Home / Knowledge / News / Fashion / KappAhl net sales for 2016-17 rises 4.1 %
KappAhl net sales for 2016-17 rises 4.1 %
Oct '17
Courtesy: Kappahl
Courtesy: Kappahl
The net sales of KappAhl, a leading fashion chain based in the Nordic region, for the financial year 2016-17 has increased 4.1 per cent to SEK 4,916 (4,724) million. For the fourth quarter of fiscal 2017, the company's net sales remained unchanged at SEK 1,248 (1,248) million in comparison to the corresponding period of the previous year.

Gross profit for the full year was SEK 3,056 (2,918) million, which corresponded to gross margin of 62.2 (61.8) per cent for previous year. Similarly, gross profit for the fourth quarter was SEK 757 (724) million, which corresponded to gross margin of 60.7(58.0) per cent.

The operating profit for the year was SEK 448 (350) million, equivalent to operating margin of 9.1 (7.4) per cent. For the fourth quarter of 2017, the operating profit was SEK 139 (99) million, equivalent to operating margin of 11.1 (7.9) per cent. 

For 2017, profit before tax was SEK 427 (341) million and profit after tax was SEK 364 (245) million. Profit before tax was SEK 124 (95) million and profit after tax was SEK 141 (59) million for the fourth quarter.

"The 2016/2017 financial year was yet another step towards KappAhl’s financial targets–to achieve an operating margin of 10 per cent and a sales increase of 4 per cent over a business cycle. The operating margin for the year was 9.1 (7.4) per cent and sales increased by 4.1 per cent. An improved gross margin, leverage on costs and the restructuring programme in Poland are positive factors affecting the profit for the year," said Danny Feltmann, president and chief executive officer.

KappAhl's cash flow from operating activities before changes in working capital was SEK 529 (439) million for the year. The improvement mainly refers to a higher operating profit. The change in inventories is mainly related to an increased inventory turnover rate. Investments of SEK 177 (120) million were made during the period, mainly referring to investments in existing and newly opened stores and process and IT related investments.

"We have confirmation that our efforts are having an effect and our development work is now continuing at a sustained pace. The pace of investment will probably continue to be high as we adapt the store network and develop omni-channel services. The exciting expansion of Newbie Stores continues, in existing markets and to the United Kingdom. A guiding star in the ongoing work is the right fashion for our customer, when and how the customer chooses. The goal is for KappAhl to be the first-hand choice, thus laying the foundation for continued growth. We are continuing this journey with great enthusiasm," concluded Feltmann. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search