KappAhl reported group and parent earnings results for the first quarter ended November 30, 2013. For the quarter, on group basis, net sales were SEK 1,243 million versus SEK 1,245 million for the same period a year ago. Operating profit was SEK 99 million against SEK 181 million for the same period a year ago. Profit after financial items was SEK 87 million against SEK 138 million for the same period a year ago. Net profit attributable to parent company shareholders was SEK 62 million or SEK 0.83 per share against SEK 115 million or SEK 2.35 per share for the same period a year ago. Cash flow from operating activities was SEK 125 million against SEK 75 million for the same period a year ago.

For the quarter, on parent basis, net sales were SEK 4 million. Operating loss was SEK 2 million against profit of SEK 88 million for the same period a year ago. Loss after financial items was SEK 14 million against profit of SEK 46 million for the same period a year ago. Net loss was SEK 14 million against profit of SEK 59 million for the same period a year ago.