KappAhl First Quarter 2015/2016: A Strong Quarter

Regulatory News:

"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.

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

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

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