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MQ Holding AB - Interim Report

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MQ continues to capture market shares

First quarter (September 2011-November 2011)

  • Net sales amounted to SEK 380 million (368), up 3.3 percent. Sales in comparable stores fell 1.1 percent (The Swedish Retail Institute Index declined 7.9 percent).
  • The gross margin was 62.5 percent (64.5).
  • Operating profit amounted to SEK 42 million (54), corresponding to an operating margin of 10.9 percent (14.8).
  • Profit after tax totalled SEK 28 million (38), corresponding to SEK 0.80 (1.08) per share after dilution.
  • Cash flow from operating activities was SEK 34 million (23).

Events during the first quarter

  • Mats Gärdsell assumed the position of CEO on 3 October.
  • Peter Karlson assumed the position of Logistics and Sourcing Director on 3 October. Peter is a member of Executive Management Team.
  • Two new stores were opened, one in Erikslund in Västerås, Sweden and one on Bogstadveien in Oslo, Norway.

Events after the end of the reporting period

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

For more information, please contact:

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

Tony Siberg, EVP 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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delårsrapport MQ

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