• Q4 profit jumps to SEK32m versus SEK7m
  • Sales climb 3.2% to SEK1.18bn
  • Comparable stores up 2.9%
KappAhl said it has delivered "a good year"

KappAhl said it has delivered "a good year"

Swedish fashion chain KappAhl has reported an increase in earnings and sales in its fourth-quarter, in addition to stronger gross margins.

In the three months to the end of August, earnings amounted to SEK32m (US$4.5m). This compared to a net profit of SEK7m a year earlier.

Net sales climbed 3.2% to SEK1.18bn, while sales in comparable stores increased during the quarter by 2.9%.

Johan Åberg, president and CEO, said: "KappAhl has delivered a good year... With a more stable and effective organisation our gross margin is stronger, our cost level is lower and the equity/assets ratio has improved."