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KappAhl profit beats consensus by 17.0% in fiscal Q1

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KappAhl profit beats consensus by 17.0% in fiscal Q1

KappAhl AB (publ) said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, came to 94 Swedish öre per share, compared with the S&P Capital IQ consensus estimate of 80 öre per share.

EPS increased 30.0% year over year from 72 öre.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 71.9 million kronor, a gain of 32.2% from 54.4 million kronor in the prior-year period.

The normalized profit margin rose to 6.2% from 4.6% in the year-earlier period.

Total revenue totaled 1.17 billion kronor, compared with 1.17 billion kronor in the year-earlier period, and total operating expenses fell year over year to 1.05 billion kronor from 1.08 billion kronor.

Reported net income grew 35.6% from the prior-year period to 83.0 million kronor, or 1.08 kronor per share, from 61.2 million kronor, or 81 öre per share.

As of Jan. 20, US$1 was equivalent to 8.58 Swedish kronor.