KappAhl Report First Quarter 2015/2016: A strong quarter
"The first quarter was a strong quarter for KappAhl. We deliver a sound gross margin, still have good cost control and are continuing with our priority investments. What contributes to our sound margins is a combination of a successful new offer strategy and a price strategy that compensates for higher purchase prices. In all, KappAhl delivers an operating margin that approaches the long-term target of ten per cent."
Gross margin and operating profit exceed the previous year.
Continued strengthened balance sheet.
For the first time all three of the Group's concepts have opened in the same market place; Mall of Scandinavia.
Shop Online has been launched in Poland.
Danny Feltmann is the new President and Chief Executive Officer from 1 December.
Read the full report in the attached PDF file.
For further information
Danny Feltmann, President & CEO. Tel +46 31 771 5661
Anders Düring, Chief Financial Officer. Tel. +46 708 887 733
Charlotte Högberg, Head Corporate Communications. Tel. +46 704 715 631 E-mail firstname.lastname@example.org
Download file: KappAhl Q1 Report 2015-2016.pdf