KappAhl announced results for quarter one fiscal year 2012-13.
Increased sales and strong gross margin
– Women’s assortment back at a good sales level
-Net sales increased by 4.4 per cent for the quarter. Of this, the increase in comparable stores was 3.0 per cent.
-Gross margin improved by 4.9 percentage points.
-Costs increased marginally, despite 14 more stores.
-Sale of real property led to a capital gain of SEK 77 million.
-Equity/assets ratio increased to 40.8 per cent, including the rights issue approved by the Annual General Meeting.
“It’s a little too early to say this is a new positive trend for the company but it’s quite clear there are strong signals indicating we are on the right path.” By Johan Åberg, President and CEO.
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 2011/2012 financial year KappAhl's net sales were SEK 4.6 billion.