Swedish KappAhl reports good profitability and strong financial position

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.

KappAhl

www.kappahl.com


Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.