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KappAhl AB (publ) (KAHL.ST)

KAHL.ST on Stockholm Stock Exchange

19.85SEK
22 Aug 2019
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Latest Key Developments (Source: Significant Developments)

KappAhl Appoints Independent Bid Committee
Monday, 29 Jul 2019 

July 29 (Reuters) - KappAhl AB (publ) ::FOLLOWING THE PUBLIC OFFER ANNOUNCED, KAPPAHL AB (PUBL.) APPOINTS AN INDEPENDENT BID COMMITTEE.COMMITTEE WILL ANNOUNCE ITS OPINION REGARDING OFFER NO LATER THAN TWO WEEKS BEFORE EXPIRY OF ACCEPTANCE PERIOD FOR OFFER.BOARD MEMBERS ANDERS BÜLOW AND THOMAS GUSTAFSSON HAVE NOT AND WILL NOT PARTICIPATE IN EVALUATION OF OR DECISION ON OFFER.  Full Article

KappAhl Q3 Operating Profit Slumps To SEK 6 Mln
Wednesday, 26 Jun 2019 

June 26 (Reuters) - KappAhl AB (publ) ::KAPPAHL Q3 2017/2018: WEAK WOMEN'S WEAR OFFER UNDERMINED THE QUARTER.Q3 WAS CHALLENGING FOR KAPPAHL WITH A VERY WEAK CLOSE IN NORDIC MARKETS.Q3 NET SALES SEK 1.20 BILLION VERSUS SEK 1.24 BILLION YEAR AGO.E-COMMERCE ACCOUNTED FOR 6.2 (5.6) PER CENT OF TOTAL SALES DURING QUARTER - CEO.Q3 OPERATING PROFIT SEK 6 MILLION VERSUS SEK 121 MILLION YEAR AGO.Q3 GROSS MARGIN 60.8% VERSUS 64.5% YEAR AGO.INVENTORY LEVELS ARE HIGHER THAN PLANNED BUT MAINLY CONSIST OF SUMMER GOODS THAT ARE STILL IN SEASON - CEO.IN TERMS OF SALES, THE THIRD QUARTER WAS A DISAPPOINTMENT, APART FROM POLAND THAT CONTINUED THEIR POSITIVE SALES DEVELOPMENT - CEO.WE SEE THAT THE EARNINGS IMPROVEMENT PROGRAMME WILL BE MORE EXTENSIVE THAN THE SEK 100 MILLION PREVIOUSLY DECIDED - CEO.A CONTINUED MAJOR FOCUS WILL BE ON ADAPTING OUR STORE RENTS AND STORE SPACE TO TODAY'S VISITOR LEVELS - CEO.  Full Article

KappAhl Q2 Operating Profit Falls To SEK 2 Million
Wednesday, 20 Mar 2019 

March 20 (Reuters) - KappAhl AB (publ) ::KAPPAHL HALF YEAR REPORT 18/19: SOUND SALES GROWTH AND PERFORMANCE ON A LEVEL WITH LAST YEAR.Q2 NET SALES SEK 1.19 BILLION VERSUS SEK 1.12 BILLION YEAR AGO.Q2 GROSS MARGIN FOR QUARTER WAS 57.5 (58.8) PER CENT.Q2 OPERATING PROFIT SEK 2 MILLION VERSUS SEK 5 MILLION YEAR AGO.KAPPAHL - CEO: "SALES FOR QUARTER WERE MARKED BY MORE BALANCED OFFER IN WHICH BOTH CHRISTMAS TRADE AND SUBSEQUENT CLEARANCE SALES HAD GOOD STRUCTURE".CEO: "NEWBIE CONTINUES TO BE STRONG".KAPPAHL - WORK ON CLOSING STORES THAT DO NOT CONTRIBUTE TO PROFITABILITY IS INTENSIFYING, CLOSING AROUND 20 STORES IN THE COMING YEAR.KAPPAHL - REVIEW OF STAFFING AND STRUCTURE OF ADMINISTRATIVE ORGANISATION WILL ENTAIL STAFF REDUCTIONS OF ABOUT 50 POSITIONS DURING THE YEAR.KAPPAHL - STAFF REDUCTIONS TO AFFECT 40 POSITIONS AT HEAD OFFICE AND DISTRIBUTION CENTRE IN MÖLNDAL.  Full Article

Kappahl Q1 Operating Profit Falls To SEK 52 Million
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - KappAhl AB (publ) ::KAPPAHL Q1 2018/2019: A QUARTER WITH INTENSIVE CAMPAIGNS AND EXPANSION.SALES INCREASED BY 2.4 PER CENT IN QUARTER..Q1 GROSS MARGIN WAS 63.3 (64.6) PER CENT..Q1 NET SALES SEK 1.19 BILLION VERSUS SEK 1.17 BILLION YEAR AGO.Q1 OPERATING PROFIT SEK 52 MILLION VERSUS SEK 90 MILLION YEAR AGO.SLOWING CONSUMPTION MEANT A CONTINUED HIGH TEMPO OF COSTLY SALES ACTIVITIES.SAYS CO PERFORMED BETTER THAN THE INDUSTRY IN ALL SALES MARKETS.CONVERSION OF CO'S ECOMMERCE HAS CONTINUED TO GROW.IN Q1 ECOMMERCE UP BY 39 PERCENT AND CONSTITUTED ALMOST SEVEN PER CENT OF KAPPAHL’S TOTAL SALES.ACTING CEO "INTENSIVE ESTABLISHMENT QUARTER BEHIND US, WITH FIVE NEW KAPPAHL STORES AND NINE CONVERTED STORES".  Full Article

KappAhl Appoints Peter Andersson Acting CEO
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - KappAhl AB (publ) ::PETER ANDERSSON HAS BEEN APPOINTED ACTING CEO OF KAPPAHL.PETER ANDERSSON HAS BEEN APPOINTED ACTING CEO OF KAPPAHL.GÖRAN BILLE, WHO HAS BEEN ACTING CEO OF KAPPAHL SINCE 15 OF JUNE 2018, HAS DECLINED TO EXTEND HIS TEMPORARY APPOINTMENT.PETER ANDERSSON IS CHIEF FINANCIAL OFFICER AT KAPPAHL SINCE APRIL 2018.PETER ANDERSSON TO BE ACTING CEO UNTIL ELISABETH PEREGI ASSUMES CEO POSITION DURING SPRING 2019.  Full Article

KappAhl: Elisabeth Peregi Appointed New CEO
Monday, 26 Nov 2018 

Nov 26 (Reuters) - KappAhl AB (publ) ::ELISABETH PEREGI IS KAPPAHL'S NEW CEO.ELISABETH PEREGI HAS BEEN APPOINTED NEW PRESIDENT AND CEO AT KAPPAHL.PEREGI WILL TAKE UP HER NEW POSITION DURING SPRING OF 2019..PREVIOUSLY, PEREGI HELD POSITIONS AT LINDEX AS CFO, HEAD OF FRANCHISE OPERATIONS AND COUNTRY MANAGER NORWAY.  Full Article

Kappahl Q4 Operating Profit Falls To SEK 66 Million
Thursday, 11 Oct 2018 

Oct 11 (Reuters) - KappAhl AB (publ) ::KAPPAHL YEAR END REPORT 2017/2018: A CHALLENGING YEAR.SALES DECREASED BY 0.7 PER CENT IN QUARTER..GROSS MARGIN WAS 59.2 (60.7) PER CENT FOR QUARTER.OPERATING PROFIT WAS REDUCED TO SEK 66 (139) MILLION FOR QUARTER AND SEK 282 (448) MILLION FOR SEPTEMBER-AUGUST.PROPOSES DIVIDEND OF SEK 2.00 PER SHARE.IN PERIOD SEPTEMBER 2017 -AUGUST 2018 SALES DECREASED BY 3.2 PER CENT..Q4 NET SALES SEK 1.24 BILLION VERSUS SEK 1.25 BILLION YEAR AGO.  Full Article

Kappahl Q3 Operating Profit at SEK 121 MLN
Wednesday, 27 Jun 2018 

June 27 (Reuters) - KappAhl AB (publ) ::KAPPAHL Q3 2017/2018: STRONG SALES IN MAY RESULTED IN A GOOD QUARTER.GROSS MARGIN FOR Q3 WAS 64.5 (63.7) PER CENT.OPERATING PROFIT WAS SEK 121 (119) MILLION FOR Q3.IN THE THIRD QUARTER OF 2017/2018 KAPPAHL'S SALES INCREASED BY 2.1 PER CENT TO SEK 1,242 (1,217) MILLION."THE PROGRESS IN THE THIRD QUARTER SHOWS US THAT KAPPAHL IS BACK ON TRACK".  Full Article

KappAhl Q1 Operating Profit at SEK ‍90​ Million, Below Expectations
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Kappahl ::FIRST QUARTER 2017/2018: LOWER SALES AS COMPETITION TOUGHENS.Q1 NET SALES SEK ‍1.17 BILLION VERSUS SEK 1.26 BILLION YEAR AGO.Q1 OPERATING PROFIT SEK ‍90​ MILLION VERSUS SEK 144 MILLION YEAR AGO.REUTERS POLL: KAPPAHL Q1 OPERATING PROFIT WAS SEEN AT SEK 101 MILLION, NET SALES AT SEK 1.18 BILLION.  Full Article

KappAhl appoints Tommy Svensson as acting CFO
Friday, 17 Nov 2017 

Nov 17 (Reuters) - KAPPAHL AB (PUBL) ::ACTING CFO TO KAPPAHL.TOMMY SVENSSON HAS BEEN APPOINTED ACTING CFO OF KAPPAHL GROUP EFFECTIVE FROM 1 DECEMBER TO APRIL 2018​.  Full Article

Deals of the day-Mergers and acquisitions

July 30 The following bids, mergers, acquisitions and disposals were reported by 2025 GMT on Monday: