English

MQ Holding AB - Year-end report

Report this content

MQ increases sales and continues to capture market shares

Fourth quarter (June 2012 - August 2012)

  • Net sales amounted to SEK 386 million (358), up 7.7 percent. Sales in comparable stores increased 4.3 percent. (The Swedish Retail Institute Index was down 3.2 percent.)
  • The gross margin was 51.1 percent (54.8).
  • Operating profit totalled SEK 21 million (21), corresponding to an operating margin of 5.3 percent (5.8).
  • Profit after tax amounted to SEK 12 million (11), corresponding to SEK 0.35 (0.32) per share after dilution.
  • Cash flow from operating activities totalled SEK 19 million (-4).

Year-end report (September 2011 - August 2012)

  • Net sales amounted to SEK 1,534 million (1,487), up 3.2 percent. Sales in comparable stores were unchanged year-on-year. (The Swedish Retail Institute Index was down 4.1 percent.)
  • The gross margin was 55.6 percent (57.3).
  • Operating profit totalled SEK 98 million (121), corresponding to an operating margin of 6.4 percent (8.1).
  • Profit after tax amounted to SEK 61 million (77), corresponding to SEK 1.75 (2.19) per share after dilution.
  • Cash flow from operating activities totalled SEK 103 million (103).
  • The Board proposes a dividend of SEK 0.87 (1.10) per share, corresponding to 50 per cent of the year’s profit after tax.

Events during the fourth quarter

  • Upgrading of 18 existing MQ stores.
  • New communication identity implemented.

Events after the end of the reporting period

  • MQ opened a new store in Karlskoga, Sweden.

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

Documents & Links