Report for the first six months of the financial year 2009/2010 - Continuing positive trend
(Thomson Reuters ONE) -
Second quarter (December 2009 - February 2010)
* KappAhl's net sales (excluding VAT) for the period amounted to SEK 1,256
(1,168) million, an increase of 7.5 per cent.
* The operating profit was SEK 76 (65) million.
* The gross margin was 57.7 (58.0) per cent and the operating margin was 6.1
(5.6) per cent.
* Profit after tax was SEK 34 (34) million, which is equivalent to SEK 0.45
(0.45) per share.
* Cash flow from operating activities was SEK 159 (133) million.
First six months (September 2009 - February 2010)
* KappAhl's net sales for the period amounted to SEK 2,600 (2,434) million, an
increase of 6.8 per cent.
* The operating profit was SEK 283 (241) million.
* The gross margin was 61.5 (61.3) per cent and the operating margin was 10.9
(9.9) per cent.
* Profit after tax was SEK 212 (147) million, which is equivalent to SEK 2.83
(1.96) per share.
* Cash flow from operating activities was SEK 292 (260) million.
CEO's comments
During the quarter we have performed a good increase of the result. The period
started off well but with a weaker sale of spring collections at the end. We can
establish that the third quarter has started off much stronger than last year.
We have passed a milestone in the Group's development in that sales on a yearly
basis now have reached 5 billion in the past year. It is particularly gratifying
that growth is taking place with good profitability through retaining a strong
gross profit in combination with cost control.
At the same time we see that we are mentioned more often in the fashion press,
which is a proof that our concept is growing even stronger.
For further information, please contact
Christian W. Jansson, President and Chief Executive Officer, tel. +46 709
95 02 01
Håkan Westin, Chief Financial Officer, tel. 0704-71 56 64
KappAhlis a leading fashion chain with almost 350 stores and 4 300 employees in
Sweden, Norway, Finland, Poland and the Czech Republic. KappAhl sells
value-for-money fashion with a wide appeal - to women, men and children - and
focuses in particular on women aged 30-50 with families. All clothes are from
our own designers. In 1999 KappAhl was the first fashion chain to be
environmentally certified. In the 2008/2009 financial year KappAhl's net sales
were about SEK 5 billion and operating profit SEK 525 million. KappAhl is listed
on Nasdaq OMX Stockholm. More information is available at www.kappahl.com
KappAhl AB (publ) discloses the information provided here pursuant to the
Securities Market Act and/or the Financial Instruments Trading Act. The
information was submitted for publication on 23 March 2010 at 07.30 a.m.
The full report with tables can be downloaded from the following link:
[HUG#1396372]
Report for the first six months of the financial year 2009/2010: http://hugin.info/136331/R/1396372/352758.pdf
Unternehmensinformation / Kurzprofil:
Datum: 23.03.2010 - 07:31 Uhr
Sprache: Deutsch
News-ID 17863
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contact information:
Town:
Mölndal
Kategorie:
Business News
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