KappAhl Q1 2018/2019: A quarter with intensive campaigns and expansion
“After the close of the first quarter of the financial year we see that KappAhl performed better than the industry in all sales markets. Sales increased by 2.4 per cent compared with the previous year, but the slowing consumption meant a continued high tempo of costly sales activities.”
Read the full CEO statement in the enclosed report.
- Sales increased by 2.4 per cent in the quarter.
- The gross margin was 63.3 (64.6) per cent.
- Operating profit for the quarter decreased to SEK 52 (90) million.
- During the quarter, Elisabeth Peregi has been appointed new President and CEO at KappAhl. She will take up her new position during the spring of 2019.
| First Quarter (Sept-Nov) | Twelve months (Sep-Aug) | |||||||
| 2018/2019 | 2017/2018 | Change | 2018/2019 | 2017/2018 | Change | |||
| Net sales, SEK million | 1 194 | 1 166 | 28 | 1 194 | 1 166 | 28 | ||
| Gross margin, % | 63,3 | 64,6 | -1,3 | 63,3 | 64,6 | -1,3 | ||
| Operating profit/loss, SEK million | 52 | 90 | -38 | 52 | 90 | -38 | ||
| Operating margin, % | 4,4 | 7,8 | -3,4 | 4,4 | 7,8 | -3,5 | ||
| Profit after tax, SEK million | 41 | 77 | -36 | 41 | 77 | -36 | ||
| Earnings per share, SEK | 0,53 | 1,00 | -0,47 | 0,53 | 1,00 | -0,47 | ||
| Cash flow from operating activities, SEK million | 54 | 138 | -84 | 55 | 138 | -83 | ||
This information is information that KappAhl AB is obliged to disclose pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was released for public disclosure through the agency of acting CEO Peter Andersson, on 19 December 2018 at 07.30 CET.
For more information:
Peter Andersson, acting CEO and Chief Financial Officer. Tel. +46 703 31 55 70.
Charlotte Högberg, Head Corporate Communications. Tel. +46 704 71 56 31. Email charlotte.hogberg@kappahl.com.
KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the Nordic region with 380 KappAhl and Newbie stores, including Shop Online, in Sweden, Norway, Finland, Poland and Great Britain. Our business idea is to offer value-for-money fashion of our own design to the many people. Sustainability-labeled fashion accounts for 57 per cent of the range. Sales for 2017/2018 totaled SEK 4.8 billion and the company has approx. 4,000 employees in ten countries. KappAhl is quoted on Nasdaq Stockholm. More information at www.kappahl.com
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