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Welcome!  Presentation ofKappAhl’s Q4 report June – Aug 2009                      1/23
Q4 Report•   Q4 2009•   Q1-Q4 2008/09        Christian W. Jansson•   Five years summary             CEO•   Market situatio...
Highlights – Q4         June to Aug 2009• Operational and financial    targets are achieved•   Increased market share•   S...
Two weeks end Aug 2009 – focusing denim leggings,                                     40 000 sold                         ...
Stores Aug 2009                                               144        53•   319 stores•   2 new stores during Q4       ...
Financial    highlights – Q4           June to Aug 2009•   Net sales MSEK 1 226 (1 103), an    increase of 11.2 percent•  ...
Income                statement – Q4                      June to Aug 2009MSEK                         2008/09 2007/08Net ...
Cash flow – Q4                        June to Aug 2009MSEK                                 2008/09 2007/08Cash flow from c...
Sales – Q4           June to Aug 2009                         MSEK       %Net sales Q4 2007/08      1 103New stores net   ...
Profitability         drivers – Q4               June to Aug 2009excl. one-offs                    2008/09Sales           ...
Financial    highlights – Q1-Q4     September 2008 to August 2009•    Net sales 4 866 (4 622) MSEK, an     increase of 5.3...
Income        statement – Q1-Q4           September 2008 to August 2009MSEK                      2008/09   2007/08Net sale...
Cash flow– Q1-Q4               September 2008 to August 2009MSEK                                 2008/09 2007/08Cash flow ...
Sales – Q1-Q4     September 2008 to August 2009                         MSEK         %Net sales 2007/08        4 622New ne...
Profitability     drivers – Q1-Q4     September 2008 to August 2009excl. one-offs                2008/09Sales             ...
Present    market situation•   The consumers slightly more    positive•   Growing unemployment•   A strong concept helps u...
Five years summary – Sales growth8,0%7,0%6,0%5,0%4,0%3,0%2,0%1,0%0,0%       04/05   05/06   06/07   07/08   08/09         ...
Five years summary – Gross margin64,0%62,0%60,0%58,0%56,0%54,0%52,0%50,0%        04/05   05/06   06/07   07/08   08/09    ...
Five years summary – Operating margin                        excl. one-offs16,0%14,0%12,0%10,0%8,0%6,0%4,0%2,0%0,0%       ...
Five years summary –        Return on capital/employed30,0%25,0%20,0%15,0%10,0%5,0%0,0%        04/05   05/06   06/07   07/...
Key conclusion• Business concept –    proven long term stability•   Increased market share•   Strong gross margin•   Expan...
Disclaimer• These materials may not be copied, published, distributed or  transmitted to third parties.• These materials m...
Questions?             23/23
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2009 09-30 Q4 & Full Year 2008/2009 Results

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Transcript of "2009 09-30 Q4 & Full Year 2008/2009 Results"

  1. 1. Welcome! Presentation ofKappAhl’s Q4 report June – Aug 2009 1/23
  2. 2. Q4 Report• Q4 2009• Q1-Q4 2008/09 Christian W. Jansson• Five years summary CEO• Market situation• Key conclusion• Questions? Håkan Westin CFO 2/23
  3. 3. Highlights – Q4 June to Aug 2009• Operational and financial targets are achieved• Increased market share• Strong gross margin 3/23
  4. 4. Two weeks end Aug 2009 – focusing denim leggings, 40 000 sold 4/23
  5. 5. Stores Aug 2009 144 53• 319 stores• 2 new stores during Q4 92• 28 new stores net for the full year• Significant contribution from new stores in sales and profit• 50 new stores under contract – 18 to be opened during Q1 30 5/23
  6. 6. Financial highlights – Q4 June to Aug 2009• Net sales MSEK 1 226 (1 103), an increase of 11.2 percent• Operating profit MSEK 176 (182), excl. one-offs an increase of 17 percent• Gross margin 61.4 (61.9) percent and operating margin 14.4 (13.6 excl. one- offs) percent• Net profit MSEK 106 (113), equivalent to SEK 1.41 (1.51) per share• Cash flow from continuing operations MSEK 100 (130) 6/23
  7. 7. Income statement – Q4 June to Aug 2009MSEK 2008/09 2007/08Net sales 1226 1103Cost of goods sold -473 -420Gross profit 753 683Selling expenses -549 -480Administrative expenses -28 -32Other operating income 0 11Operating profit 176 182Financial income 0 0Financial expense -23 -26Profit before tax 153 156Tax expense -47 -43Net profit 106 113 7/23
  8. 8. Cash flow – Q4 June to Aug 2009MSEK 2008/09 2007/08Cash flow from continuing operations 195 165before changes in working capitalChanges in working capital -95 -35Cash flow from continuing operations 100 130Cash flow from investment activities -53 -48Cash flow after investments 47 82Change bank overdraft facility -40 -82Dividend / Redemption of shares 0 0Cash flow for the period 7 0 8/23
  9. 9. Sales – Q4 June to Aug 2009 MSEK %Net sales Q4 2007/08 1 103New stores net +7.2Like For Like +2.4Currency effect +1.6Net sales Q4 2008/09 1 226 +11.2 9/23
  10. 10. Profitability drivers – Q4 June to Aug 2009excl. one-offs 2008/09Sales 111%Gross profit 110%Costs 108%Operating income 117% 10/23
  11. 11. Financial highlights – Q1-Q4 September 2008 to August 2009• Net sales 4 866 (4 622) MSEK, an increase of 5.3 percent• Operating profit 526 (651) MSEK, excl. one-offs a decrease of 15 percent• Gross margin 61.1 (62.4) percent and operating margin 10.8 (14.1) percent.• Net profit 315 (436) MSEK, equivalent to SEK 4.20 (5.81) per share.• Cash flow from continuing operations MSEK 504 (730). 11/23
  12. 12. Income statement – Q1-Q4 September 2008 to August 2009MSEK 2008/09 2007/08Net sales 4 866 4 622Cost of goods sold -1 893 -1 740Gross profit 2 973 2 882Selling expenses -2 315 -2 106Administrative expenses -132 -136Other operating income 0 11Operating profit 526 651Financial income 1 27Financial expense -84 -80Profit before tax 443 598Tax expense -128 -162Net profit 315 436 12/23
  13. 13. Cash flow– Q1-Q4 September 2008 to August 2009MSEK 2008/09 2007/08Cash flow from continuing operations 591 687before changes in working capitalChanges in working capital -87 43Cash flow from continuing operations 504 730Cash flow from investment activities -261 -692Cash flow after investments 243 38Change bank overdraft facility 84 759Dividend / Redemption of shares -338 -825Cash flow for the period -11 -28 13/23
  14. 14. Sales – Q1-Q4 September 2008 to August 2009 MSEK %Net sales 2007/08 4 622New net stores +5.8Like For Like -2.3Currency effect +1.8Net sales 2008/09 4 866 +5.3 14/23
  15. 15. Profitability drivers – Q1-Q4 September 2008 to August 2009excl. one-offs 2008/09Sales 105%Gross profit 103%Costs 110%Operating income 85% 15/23
  16. 16. Present market situation• The consumers slightly more positive• Growing unemployment• A strong concept helps us in an unstable market 16/23
  17. 17. Five years summary – Sales growth8,0%7,0%6,0%5,0%4,0%3,0%2,0%1,0%0,0% 04/05 05/06 06/07 07/08 08/09 17/23
  18. 18. Five years summary – Gross margin64,0%62,0%60,0%58,0%56,0%54,0%52,0%50,0% 04/05 05/06 06/07 07/08 08/09 18/23
  19. 19. Five years summary – Operating margin excl. one-offs16,0%14,0%12,0%10,0%8,0%6,0%4,0%2,0%0,0% 04/05 05/06 06/07 07/08 08/09 19/23
  20. 20. Five years summary – Return on capital/employed30,0%25,0%20,0%15,0%10,0%5,0%0,0% 04/05 05/06 06/07 07/08 08/09 20/23
  21. 21. Key conclusion• Business concept – proven long term stability• Increased market share• Strong gross margin• Expansion plans continues 21/23
  22. 22. 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 our 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. 22/23
  23. 23. Questions? 23/23
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