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KappAhl: KappAhl Q1 report 2016/2017: A good start to the new year

"The Scandinavian market has contributed increased sales in local

Read the CEO statement in the enclosed report.
· In the quarter sales increased by 8.3 per cent to SEK 1,261
(1,165) million. Sales in comparable stores increased by 4.8 per

· During the quarter, fifteen KappAhl stores and another three
Newbie Stores opened.

· Since the launch of the new smart phone app for customer club
members in Sweden and Finland so far it has been downloaded half a
million times.

· The operating margin for the quarter was 11.4 (10.0) per cent.
First Quarter (Sep-Nov)
2016/2017 2015/2016 Change

Net sales, SEK million 1 261 1 165 96
Operating profit/loss, SEK million 144 117 27
Gross margin, % 65,3 65,6 -0,3
Operating margin, % 11,4 10,0 1,4
Profit after tax, SEK million 107 83 24
Earnings per share, SEK 1,39 1,08 0,31
Cash flow from operating activities, SEK million 162 89 73

For further information
Danny Feltmann, President & CEO. Tel 46 31 771 5661.
Anders Düring, Chief Financial Officer. Tel 46 708 887 733.

For photos and company information
Charlotte Högberg, Head Corporate Communications, Tel 46 704 71 56 31,

KappAhl, founded in 1953 in Gothenburg, is one of the leading Nordic
fashion chains with nearly 380 stores in Sweden, Norway, Finland and
Poland as well as Shop Online. Our mission is to offer
value-for-money fashion of our own design with wide appeal. About 38
per cent of the range has sustainable fashion labelling. In 2015/2016
sales were SEK 4.7 billion and the number of employees was about
4,000 in nine countries. KappAhl has been listed on Nasdaq Stockholm
since 2006. More information is available at


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