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A weak quarter with important steps forward

The MQ Group looks back on a quarter with weak sales, driven by lower sales in the summery categories of the range. There has been a continued high level of campaign activity, both for us and the market, and this has continued to put pressure on margins. MQ’s new online shopping platform was launched at the end of the quarter and generated good results from the outset. The structural action programme is running at full force with store closures, cost savings and the integration of employees from Joy’s headquarters into MQ premises. The preference share issue continued during the quarter and

Enhanced action programme following a weak quarter

The first quarter continued to be characterised by high campaign intensity and low demand, which has had an adverse impact on results. The first two months of the quarter developed below expectation, while November did show positive development. Further measures are being taken in addition to those already begun, the aim being to increase sales and reduce costs. The process of closing stores that do not boost profitability will now be intensified. A structural action programme has also been planned for early 2019.  First quarter (September 2018 – November 2018)   ·  Net sales

Results on a par with last year, excluding non-recurring items

MQ Group profits for the third quarter, excluding non-recurring items, are on a par with last year despite a market that remains demanding and campaign-driven. Sales fell during the quarter, but this was compensated for in terms of profit by a higher gross margin and very good cost control. A transition programme was launched during the spring focusing on both income and efficiency so as to further speed up the work towards change.  Third quarter (March – May 2018)   ·  Net sales amounted to SEK 413 million (424), down 2.6 per cent. Like-for-like sales declined 4.3 per cent (

MQ delivers stable earnings while Joy is affected by adaptation work

The MQ Group has shown a continued high rate of development in the first quarter. During an autumn packed with campaigns, the MQ chain has delivered stable earnings of SEK 34 million (34), which is in line with the previous year. The Joy chain’s earnings of SEK 2 million (8) have been affected by the adaptation work in the form of store conversions and the introduction of external brands. Nevertheless, the Joy chain is cautiously optimistic because to date the adaptation has generated a clear increase in footfall.  First quarter (September 2017 – November 2017)   ·  Net sales

Invitation to presentation of MQ Holding’s first quarter results 2017/2018

MQ Holding will announce its first quarter results (September 2017 – November 2017) on Tuesday, December 19th 2017 at 07.15 CET. A telephone conference will be held on the same day for analysts, investors and media at 09:00 CET. Christina Ståhl, President and CEO and Tony Siberg, EVP and CFO will present and comment on the report and the latest developments in MQ Holding. The presentation will be held in Swedish. The presentation can also be followed via audio cast on www.mq.se. It is possible to listen to the audio cast afterwards at the same place. To participate in the telephone

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