %
Operating margin 7,9 5,4 2,5 7,4 4,5 2,9
excluding non
-recurring
items, %
Profit after 59 30 29,0 245 111 134
tax, SEK million
Earnings per 0,77 0,39 0,38 3,19 1,45 1,73
share after
dilution, SEK
(Note 2)
Cash flow from -3 8 -11 304 365 -61
operating
activities, SEK
million
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.
For further information
Danny Feltmann, President & CEO. Tel +46 31 771 5661.
Anders Düring, Chief Financial Officer. Tel +46 708 887 733.
For photos and company information
Charlotte Högberg, Head Corporate Communications, Tel +46 704 71 56 31,
charlotte.hogberg@kappahl.com
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
KappAhl Year-End Report 2016: Stable trend continues for KappAhl
| Source: KappAhl Holding AB
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