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Interim Report 1 September 2014 - 28 February 2015

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RNB Retail and Brands positive trend of profit improvements is continuing – for the second quarter 2014/15, RNB reports positive operating income of SEK 17 M, an improvement of SEK 15 M in total compared to the previous year. The second quarter 2014/2015 was the company’s fourth consecutive quarter with better sales than the market. Sales volume during the quarter for the three concepts amounted to between 14 and 18 percent.

SECOND QUARTER, DECEMBER 1, 2014 – FEBRUARY 28, 2015 IN SUMMARY

  • Sales in comparable stores increased during the quarter by +15.3%, compared to the market’s increase of +1.9% (Swedish Retail and Wholesale Trade Research Institute (HUI)).
  • Net sales amounted to SEK 578 M (502).
  • Operating income totaled SEK 17 M (2).
  • Profit before tax amounted to SEK 23 M (-2).
  • Profit after tax amounted to SEK 23 M (-2), corresponding to SEK 0.67 (-0.06) per share.
  • Cash flow from operating activities was SEK 24 M (42).
  • During the quarter, RNB entered into an agreement on extension of the business financing (SEK 200 M) from the company’s main owner, Konsumentföreningen Stockholm. The agreement implies a possibility to extend the financing by one year, from 2016 to 2017.
  • During the quarter, Kristian Lustin was employed as new CFO of RNB Retail and Brands. Kristian replaces Stefan Danieli.

THE PERIOD, SEPTEMBER 1, 2014 – FEBRUARY 28, 2015 IN SUMMARY

  • Net sales amounted to SEK 1,087 M (1,096, including divested operation (JC)).
  • Operating income amounted to SEK 40 M (11, including divested operation (JC)).
  • Operating income for the latest 12-month period totaled SEK 30 M (3).
  • Profit before tax amounted to SEK 45 M (5, including divested operation (JC)).
  • Profit after tax amounted to SEK 45 M (4, including divested operation (JC)), which corresponds to SEK 1.32 (0.13) per share.
  • Cash flow from operating activities was SEK 30 M (22).
  • During the period, RNB entered into an agreement on extension of the business financing (SEK 200 M) from the company’s main owner, Konsumentföreningen Stockholm. The agreement implies a possibility to extend the financing by one year, from 2016 to 2017.

For further information, please contact:

Magnus Håkansson, CEO, RNB RETAIL AND BRANDS,
+46 8 410 520 02, +46 768 87 20 02, e-mail:  magnus.hakansson@rnb.se

Stefan Danieli, CFO, RNB RETAIL AND BRANDS,
+46 8 410 522 25, +46 768 87 22 25, e-mail: stefan.danieli@rnb.se

The information is such that RNB RETAIL AND BRANDS AB (publ) is required to disclose in accordance with the Swedish Financial Instruments Trading Act and/or the Swedish Securities Market Act. The information was submitted for publishing at 07.30 am CET, March 26 2015.

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

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