KappAhl Q1: A strong quarter in a challenging autumn

+----------------------------------+---------+-----------+------+
|                                  |First quarter (Sep-Nov)     |
+----------------------------------+---------+-----------+------+
|                                  |2013/2014|2012/2013  |Change|
+----------------------------------+---------+-----------+------+
|Net sales, SEK million            |1 243    |1 245      |-2    |
+----------------------------------+---------+-----------+------+
|Operating profit excluding capital|99       |104        |-5    |
|gain on real property, SEK million|         |           |      |
+----------------------------------+---------+-----------+------+
|Operating profit, SEK million     |99       |181        |-82   |
+----------------------------------+---------+-----------+------+
|Gross margin, %                   |63,3     |63,3       |0,0   |
+----------------------------------+---------+-----------+------+
|Operating margin excluding capital|8,0      |8,3        |-0,3  |
|gain, %                           |         |           |      |
+----------------------------------+---------+-----------+------+
|Profit after tax, SEK million     |62       |115        |-53   |
+----------------------------------+---------+-----------+------+
|Earnings per share, SEK (Note 1)  |0,83     |2,35       |-1,52 |
+----------------------------------+---------+-----------+------+
|Cash flow from operating          |125      |75         |50    |
|activities, SEK million           |         |           |      |
+----------------------------------+---------+-----------+------+

  · Sales for the quarter in line with last year despite a warm autumn and six
fewer stores.
  · Growth over the rolling four quarters was 2.3 (-3.9)%.
  · Cost saving measures according to plan.
  · Strongly improved cash flow and lower net debt.
  · Improved inventories as regards both contents and volume.

 ”…Now we have the results of the first quarter we can see that KappAhl is
delivering figures on a level with the previous year …”

Johan Åberg, President and CEO. Read the full CEO statement on the next page.

There will be a telephone conference and webcast for analysts, media and
investors today at 09.00. To participate in the conference call +46 8 519 990 30
about 5 minutes before the start. The telephone conference can also be followed
via a webcast at www.kappahl.com/presentations, where the webcast will be saved
for later viewing.
För ytterligare information kontakta
Johan Åberg, President and CEO, phone +46 706-09 99 73, johan.aberg@kappahl.com
Anders Düring, VP and CFO, phone +46 708-88 77 33, anders.during@kappahl.com

Company information and photos
Charlotte Högberg, Head Public Relations, phone +46 704-71 56 31,
charlotte.hogberg@kappahl.com
About KappAhl
KappAhl, founded in 1953, is one of the Nordic region’s leading fashion
retailers with close to 400 stores in Sweden, Norway, Finland and Poland, and
Shop Online. KappAhl offers value-for-money fashion of its own design to the
many people – men, women and children, with a special focus on women in the
prime of life. KappAhl was the world’s first fashion retailer to gain
environmental certification in 1999. In 2012/2013, sales were SEK 4.8 billion
and the number of employees approximately 4,500. KappAhl is quoted on Nasdaq OMX
Stockholm. For more information, go to www.kappahl.com.