Swedish KappAhl reports good profitability and strong financial position
Swedish fashion chain KappAhl reports good profitability and strong financial position for the fiscal first half of 2016
• The Group’s sales increased during the quarter by 1.0 per % in local currencies. Restated in SEK, sales decreased by 1.5 %.
• The gross margin was positively affected by continued changes in pricing/campaign strategy.
• Overhead expenses are 3.6 % lower than the previous year.
• The operating profit improved to SEK 31 (9) million.