Positive effect on profit after verdict
Oslo magistrates' court (tingrett) has announced its verdict in the case of interpreting customs duty on the value of KappAhl's imports to Norway.
This direct one-off positive effect for KappAhl is an additional SEK 25 million for the results in Q4 of which SEK 21 million is related to time before the current year. In future this will mean a positive effect on profits annually of around SEK 4 million. The verdict can be appealed against within one month.
For further information, please contact:
Håkan Westin, CFO, tel: +46 (0)70 471 56 64
Christian W. Jansson, CEO, tel: +46 (0)70 995 02 01
KappAhl sells clothes for women, men and children in more than 250 stores in Sweden, Norway, Finland and Poland. We offer value-for-money fashion for regular people. Our customers are mostly women over 30 years of age with a partner and family. The KappAhl Group employs more than 3,500 people, and sales for the most recent financial year totalled SEK 5 billion including VAT. KappAhl is Sweden's largest clothing chain. The head office is located in Mölndal, on the outskirts of Gothenburg, Sweden's second largest city. KappAhl shares are listed on the Stockholm Stock Exchange. Further information is available onwww.kappahl.com