Weak salesQ1 September 2010 – November 2010
Agenda                           • Q1 2010/2011Christian W. Jansson CEO                           • Market situation      ...
Highlights Q1• Like-for-like sales not up to our  expectations• Good sales increase from new stores• 15 stores opened• Lau...
KappAhl Q1: Campaigns during periodSentimental Journey                                      44
Stores November 2010• 360 stores                                             157                        58• 15 stores open...
Financial highlights, Q1September - November 2010• Net sales MSEK 1 341 (1 344), -0,2%• Operating profit MSEK 146 (207), -...
Income statement, Q1September - November 2010 MSEK                       2010/11   2009/10 Net Sales                    1 ...
Sales, Q1September - November 2010                            MSEK     %Net sales Q1 2009/10        1 344New stores net   ...
Sales breakdown, Q1 September - November 2010                                     Change     LocalMSEK             Q1 10/1...
Present market situation• Strong financial development in our  markets   – Industry is the driver   – Retail sales develop...
Sales growth               11
Gross margin               12
Operating marginexcl. one-offs                   13
Return on capital/employed                             14
Key conclusion• Business concept – proven long term  stability• Like-for-like – key focus going forward• Strong gross marg...
In store now               16
DisclaimerThese materials may not be copied, published, distributed ortransmitted to third parties.These materials may con...
Upcoming SlideShare
Loading in …5
×

2010 12-22 Q1 2010/2011 Results

362 views

Published on

Published in: Investor Relations
  • Be the first to comment

  • Be the first to like this

2010 12-22 Q1 2010/2011 Results

  1. 1. Weak salesQ1 September 2010 – November 2010
  2. 2. Agenda • Q1 2010/2011Christian W. Jansson CEO • Market situation • Conclusions • QuestionsHåkan Westin, CFO 2
  3. 3. Highlights Q1• Like-for-like sales not up to our expectations• Good sales increase from new stores• 15 stores opened• Launch of Hampton Republic 27 3
  4. 4. KappAhl Q1: Campaigns during periodSentimental Journey 44
  5. 5. Stores November 2010• 360 stores 157 58• 15 stores opened in Q1• Significant contribution 99 from new stores in Oslo Helsinki sales and profit Stockholm• 44 new stores under contract• Total of 27 stores this year Warsaw 43 Prague 3 5
  6. 6. Financial highlights, Q1September - November 2010• Net sales MSEK 1 341 (1 344), -0,2%• Operating profit MSEK 146 (207), -29%• Gross margin 63,4 (65,0)%• Operating margin 10,9 (15,4)%• Net profit MSEK 95 (178), equivalent to SEK 1.27 (2.37) per share. Last year included deferred taxes of MSEK 39.• Cash flow from continuing operations MSEK 60 (133) 6
  7. 7. Income statement, Q1September - November 2010 MSEK 2010/11 2009/10 Net Sales 1 341 1 344 Cost of goods sold -491 -470 Gross profit 850 874 Selling expenses -669 -630 Administrative expenses -35 -37 Operating profit 146 207 Financial income 0 0 Financial expense -17 -18 Profit before tax 129 189 Tax expense -34 -11 Net profit 95 178 7
  8. 8. Sales, Q1September - November 2010 MSEK %Net sales Q1 2009/10 1 344New stores net 5,8Like For Like -3,1Currency effect -2,9Net sales Q1 2010/11 1 341 -0,2 8
  9. 9. Sales breakdown, Q1 September - November 2010 Change LocalMSEK Q1 10/11 Q1 09/10 in SEK currencySweden 726 717 1,3% 1,3%Norway 358 376 -4,8% 0,2%Finland 152 166 -8,4% 1,6%Poland 101 84 20,2% 25,5%Czech Republic 4 1 300,0% 173,0%Total 1 341 1 344 -0,2% - 9
  10. 10. Present market situation• Strong financial development in our markets – Industry is the driver – Retail sales develop slower – Fashion sales weaker than expected• Increasing sourcing costs remains a concern• Private consumption expected to grow 10
  11. 11. Sales growth 11
  12. 12. Gross margin 12
  13. 13. Operating marginexcl. one-offs 13
  14. 14. Return on capital/employed 14
  15. 15. Key conclusion• Business concept – proven long term stability• Like-for-like – key focus going forward• Strong gross margin• Strong cash flow – Reduced tax payment going forward 15
  16. 16. In store now 16
  17. 17. DisclaimerThese materials may not be copied, published, distributed ortransmitted to third parties.These materials may contain forward-looking statements. If so,such statements are based on our current expectations and aresubject to risks and uncertainties that could negatively affect ourbusiness. Please read our earnings report and our most recentannual report for a better understanding of these risks anduncertainties.These materials do not constitute or form part of any offer orinvitation to sell or issue, or any solicitation of any offer to purchaseor subscribe for, any securities, nor shall part, or all, of thesematerials or their distribution form the basis of, or be relied on inconnection with, any contract or investment decision in relation toany securities. These materials and the information containedherein are not an offer of securities for sale in the United Statesand are not for publication or distribution to persons in the UnitedStates. 17

×