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INTERIM REPORT, SEPTEMBER 2011–MAY 2012

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STABLE PERFORMANCE IN A CHALLENGING MARKET

THIRD QUARTER, MARCH–MAY 2012

  • Group net sales amounted to SEK 168.7 M (172.5). The number of stores totaled 117, compared with 126 in the year-earlier period.
  • Gross profit margin was 57.5% (58.2).
  • Profit before depreciation, amortization and impairment amounted to SEK 5.2 M (loss: 1.2).
  • The loss after tax was SEK 0.2 M (loss: 6.7).
  • Earnings per share before dilution were a negative SEK 0.03 (neg. 0.89).
  • Earnings per share after dilution were a negative SEK 0.03 (neg. 0.85).

THE PERIOD SEPTEMBER 2011–MAY 2012

  • Group net sales amounted to SEK 612.3 M (623.2).
  • Gross profit margin was 57.6% (58.8).
  • Profit before depreciation, amortization and impairment amounted to SEK 55.5 M (51.1).
  • Profit after tax totaled SEK 33.5 M (24.0).
  • Earnings per share before dilution were SEK 4.27 (3.27).
  • Earnings per share after dilution were SEK 4.27 (3.12).

SIGNIFICANT EVENTS DURING THE QUARTER

  • The Group’s like-for-like sales declined 1%, while sales in the Swedish operations rose 1%, which was superior to the decline reported in the available sector statistics.
  • Full conversion of the issued convertible debenture loan was completed.
  • The consolidation of shares, through a reverse stock split of one hundred shares for one share, was completed as of May 9. Accordingly, as of May 31, 2012, the total number of shares in the Venue Retail Group was 8,127,026 and the total number of votes was 8,129,726. Share capital totaled SEK 113,778,364.

SIGNIFICANT EVENTS AFTER THE QUARTER 

  • The sales development during June was strong, both in the Swedish and Norwegian markets.
  • As of July 18, 2012, Venue Retail Group may again decide on a dividend.

“The Group continues to develop in the right direction and we deliver stable earnings for our seasonally weakest quarter, despite facing very strong comparative figures and a challenging market,” says Susanne Börjesson, CEO, Venue Retail Group.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Susanne Börjesson, CEO, Tel: +46 (0)8-508 99 253 or +46 (0)701-90 11 53
Staffan Gustafsson, CFO and Deputy CEO, Tel: +46 (0)8-508 99 244 or +46 (0)70-889 92 44
Mats Persson, Chairman of the Board, Tel: +46 (0)8-545 133 52 or +46 (0)70-511 46 36


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