Bli medlem
Bli medlem

Du är här

2016-12-21

RNB RETAIL AND BRANDS: Interim Report 1 September 2016 - 30 November 2016

Earnings increase by more than 50 percent

Operating income during the first quarter amounted to SEK 46 million,
an improvement of SEK 16 M in total, compared to the first quarter of
the previous year. The performance was strong with a strengthened
positive momentum. Sales developed better than the market, despite
the fact that the weather was challenging early in the quarter. The
reorientation work relating to Polarn O. Pyret is now delivering
positive results and Brothers is continuing to increase its sales and
earnings. The challenges in Departments & Stores are expected to
dampen from the second quarter.

First quarter September 1, 2016 - November 30, 2016 in summary

· Sales in comparable stores in Sweden decreased during the quarter
by 1.4 percent, which was a better development compared to the
market's decrease of 2.1 percent (Swedish Retail and Wholesale Trade
Research Institute (HUI).

· Net sales totaled SEK 584 M (556), an increase of 5.0 percent.
· Operating income increased to SEK 46 M (30).
· Operating income before amortization for the latest 12-month
period totaled SEK 105 M (103).

· Profit after tax amounted to SEK 58 M (30), which corresponds to
SEK 1.71 (0.90) per share.

· Cash flow from operating activities was SEK 38 M (16)
· Polarn O. Pyret's operations in the Netherlands were closed down
during the quarter.

This information is information that RNB RETAIL AND BRANDS AB is
obliged to make public pursuant to the EU Market Abuse Regulation and
the Securities Markets Act. The information was submitted for
publication, through the agency of the contact person set out below,
on 21 December 2016, at 07:30 a.m CET.

For further information, please contact:

Magnus Håkansson, CEO, RNB RETAIL AND BRANDS AB, 46 8 410 520 02, 46
768 87 20 02,

e-mail: magnus.hakansson@rnb.se
Kristian Lustin, CFO, RNB RETAIL AND BRANDS AB, 46 8 410 524 63, 46
768 87 24 63

e-mail: kristian.lustin@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 store concepts Brothers
and Polarn O. Pyret, as well as through shops in the department
stores NK in Stockholm and Gothenburg. RNB RETAIL AND BRANDS has
operations in 10 countries. RNB RETAIL AND BRANDS has been listed on
the Nasdaq Stockholm Exchange since 2001.

-----------------------------------------------------------
http://news.cision.com/rnb-retail-and-brands/r/interim-report-1-septembe...
http://mb.cision.com/Main/5860/2154474/606688.pdf

Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.