Kap­pAhl rolls out Q3 fi­nan­cial re­port

Apparel Online - - Retail Current -

Swe­den-based Kap­pAhl, one of the lead­ing Nordic fash­ion chains with nearly 380 stores in Europe, has rolled out its fi­nan­cial re­port for the March-May 2016 quar­ter, an­nounc­ing yet an­other com­mend­able pe­riod for the com­pany.

Dur­ing the pe­riod, sales of the fash­ion re­tailer in­creased by 1.8% to SEK 1,217 mil­lion as against SEK 1,195 mil­lion in the cor­re­spond­ing quar­ter last year and the oper­at­ing profit was SEK 119 mil­lion up by 15.53% when com­pared to the same quar­ter of FY 2015-16. On the other hand, to­tal sales zoomed 5.5% in the 9 months of the cur­rent fi­nan­cial year and over the rolling 12 months have con­trib­uted to sales growth of 6.3% with an oper­at­ing mar­gin of 8.3%.

Mean­while, the gross mar­gin of the com­pany was 63.7% as against 64.9% Y-o-Y and was neg­a­tively im­pacted by a higher per­cent­age of clear­ance sales, changes in the range mix and a con­tin­ued weak krona com­pared to the pre­vi­ous year.

Danny Felt­mann, Pres­i­dent & CEO, Kap­pAhl, com­mented, “The quar­ter started cau­tiously but picked up to­wards the end. An ag­gres­sive mar­ket con­trib­uted to a higher per­cent­age of dis­counted sales, which had a neg­a­tive im­pact on the mar­gin. De­spite this, de­ter­mined work on our new range strat­egy and pric­ing, and cam­paign strat­egy has led to yet an­other good quar­ter.”

In Q3. the gross mar­gin of Kap­pAhl was 63.7% as against 64.9% Y-o-Y and was neg­a­tively im­pacted.

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