KappAhl Half Year Report 2016: Good profitability and strong financial position
"The second quarter outcome shows a continued strong financial position. The strong gross margin, as in the previous quarter, is a result of our pricing and campaign strategy. Lower overhead expenses in the quarter also contributed to the sound operating profit."
Read the full CEO statement in the attached report.
- The Group's sales increased during the quarter by 1.0 per cent in local currencies. Restated in SEK, sales decreased by 1.5 per cent.
- The gross margin was positively affected by continued changes in pricing/campaign strategy.
- Overhead expenses are 3.6 per cent lower than the previous year.
- The operating profit improved to SEK 31 (9) million.
The information in this interim report is disclosed by KappAhl AB (publ) pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 14 April 2016 at 07.30 am.
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, email@example.com
KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the Nordic region with close to 380 stores in Sweden, Norway, Finland and Poland. Our business idea is to offer value-for-money fashion of our own design to the many people. Sustainability-labeled fashion accounts for roughly one quarter of the range. Sales for 2014/2015 totaled SEK 4.6 billion and the company has approx. 4,000 employees in eight countries. KappAhl is quoted on Nasdaq Stockholm. More information is available at www.kappahl.com
Download file here:: KappAhl Half-Yearly Report 2016_2017.pdf