Year-end and fourth quarter report for the 2008/2009 financial year -
Statement of strength from Kap
(Thomson Reuters ONE) - Fourth quarter (June-Aug 2009) * KappAhl's net sales (excluding VAT) for the period amounted to SEK 1,226 (1,103) million, an increase of 11.2 per cent. * The operating profit was SEK 176 (182) million. Excluding the previous year's non-recurring items of SEK +31 million this is equivalent to an increase of 17 per cent. * The gross margin was 61.4 (61.9) per cent and the operating margin was 14.4 (16.5) per cent. * Profit after tax was SEK 106 (113) million, which is equivalent to SEK 1.41 (1.51) per share. * Cash flow from operating activities was SEK 100 (130) million.Full year (Sept 2008 - Aug 2009) * KappAhl's net sales for the period amounted to SEK 4,866 (4,622) million, an increase of 5.3 per cent. * The operating profit was SEK 526 (651) million. Excluding the previous year's non-recurring items of SEK +31 million, this is equivalent to a decrease of 15 per cent. * The gross margin was 61.1 (62.4) per cent and the operating margin was 10.8 (14.1) per cent. * Profit after tax was SEK 315 (436) million, which is equivalent to SEK 4.20 (5.81) per share. * Cash flow from operating activities was SEK 504 (730) million.CEO's commentsThe quality we deliver is impressive. Despite the worst recession fora very long time we are nevertheless keeping up with our operativeand financial targets. We are again seeing good growth for comparablestores. We have a strong business concept that will benefit us whenthe market turns. With our offer, a lot of fashion for the money, wehave taken market share in an industry that has had a difficult timein the past year. And furthermore with a gross margin that is stillvery strong.KappAhl now has 319 stores in four countries. Preparations for theCzech Republic, our fifth country, have been completed and the storein Brno opens in October. I have great faith in this venture and itwill be exciting to follow developments.In the uncertain market situation that still prevails, the Board ofKappAhl has decided to propose a reduced share dividend of SEK 1.25per share.For further information, please contactChristian W. Jansson, President and Chief Tel. +46 709 95 02 01Executive OfficerHåkan Westin, Chief Financial Officer Tel. +46 704 71 56 64KappAhl Holding AB (publ), Box 303, SE-431 24 Mölndal.KappAhl is a leading fashion chain with more than 300 stores and4,500 employees in Sweden, Norway, Finland and Poland. KappAhl sellsvalue-for-money fashion with a wide appeal - to women, men andchildren - and focuses in particular on women aged 30-50. All clothesare from our own designers. In the twelve-month period ending 31August 2009 KappAhl's net sales were approximately SEK 5 billion andoperating profit was SEK 526 million. KappAhl is a listed company. In1999 KappAhl was the first fashion chain to be environmentallycertified. Further information is available at www.kappahl.com/ir.The full report with tables can be downloaded from the followinglink:http://hugin.info/136331/R/1344728/322536.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 30.09.2009 - 07:31 Uhr
Sprache: Deutsch
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Statement of strength from Kap"
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