STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
| Fourth quarter (Jun–Aug) | Full year(Sep-Aug) | ||||||||||
| 2012/2013 | 2011/2012 | Change | 2012/2013 | 2011/2012 | Change | ||||||
| Net sales, SEK million | 1 148 | 1 129 | 19 | 4 751 | 4 587 | 164 | |||||
|
Operating profit excluding non-recurring costs, SEK million |
57 | 46 | 11 | 202 | 53 | 149 | |||||
| Operating profit, SEK million | 43 | 29 | 14 | 252 | -64 | 316 | |||||
| Gross margin, % | 57,0 | 57,0 | 0,0 | 59,2 | 56,7 | 2,5 | |||||
|
Operating margin excluding non-recurring items, % |
5,0 | 4,1 | 0,9 | 4,3 | 1,2 | 3,1 | |||||
| Profit after tax, SEK million | 7 | -40 | 47 | 91 | -224 | 315 | |||||
| Earnings per share, SEK (Note 1) | 0.09 | -0,82 | 0,91 | 1,32 | -5,30 | 6,62 | |||||
|
Cash flow from operating activities, SEK million |
15 | -27 | 42 | 230 | 153 | 77 | |||||
- Net sales increased by 1.7 % for the quarter and 3.6 % for the full year.
- Sales in comparable stores increased during the quarter by 1.7 % and for the full year by 3.0 %.
- The gross margin improved by 2.5 percentage points for the full year.
- The Board of Directors proposes that no dividend be distributed for the financial year.
- New operative and financial targets have been set.
”In brief, it has been a good year for KappAhl. We have achieved the year's targets and report increased sales, stronger gross margins and improved earnings. We have taken measures and are closing the year with a strong balance sheet.”
Johan Åberg, President and CEO. Read the full CEO statement on the next page.
A presentation and telephone conference will be held for analysts, media and investors today at 9.30 at Operaterrassen in Stockholm. To notify attendance at Operaterrassen go to www.kappahl.com/presentations, where the webcast will also be broadcast direct and saved for viewing later. To participate by telephone please call +46 8 5055 6477 about 5 minutes before the start.
The information in this year-end 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 2 October 2013 at 07.30 a.m.
KappAhl was established in 1953 and is a leading fashion chain soon with 400 stores and 4,500 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. KappAhl was the first fashion chain to achieve environmental certification in 1999. In the 2012/2013 financial year KappAhl's net sales were SEK 4.8 billion. KappAhl is listed on NASDAQ OMX Stockholm. More information can be found at www.kappahl.com.
This information was brought to you by Cision http://news.cision.com
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