Interim Report September 1, 2009 - May 31, 2010
(Thomson Reuters ONE) -
Third quarter, March 1, 2010 - May 31, 2010
§ Net sales totaled SEK 731 M (696), up 5.0%, currency effects +2.8%. Sales
in comparable proprietary stores increased 5.6%.
§ The operating result has improved with SEK 42 M to SEK 6 M (-36) The
profit before tax amounted to SEK 4 M (-55).
§ Profit after tax amounted to SEK 16 M (-64), corresponding to a profit per
share of SEK 0.10 (-0.56).
§ Cash flow from operating activities amounted to SEK -12 M (18).
§ The operations at the Steen & Ström department store in Oslo have been
divested.
The interim-report period, September 1, 2009 - May 31, 2010
§ Net sales totaled SEK 2 296 M (2 394), down 4.1%, currency effects
-0,1%. Sales in comparable proprietary stores declined 0.9%.
§ The operating result improved with SEK 127 M to SEK 43 M (-585 including
goodwill write-down of SEK 500 M). The profit before tax amounted to SEK 34 M
(-631).
§ The profit after tax amounted to SEK 38 M (-620), corresponding to a
profit per share of SEK 0.24 (-5.43).
§ Cash flow from operating activities amounted to SEK 72 M (-109).
§ RNB has entered into an agreement concerning the divestment of its
operations at the Steen & Ström department store in Oslo.
§ RNB implemented a private placement to Konsumentföreningen Stockholm and
a rights issue to existing shareholders that provided the company with about SEK
315 M before issue costs.
§ The Board of Directors of RNB RETAIL AND BRANDS has decided to retain and
continue to operate its departments at NK in Stockholm and NK in Gothenburg.
§ Through new credit agreements, the company has secured its long-term loan
financing.
For further information, contact:
Mikael Solberg, CEO, RNB RETAIL AND BRANDS
+46 (0) 8-410 520 20, +46 768 87 20 20,
e-mail:mikael.solberg(at)rnb.se
Gunnar Bergquist, CFO, RNB RETAIL AND BRANDS
+46 (0) 8-410 520 01,+46 768 87 20 01,
e-mail:gunnar.bergquist(at)rnb.se
RNB RETAIL AND BRANDS owns, operates and develops fashion, clothing,
accessories, jewelry and cosmetics stores that focus on providing excellent
service and a world-class shopping experience. Sales are mainly conducted in
Scandinavia through the three store concepts Brothers & Sisters, JC and Polarn
O. Pyret, as well as through shops in the department stores NK in Stockholm and
Gothenburg and Illum in Copenhagen. RNB RETAIL AND BRANDS has operation in 11
countries. RNB RETAIL AND BRANDS has been listed on the OMX Nordic Exchange
since 2001
[HUG#1426294]
Interim Report September 1, 2009 - May 31, 2010: http://hugin.info/132993/R/1426294/374246.pdf
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Source: RNB Retail and Brands AB via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 23.06.2010 - 07:01 Uhr
Sprache: Deutsch
News-ID 22864
Anzahl Zeichen: 0
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Interim Report September 1, 2009 - May 31, 2010"
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