Interim report September 1, 2010 - February 28, 2011
(Thomson Reuters ONE) -
Second quarter, December 1, 2010 - February 28, 2011
· Net sales totaled SEK 772 M (822), down 6.0 percent. The negative
impact from the divested operations at Steen & Ström department store is -4.6
percent. Sales in comparable proprietary stores was unchanged from previous
year.
· The operating result has improved with SEK 8 M to SEK 11 M (3).
· The profit before tax amounted to SEK -7 M (-4). Unrealized results on
currency futures affected the quarter negatively with SEK 10 M (-1).
· Profit after tax amounted to SEK -10 M (-3), corresponding to a profit
per share of SEK -0.06 (-0.02).
· Cash flow from operating activities amounted to SEK 15 M (99).
Half-Year Report, September 1, 2010 - February 28, 2011
· Net sales totaled SEK 1 560 M (1 565), down 0.4 percent. The negative
impact from the divested operations at Steen & Ström department store is -4.0
percent. Sales in comparable proprietary stores increased 3.1 percent.
· The operating result improved with SEK 22 M to SEK 58 M (36).
· The profit before tax amounted to SEK 33 M (30). Unrealized results on
currency futures affected the quarter negatively with SEK 8 M (+6)
· The profit after tax amounted to SEK 24 M (22), corresponding to a
profit per share of SEK 0.15 (-0.14).
· Cash flow from operating activities amounted to SEK -19 M (84).
Events after the end of the period
· The latest AGM gave the Election committee a mandate to ensure that a
suitable replacement for the outgoing chairman of the board is in place when he
leaves office. The Election Committee has decided that the Board shall appoint
one of the existing members of the Board as new chairman until the next AGM. The
Board of RNB RETAIL AND BRANDS has decided to appoint Laszlo Kriss new Chairman
of the company, which will take place on May 1 when the current chairman Magnus
Håkansson assumes the position as President and CEO of the company.
· The contract for the remaining operations at Illum in Copenhagen, the
Cosmetics department, have been terminated by the company. The operations will
be discontinued January 15, 2012.
For further information, please contact:
Mikael Solberg, President and Chief Executive Officer, RNB, +46 (0)
8-410 520 20, 0768-87 20 20, e-mail: mikael.solberg(at)rnb.se
Gunnar Bergquist, Chief Financial Officer, RNB, +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.
Interim Report September 1, 2010 - Febrary 28, 2011:
http://hugin.info/132993/R/1503680/438584.pdf
This announcement is distributed by Thomson Reuters on behalf of
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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
[HUG#1503680]
Unternehmensinformation / Kurzprofil:
Datum: 06.04.2011 - 07:01 Uhr
Sprache: Deutsch
News-ID 53194
Anzahl Zeichen: 4056
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Interim report September 1, 2010 - February 28, 2011"
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