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 charlotte.hogberg@kappahl.com

Download file here:: KappAhl Q1 Report 2015-2016.pdf