US/UK/Canada

Share

Pick a time period -
Tags ( Active)

Weak quarter with a focus on robust measures and the agreed right issue

It has been yet another challenging quarter for the Group and the period from December to February has been characterised by lower sales, chiefly due to the weaker development of our women’s range. The gross margin for the quarter has been adversely affected by a campaign-intensive market and price cuts. The measures taken in our structural action programme are considerable and have had a positive impact during the quarter of SEK 11 million.  Second quarter (December 2019–February 2020) · Net sales amounted to SEK 382 million (424), down 9.8 per cent. Like-for-like sales

The structural action programme is having an effect, but the quarter was characterised by lower sales

There has been a lot of focus and attention during the quarter on the renewal of MQ with the launch of our first MarQet stores. The quarter has been characterised by lower sales as a result of less footfall in our stores in a challenging, campaign-intensive market. For MQ, however, the proprietary brand range has seen positive sales development, and our online shopping initiatives have produced results with a palpable increase in traffic and conversion rate. Our structural action programme is developing according to plan and has had a positive impact during the quarter of SEK 10

Increased sales and strengthened operating profit

The MQ Group continues to develop in the right direction. Sales increased in both physical stores and online shopping. The rapid upgrade of Joy’s stores continues, with a strong sales trend as a result. The gross margin was strengthened and operating profit was improved. The work to reposition the Group to become a prominent omni-channel player in the Swedish market is continuing.   Joy is included in the consolidated statements starting in May 2016. Third quarter (March 2017–May 2017)   ·  Net sales amounted to SEK 424 million (379), up 11.9 percent. Like-for-like sales

MQ Holding AB – Interim report

MQ doubles its operating profit MQ experienced a strong third quarter, during which the company doubled its operating profit. Sales were impacted by the fact that the summer sale period in the preceding year began in May, which caused like-for-like sales, adjusted for discount effects, to increase 5.6 percent. The gross margin improved and significant cost savings were achieved. The company reported a strong cash flow and record-low level of net debt. Third quarter (March 2014-May 2014) · Net sales amounted to SEK 350 million (354), down 1.1 percent. Sales in comparable stores

There are no items matching the current filter
There are no more items matching the current filter
Back to top

Media