Interim report 1 September 2010 - 28 February 2011

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).

Tags:

About Us

RNB RETAIL AND BRANDS owns, operates and develops fashion wear, ready-to-wear clothing, accessories, jewelry and cosmetics stores and e-commerce that focus on providing excellent service and a world-class shopping experience. Sales are conducted through the concepts Brothers, Departments & Stores, Man of a kind and Polarn O. Pyret. The Group has more than 260 stores and e-commerce platforms in 10 countries. RNB RETAIL AND BRANDS is listed on Nasdaq Stockholm (RNBS).