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).

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About Us

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. RNB RETAIL AND BRANDS has operation in 11 countries. RNB RETAIL AND BRANDS has been listed on the OMX Nordic Exchange since 2001.