Year-end report, September 1, 2009 - August 31, 2010
(Thomson Reuters ONE) -
Fourth quarter, June 1, 2010 - August 31, 2010
§ Net sales totaled SEK 759 M (813), down 6.7 percent. The negative impact
from the divested operations at Steen & Ström department store is -4.0 percent
and currency effects +0.7 percent. Sales in comparable proprietary stores
decreased 0.8 percent.
§ The operating result has improved with SEK 57 M to SEK 6 M (-51) The
profit before tax amounted to SEK -12 M (-58).
§ Profit after tax amounted to SEK -9 M (-43), corresponding to a profit per
share of SEK -0.05 (-0.38).
§ Cash flow from operating activities amounted to SEK 48 M (5).
The interim-report period, September 1, 2009 - August 31, 2010
§ Net sales totaled SEK 3 054 M (3 207), down 4.8 percent. The negative
impact from the divested operations at Steen & Ström department store is -1.6
percent and currency effects is +0.1 percent. Sales in comparable proprietary
stores declined 1.0 percent.
§ The operating result improved with SEK 184 M to SEK 48 M (-636 including
goodwill write-down of SEK 500 M). The profit before tax amounted to SEK 22 M (-
689).
§ The profit after tax amounted to SEK 29 M (-663), corresponding to a
profit per share of SEK 0.18 (-6.12).
§ Cash flow from operating activities amounted to SEK 120 M (-104).
§ The operations at the Steen & Ström department store in Oslo is divested.
§ 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 8 410 520 20, +46 768 87 20 20, mikael.solberg(at)rnb.se
Gunnar Bergquist, CFO, RNB RETAIL AND BRANDS,
+46 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#1453725]
Year-end report, September 1, 2009 - August 31, 2010:
http://hugin.info/132993/R/1453725/394210.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: RNB Retail and Brands AB via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 21.10.2010 - 07:01 Uhr
Sprache: Deutsch
News-ID 45973
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contact information:
Town:
Stockholm
Kategorie:
Business News
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