KappAhl acquires companies
In connection with company acquisitions, KappAhl has obtained tax loss carryforwards, which it expects to utilize starting from the 2012/2013 financial year.
The acquisitions are expected to give a positive net effect on shareholders' equity of approximately MSEK 260 for the quarterly accounts 28 February 2007, as a consequence of existing tax loss carryforwards. The acquired companies do not carry any activity today.
For more information, please contact:
Christian W. Jansson, President and CEO, tel: +46 709 95 02 01
Håkan Westin, CFO, tel: +46 704 71 56 64
KappAhl is a leading Nordic fashion chain with about 270 stores in Sweden, Norway, Finland and Poland. We design, market and sell clothes for the entire family, but our primary target group is women aged 30 to 50 who buy for the entire family. KappAhl's head office and distribution centre, which handles transport to all stores, are located in Mölndal, on the outskirts of Göteborg, Sweden. KappAhl employs around 3,700 people and more than 90 per cent are women. During the 2005/2006 financial year, KappAhl reported sales of SEK 4.2 billion, with an operating profit of SEK 530 million. KappAhl is listed on the Stockholm Stock Exchange. Further information about the company is available on www.kappahl.com and financial information is available on www.kappahl.com/ir.