KappAhl first quarter 2015/2016: A strong quarter


“The first quarter was a strong quarter for KappAhl. We deliver a sound gross
margin, still have good cost control and are continuing with our priority
investments. What contributes to our sound margins is a combination of a
successful new offer strategy and a price strategy that compensates for higher
purchase prices. In all, KappAhl delivers an operating margin that approaches
the long-term target of ten per cent.”

  · Gross margin and operating profit exceed the previous year.
  · Continued strengthened balance sheet.
  · For the first time all three of the Group’s concepts have opened in the same
market place; Mall of Scandinavia.
  · Shop Online has been launched in Poland.
  · Danny Feltmann is the new President and Chief Executive Officer from 1
December.

                                 First quarter (Sept-Nov)
                                 2015/2016  2014/2015  Change

Net sales, SEK million               1 165      1 174      -9
Operating profit/loss,                 117         95      22
SEK million
Gross margin, %                       65.6       63.3     2.3
Operating margin, %                   10.0        8.1     1.9
Profit after tax, SEK                   83         61    22.0
million
Earnings per share                    1.08       0.81    0.27
after dilution, SEK
(Note 1)
Cash flow from                          89         68     21
operating activities,
SEK million

Read the full report in the enclosed file.

The information in this interim report is disclosed by KappAhl AB (publ)
pursuant to the Securities Market Act and/or the Financial Instruments Trading
Act. The information was released for public disclosure on 20 January 2016 at
07.30 a.m
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,
charlotte.hogberg@kappahl.com
KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the
Nordic region with close to 380 stores in Sweden, Norway, Finland and Poland.
Our business idea is to offer value-for-money fashion of our own design to the
many people. Sustainability-labeled fashion accounts for roughly one quarter of
the range. Sales for 2014/2015 totaled SEK 4.6 billion and the company has
approx. 4,000 employees in eight countries. KappAhl is quoted on Nasdaq
Stockholm. More information is available at www.kappahl.com

Attachments

01198968.pdf