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INCREASED SALES AND STRONG GROSS MARGIN WOMEN’S ASSORTMENT BACK AT GOOD SALES LEVEL
First quarter report 2012/13 (Sept-Nov)
Agenda
- Highlights
- Q1 2012/2013
- Going forward
- Questions
Johan Åberg President and CEO Håkan Westin CFO
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INCREASED SALES AND STRONG GROSS MARGIN WOMENS ASSORTMENT BACK AT - - PowerPoint PPT Presentation
INCREASED SALES AND STRONG GROSS MARGIN WOMENS ASSORTMENT BACK AT - - PowerPoint PPT Presentation
INCREASED SALES AND STRONG GROSS MARGIN WOMENS ASSORTMENT BACK AT GOOD SALES LEVEL First quarter report 2012/13 (Sept-Nov) Agenda Highlights Q1 2012/2013 Going forward Johan berg Questions President and CEO Hkan Westin
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Campaigns during period – Design by KappAhl
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Highlights
- Positive Like-for-like sales
- Gross margin improvement
- +490 basis points
- Growing operating profit
- Debt reduction
- Real estate divestment
- New rights issue
- Equity ratio 41 percent
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Stores by end November 2012
- Total 395 stores
- Ten new stores and three closed
during Q1
- Total 13 new stores and nine
closures 2012/2013
- 16 new stores under contract
65 167 104 54 5
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Financial highlights Q1
- Net sales MSEK 1 245 (1 193),
an increase of 4.4 percent
- Operating profit MSEK 104
(16), excl one-off items
- Gross margin 63.3 (58.4)
percent
- Operating margin 8.3 (1.3)
percent, excl one-off items
- One-off items MSEK 77
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Operating profit
(excl. One-off items)
7
141
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Sales Q1
MSEK % Net sales 2011/12 1 193 New stores net 2.6 Like for like 3.0 Currency effect
- 1.2
Net sales 2012/13 1 245 4.4
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Income statement Q1
MSEK 2012/13 2011/12 Net sales 1 245 1 193 Cost of goods sold
- 457
- 496
Gross profit 788 697 Selling expenses
- 650
- 648
Administrative expenses
- 34
- 33
One-off items 77
- Operating profit
181 16 Financial income Financial expense
- 43
- 26
Profit before tax 138
- 10
Tax expense
- 23
- 1
Net profit 115
- 11
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Net interest bearing debt
MSEK August 31, 2012 1 673 Sale of property 490 New Equity 383 New level of Net Debt 800 Target Net Debt/EBITDA <3.0
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MSEK 2012/13 2011/12 Cash flow from continuing operations before changes in working capital 79 30 Changes in working capital
- 4
- 35
Cash flow from continuing
- perations
75
- 5
Sale of real estate 487
- Cash flow from investment activities
- 53
- 50
Cash flow after investments 509
- 55
Change bank overdraft facility
- 515
47 New share issue
- 535
Cash flow for the period
- 6
527
Cash flow Q1
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Going forward
Action plan 2012/13
- Continue improving performance and regain
market share Assortment
- Launch of new collections:
– Active wear – Preppy for women – Toddler
- Future Friendly Fashion
– Increased eco cotton Store
- Continue develop store expression
Marketing
- Continue develop the marketing platform
- Shop Online
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Disclaimer
These materials may not be copied, published, distributed or transmitted to third parties. These materials may contain forward-looking
- statements. If so, such statements are based on
- ur current expectations and are subject to risks
and uncertainties that could negatively affect our
- business. Please read our earnings report and our
most recent annual report for a better understanding of these risks and uncertainties. These materials do not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities, nor shall part, or all, of these materials or their distribution form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities. These materials and the information contained herein are not an offer of securities for sale in the United States and are not for publication or distribution to persons in the United States.
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