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MQ Holding AB - Interim Report

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MQ continues to capture market shares

Second quarter (December 2011 - February 2012)

  • Net sales amounted to SEK 422 million (414), up 1.9 percent. Sales in comparable stores fell 1.3 percent. (The Swedish Retail Institute Index was down 2.6 percent)
  • Gross margin was 48.6 percent (48.5). Operating profit totalled SEK 11 million (15), corresponding to an operating margin of 2.6 percent (3.4).
  • Profit after tax amounted to SEK 6 million (5), corresponding to SEK 0.16 (0.13) per share after dilution.
  • Cash flow from operating activities totalled SEK 12 million (46).

First six months (September 2011-February 2012)

  • Net sales amounted to SEK 802 million (782), up 2.6 percent. Sales in comparable stores fell 1.2 percent. (The Swedish Retail Institute Index was down 5.4 percent)
  • Gross margin was 55.2 percent (56.1).
  • Operating profit totalled SEK 53 million (69), representing an operating margin of 6.6 percent (8.8).
  • Profit after tax amounted to SEK 34 million (42), corresponding to SEK 0.97 (1.21) per share after dilution.
  • Cash flow from operating activities totalled SEK 46 million (69).

Events during the second quarter

  • Five new brands were launched during the quarter; three for ladies: Dobber, Just Female and Won Hundred; two for men: Cottonfield and Mouli
  • Two new Board members were appointed in conjunction with the Annual General Meeting in January: Bengt Jaller and Christina Ståhl

Events after the end of the reporting period

No significant events took place after the end of the reporting period.

Contact

For further information, please contact:

Mats Gärdsell, CEO: +46 (0)31-38 88 010

Tony Siberg, Deputy CEO and CFO: +46 (0)31-38 88 401

MQ is one of Sweden’s leading retailers of fashion brands. Through a select mix of proprietary and external brands, MQ offers men’s and women’s clothes with a high fashion content in attractive stores. The store chain currently comprises 115 stores and the aim is to establish MQ as the leading retailer of fashion brands in the Nordic region. The MQ share has been listed on NASDAQ OMX Stockholm since 18 June 2010. For more information, please visit our website at www.mq.se.

 

 

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