Home / Knowledge / News / Fashion / Stable development at Nordic fashion chain KappAhl
Stable development at Nordic fashion chain KappAhl
30
Jun '08
KappAhl's net sales for the period (excluding VAT) amounted to MSEK 1,140 (1,106), an increase of 3.1 percent. Operating profit amounted to MSEK 145 (132). Operating profit in the previous year was affected positively by non-recurring items in an amount of MSEK 3. Excluding non-recurring items, profit increased by 12.4 percent.

The gross margin amounted to 63.8 percent (62.3) and the operating margin was 12.7 percent (11.9). Profit after taxes amounted to MSEK 112 (79), which is equivalent to SEK 1.49 (1.05) per share. Profit has been positively affected in an amount of MSEK 23 due to the termination of a financial lease for real estate. Cash flow from operating activities totalled MSEK 221 (136). First nine months (September 2007 - May 2008)

KappAhl's net sales for the period amounted to MSEK 3,519 (3,383), an increase of 4.0 percent.
Operating profit amounted to MSEK 469 (435). Operating profit in the previous year was affected positively by non-recurring items in an amount of MSEK 16. Excluding non-recurring items, profit increased by 11.9 percent. The gross margin amounted to 62.5 percent (60.8) and the operating margin was 13.3 percent (12.9).

Profit after taxes amounted to MSEK 324 (540), which is equivalent to SEK 4.32 (7.20) per share. Profit after taxes in the previous year was positively affected by tax revenue of MSEK 270. Cash flow from operating activities totalled MSEK 600 (449).

CEO's comments : During the spring, the fashion market was slightly weaker than in previous quarters. Our ability to demonstrate continued steady development in such a market is highly encouraging and indicates that KappAhl has a strong offer that appeals to our customers. However, global uncertainty may lead to caution on the part of our customers.

This makes it difficult to assess the near future, at the same time as these conditions could also bring new business opportunities for operations of our type. We are also pleased to be able to state that growth from new stores will increase, as we now have contracts for 56 new stores.

KappAhl is a leading fashion chain with around 4,000 employees and nearly 300 stores in Sweden, Norway, Finland and Poland. KappAhl sells value-for-money fashion to a number of target groups - men, women and children - but focuses particularly on women between 30 and 50. All clothes are designed by in-house designers.

KappAhl


Must ReadView All

UK retailers may face extra £190 mn in business rates

Apparel/Garments | On 21st Sep 2018

UK retailers may face extra £190 mn in business rates

Retailers in the UK are likely to face an extra £190 million on their ...

Courtesy: EFI

Textiles | On 21st Sep 2018

Digital textile printing expected to grow at 20% CAGR

Digital textile printing is at this time about 3-4 per cent of all...

Bangladesh demands better prices for garment items from US

Apparel/Garments | On 21st Sep 2018

Bangladesh demands better prices for garment items from US

Bangladesh sought better prices for its exports, especially garments, ...

Interviews View All

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search