English

MQ Holding AB - Interim report

Report this content

Focus on gross margin, cash flow and product portfolio

Second quarter (December 2012-February 2013)

  • Net sales amounted to SEK 396 million (422), down 6.2 percent. Sales in comparable stores fell 8.7 percent (The Swedish Retail Institute Index was down 3.0 percent).
  • The gross margin was 49.5 percent (48.6).
  • Operating profit totalled SEK 4 million (11), corresponding to an operating margin of 0.9 percent (2.6).
  • Profit after tax amounted to SEK 1 million (6), corresponding to SEK 0.02 (0.16) per share after dilution.
  • Cash flow from operating activities totalled SEK 34 million (12).

First six months (September 2012-February 2013)

  • Net sales amounted to SEK 760 million (802), down 5.2 percent. Sales in comparable stores fell 7.7 percent (The Swedish Retail Institute Index was down 1.3 percent).
  • The gross margin was 54.8 percent (55.2).
  • Operating profit totalled SEK 25 million (53), corresponding to an operating margin of 3.2 percent (6.6).
  • Profit after tax amounted to SEK 14 million (34), corresponding to 0.40 SEK (0.97) per share after dilution.
  • Cash flow from operating activities totalled SEK 29 million (46).

Events during the second quarter

  • A number of Swedish and Nordic institutions as well as Jaller Klädcenter AB invested in MQ after CapMan terminated its long-standing involvement in MQ in line with its investment policy.
  • During the period, partnership agreements were signed with two new brands, Filippa K and Elvine, which will be launched at MQ during the late summer/autumn of 2013.

Events after the end of the reporting period

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

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 119 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.

Documents & Links