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MQ Holding AB - Interim report

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MQ solidified its market position

Third quarter (March 2012-May 2012)

  • Net sales amounted to SEK 347 million (347), which was in line with the sales level of the year-earlier period. Sales in comparable stores fell 2.3 percent. (The Swedish Retail Institute Index was down 2.4 percent.)
  • The gross margin was 61.6 percent (62.5).
  • Operating profit totalled SEK 25 million (32), corresponding to an operating margin of 7.2 percent (9.1). The change in profit was primarily attributable to increased proactive market investments.
  • Profit after tax amounted to SEK 15 million (23), corresponding to SEK 0.44 (0.66) per share after dilution.
  • Cash flow from operating activities totalled SEK 37 million (38).

Nine-month period (September 2011-May 2012)

  • Net sales amounted to SEK 1,148 million (1,129), up 1.7 percent. Sales in comparable stores fell 1.4 percent. (The Swedish Retail Institute Index was down 4.4 percent.)
  • The gross margin was 57.1 percent (58.0).
  • Operating profit totalled SEK 77 million (100), corresponding to an operating margin of 6.7 percent (8.9).
  • Profit after tax amounted to SEK 49 million (66), corresponding to SEK 1.40 (1.87) per share after dilution.
  • Cash flow from operating activities totalled SEK 84 million (107).

Events during the third quarter

  • MQ opened a new store in Norway in Kristiansand
  • A new website was launched for MQ Shop Online based on the new e-commerce platform, which also enables internationalisation.

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 116 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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