KappAhl has faster sales growth in Finland than in Sweden

Swedish fashion retail chain KappAhl enjoyed 6% growth in turnover on the Finnish market last year.

The Swedish fashion retail chain KappAhl has enjoyed better sales growth in Finland in recent years than in Sweden. The company’s turnover for its accounting year ending in August 2010 increased to EUR 65 million from EUR 61 million. Profits increased to EUR 2.2 million from EUR 0.6 million. Jari Lahtinen, KappAhl’s managing director in Finland, views the 6% growth as a good achievement. KappAhl currently has 56 stores in Finland, with new stores set to open in Kouvola and Helsinki.

KappAhl has a total of 360 stores and 4,800 employees in Sweden, Norway, Finland, Poland and the Czech Republic. In the 2009/2010 financial year KappAhl's net sales were about SEK 5.1 billion and operating profit SEK 551 million. KappAhl is listed on Nasdaq OMX Stockholm.

Source: Kauppalehti