Releases - Hemtex AB

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Erik Gumabon to leave Hemtex

5/3/2011 1:00 AM EST
The Board of Hemtex has reached an agreement with Erik Gumabon that he will leave is position as President of Hemtex. Peder Larsson, formerly President of ICA Sweden and recently appointed acting president of Cervera, has been appointed as acting president of Hemtex until a permanent president is recruited.

Under the leadership of Erik Gumabon, Hemtex has undergone major, and for the company, essential changes....

Operating loss amounted to SEK 163.3 M, whereof SEK 30.7 M comprised nonrecurrin...

8/17/2010 1:00 AM EST
Six months (January 2010 – June 2010)

· Net sales amounted to SEK 505.3M (566.2), down 10.8% compared with the year-earlier period.
· Sales in the Group’s comparable stores were negative 4% (neg: 24).
· Gross profit amounted to SEK 256.9M (282.5), corresponding to a gross margin of 50.8% (49.9).
· Loss after tax amounted to SEK 133.9 M (loss: 94.4). A loss per share before dilution of SEK 3.26 (loss:...

Including costs for closing down operations in Denmark and Norway operating loss...

5/4/2010 1:00 AM EST
The first quarter (January 2010 – March 2010)
• Net sales amounted to SEK 269.9 M (290.1), down 7% compared with the year-earlier period.
• Sales in the Group’s comparable stores were unchanged 0% (neg: 27). In local currencies sales trend were positive in all markets.
• Gross profit amounted to SEK 124.8 M (147.3), corresponding to a gross margin of 46.2% (50.8).
• Loss after tax amounted to SEK 80.1 M (loss:...

NOTIFICATION OF ANNUAL GENERAL MEETING IN HEMTEX AB (PUBL)

3/10/2010 1:30 PM EST
The shareholders of Hemtex AB (publ), corp. reg. no. 556132-7056, are hereby notified of the Annual General Meeting to be held on Monday April 12, 2010 at 4:30 p.m. at Pulsen Konferenscenter in Borås.
Registration

Shareholders who intend to participate in the Annual General Meeting must, in part, be listed, in Euroclear Sweden AB’s shareholder register by Tuesday April 6, 2010 and, in part, notify the company not...

Hemtex to divest store portfolio in Norway

3/9/2010 2:00 AM EST
The home textile chain Hemtex has performed a thorough analysis during the year aimed at mapping the Group’s market situation in and outside Sweden. Based on this work, Hemtex disclosed in its year-end report, which was issued on February 16, 2010, that the Group is to implement a responsible divestment of Group stores in Denmark, reduce the number stores in Finland by approximately half and review the store...

Operating loss of SEK 148.0 M

2/16/2010 1:30 AM EST
The abbreviated fiscal year (May 2009 – December 2009)
• Net sales amounted to SEK 916.8 M (1,012.2), down 9.4% compared with the preceding year. Sales in the Group’s comparable stores decreased by 9.2% (neg: 16.4).
• Loss after tax amounted to SEK 121.3 M (profit: 23.0). A loss per share before dilution of SEK 3.04 (earnings: 0.78).
• Operating cash flow after investments was positive SEK 37.8 M (pos: 35.2), up 7 %...

Hemtex donates items to charity

2/1/2010 4:00 AM EST
During December 2009, the home textile chain Hemtex implemented an inventory of the stocks in its Swedish and Finnish stores. The purpose was to identify items from older ranges that could fulfill an important function of being used as aid abroad. As a result, a total of about 370,000 items at an inventory value of approximately SEK 9.4 million were identified. These items have since been donated to Human Bridge,...

Hemtex Nomination Committee appointed

1/19/2010 7:00 AM EST
According to the principles for the Nomination Committee established at the Annual General Meeting in 2009, the Nomination Committee shall comprise the Chairman of the Board and three members representing the three largest shareholders in terms of voting rights.

Prior to the 2010 Annual General Meeting, the following members have been appointed to Hemtex’s Nomination Committee:
• Per Wiberg, Chairman of the Hemtex...

Hemtex appoints new Chief Financial Officer

12/18/2009 10:00 AM EST
Hemtex’s current CFO, Tommy Svensson, has decided to step down after nearly ten years in the position. Hemtex has appointed Ulf Segerström as its new CFO, effective January 18, 2010. Ulf Segerström will join Hemtex from the dairy Group, Milko, where he has been CFO since 2005.
“I became CFO of Hemtex in March 2000 and have experienced an extraordinary period in the Group’s development in terms of expertise and...

Interim report May 1, 2009 - October 31, 2009

12/3/2009 1:00 AM EST
Operating loss of SEK 87.0 M
Six months (May 2009 – October 2009)

• Net sales amounted to SEK 585.3 M (661.8), down 12% compared with the preceding year. Sales in the Group’s comparable stores decreased by 13% (neg: 19).
• Loss after tax amounted to SEK 76.7 M (loss: 0.3). A loss per share before dilution of SEK 1.95 (loss: 0.01).
• Operating cash flow after investments was negative SEK 79.7 M (neg: 54.3).
•...

Hemtex AB

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Hemtex is a leading Nordic retail chain in the market for home textiles, with more than 200 stores in the Nordic region. Hemtex is based on an attractively priced and functional range of home décor products, with a focus...

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