KappAhl Year End report: A stronger position in our market

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News Desk 2018

Oct 2, 2013 at 1:45 AM

+----------------------------+---------+-----+------+-----+---------+------+ | |Fourth |Full | | |quarter |year | | |(Jun–Aug) |(Sep | | | |-Aug) | | | | | +----------------------------+---------+-----+------+-----+---------+------+ | |2012/2013|2011/|Change|2012/|2011/2012|Change| | | |2012 | |2013 | | | +----------------------------+---------+-----+------+-----+---------+------+ |Net sales, SEK million |1 148 |1 129|19 |4 751|4 587 |164 | | | | | | | | | +----------------------------+---------+-----+------+-----+---------+------+ |Operating profit excluding|57 |46 |11 |202 |53 |149 | |non-recurring costs, SEK | | | | | | | |million | | | | | | | +----------------------------+---------+-----+------+-----+---------+------+ |Operating profit, SEK |43 |29 |14 |252 |-64 |316 | |million | | | | | | | +----------------------------+---------+-----+------+-----+---------+------+ |Gross margin, % |57,0 |57,0 |0,0 |59,2 |56,7 |2,5 | +----------------------------+---------+-----+------+-----+---------+------+ |Operating margin excluding|5,0 |4,1 |0,9 |4,3 |1,2 |3,1 | |non-recurring items, % | | | | | | | +----------------------------+---------+-----+------+-----+---------+------+ |Profit after tax, SEK |7 |-40 |47 |91 |-224 |315 | |million | | | | | | | +----------------------------+---------+-----+------+-----+---------+------+ |Earnings per share, SEK |0.09 |-0,82|0,91 |1,32 |-5,30 |6,62 | |(Note 1) | | | | | | | +----------------------------+---------+-----+------+-----+---------+------+ |Cash flow from operating |15 |-27 |42 |230 |153 |77 | |activities, SEK million | | | | | | | +----------------------------+---------+-----+------+-----+---------+------+ · 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. For further information: Johan Åberg / President and CEO, tel. +46 706 09 99 73 Claes-Göran Starud / acting CFO, tel. +46 704 71 56 64 For pictures and other information: Charlotte Högberg/ Head of Public Relations, tel. +46 704 71 56 31, charlotte.högberg@kappahl.com 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. KappAhlwas 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.

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