Home / Knowledge / News / Apparel/Garments / Fashion chain KappAhl Q3 FY'13 sales up 5.6%
Fashion chain KappAhl Q3 FY'13 sales up 5.6%
Jul '13
Fashion chain KappAhl reported financial results for the fiscal third quarter.


- Net sales increased by 5.6 per cent for the quarter. Of this, the increase in comparable stores was 6.5 per cent.
- The gross margin improved by 2.1 percentage points.
- The equity/assets ratio increased to 47.6 per cent.
- Improved operating profit for the fourth quarter in a row.

KappAhl’s net sales for the quarter amounted to SEK 1,210 (1,146) million, an increase of 5.6 per cent. The development is explained by the change in comparable stores of 6.5 per cent, the effect of new and closed stores of 1.4 per cent, and translation differences in currencies totalling -2.3 per cent. Sales clearly improved in all business areas. These improvements are apparent through a positive sales trend in comparable stores in all countries.

Gross profit for the quarter was SEK 740 (677) million, which corresponds to a gross margin of 61.2 (59.1) per cent. A good balance in inventories combined with an improved range has resulted in a higher percentage of full price sales.

Selling and administrative expenses for the quarter were SEK 664 (648) million, excluding non-recurring items. The non-recurring item of SEK 12 million refers to the cost of staff cuts of about 40 positions in central functions. Including non-recurring items selling and administrative expenses were SEK 676 (648) million in the third quarter.

The operating profit was SEK 64 (29) million and excluding non-recurring items SEK 76 (46 million). This corresponds to an operating margin of 5.3 (2.5) per cent or 6.3 (4.0) per cent excluding non-recurring items. Depreciation according to plan was SEK 33 (37) million.

Net financial income was SEK -21 (-34) million for the quarter. The improvement in net financial income is due to the rights issue in the autumn and sale of real property, as well as a positive cash flow from operations. Since the company's debts were reduced during the quarter a surplus on interest swaps arose, which entailed an extra cost of SEK 6 million. In addition the improved earnings have meant lower interest expense on the Company's debt.

Profit/loss after financial items was SEK 43 (-5) million and the profit/loss after estimated tax was SEK 32 (-10) million. Earnings per share for the quarter were SEK 0.43 (-1.46).

"I am very pleased that KappAhl is reporting an improved result for the fourth quarter in a row. We continue to show growth with improved margins and reduced net debt…” Johan Åberg, President and CEO.

Click here to view full results


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search