Half year report. KappAhl goes against the trend:Increased

                               Q2                    Half
                               (Dec                  year
                               -Feb)                 (Sep
                                                     -Feb)

                               2012/  2011/  Change  2012/  2011/  Change
                               2013   2012           2013   2012
Net sales, SEK million         1 148  1 119  29      2 393  2 312  81

Operating profit excluding     -35    -55    20      69     -39    108
non-recurring items, SEK
million
Operating profit, SEK million  -36    -138   102     145    -122   267
Gross profit margin, %         55,1   51,9   3,2     59,3   55,3   4,0
Operating margin excluding     -3,1   -4,9   1,8     2,9    -1,7   4,6
non-recurring items, %
Profit after tax, SEK million  -64    -163   99      51     -174   225
Earnings per share, SEK        -0.85  -7,14  6,29    0,82   -3,55  4,37

Cash flow from operating       -51    68     -119    24     63     -39
activities, SEK million

  · Net sales increased by 2.6 per cent for the quarter. Of this, the increase
in comparable stores was 0.3 per cent.
  · The gross margin improved by 3.2 percentage points.
  · The equity /assets ratio increased to 45.6 per cent.

“It is gratifying that KappAhl is reporting positive sales in comparable stores
and a substantially improved gross margin. I see this as a confirmation of
continued improvements of our assortment and customer offer…”
Johan Åberg, President and CEO. Read the full CEO statement in the attached
report.

A presentation and telephone conference will be held for analysts, media and
investors today at 9.30 at Operaterrassen in Stockholm. Please go to
www.kappahl.com/presentations to register attendance. At the website a webcast
will also be shown in real time and saved for later viewing. To participate by
telephone please call about 5 minutes before start +44 (0)207 7509950.
For further information:
Johan Åberg / President and CEO, tel. + 46 706 099 973
Håkan Westin / CFO, tel. + 46 704 715 664

For pictures and other information:
Charlotte Högberg / Head Public Relations, tel. +46 704 715 631,
charlotte.hogberg@kappahl.com
The information in this interim report is disclosed by KappAhl AB (publ)
pursuant to the Securities Market Act and/or the Financial Instruments Trading
Act. The information was submitted for publication on 12 April 2013 at 07.30 am.

KappAhl was established in 1953 and is a leading fashion chain soon with 400
stores and 4,500 employees in Sweden, Norway, Finland, Poland and the Czech
Republic. KappAhl sells value-for-money fashion with a wide appeal – to women,
men and children – and focuses in particular on women aged 30-50 with families.
All clothes are from our own designers. KappAhl was the first fashion chain to
achieve environmental certification in 1999. In the 2011/2012 financial year
KappAhl's net sales were SEK 4.6 billion. KappAhl is listed on NASDAQ OMX
Stockholm.  More information can be found at www.kappahl.com.
Half year report. KappAhl goes against the trend:Increased sales and gross margin on a weak market

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