KappAhl Q1 Report 2016/2017: A Good Start to the New Year

News provided by

KappAhl

21 Dec, 2016, 06:51 GMT

STOCKHOLM, Sweden, Dec 21, 2016 /PRNewswire/ --

"The Scandinavian market has contributed increased sales in local currency."                                                                                                   
Read the CEO statement in the enclosed report. 

  • In the quarter sales increased by 8.3 per cent to SEK 1,261 (1,165) million. Sales in comparable stores increased by 4.8 per cent.
  • During the quarter, fifteen KappAhl stores and another three Newbie Stores opened.
  • Since the launch of the new smart phone app for customer club members in Sweden and Finland so far it has been downloaded half a million times.
  • The operating margin for the quarter was 11.4 (10.0) per cent.

 First Quarter    

2016/2017

(Sep-Nov)  

2015/2016

Change




Net sales, SEK million

1 261

1 165

96

 

Operating profit/loss, SEK   million

 

144

 

117

 

27

 

Gross margin, %

 

65,3

 

65,6

 

-0.3

 

Operating margin, %

 

11,4

 

10,0

 

1.4

 

Profit after tax, SEK million

 

107

 

83

 

24

 

Earnings per share, SEK

 

1,39

 

1,08

 

0.31

 

Cash flow from operating   activities, SEK million

 

162

 

89

 

73

CONTACT:

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,
E-mail: charlotte.hogberg@kappahl.com

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http://news.cision.com/kappahl/r/kappahl-q1-report-2016-2017--a-good-start-to-the-new-year,c2154455

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SOURCE KappAhl