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INTERIM REPORT SEPTEMBER 2011–FEBRUARY 2012

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INCREASED SALES AND IMPROVED EARNINGS IN A WEAK MARKET

SECOND QUARTER DECEMBER 2011-FEBRUARY 2012

  • Group net sales amounted to SEK 234.3 M (231.5). The number of stores totaled 119 compared with 127 in the year-earlier period.
  • Gross profit margin was 55.3% (56.6).
  • Profit before depreciation, amortization and impairment amounted to SEK 26.7 M (25.3).
  • Profit after tax totaled SEK 16.7 M (13.0).
  • Earnings per share before and after dilution totaled SEK 0.02 (0.02).

THE PERIOD SEPTEMBER 2011–FEBRUARY 2012

  • Group net sales amounted to SEK 443.6 M (450.7).
  • Gross profit margin was 57.6% (59.1).
  • Profit before depreciation, amortization and impairment amounted to SEK 50.3 M (52.3).
  • Profit after tax totaled SEK 33.7 M (30.7).
  • Earnings per share before and after dilution totaled SEK 0.04 (0.04).

SIGNIFICANT EVENTS DURING THE QUARTER

  • The Group’s like-for-like sales rose 1% during the quarter. The increase in the Swedish market was 3%. According to available statistics, the Group increased its market shares in all chains and markets.
  • The Annual General Meeting in January resolved on the consolidation of shares, with 100 shares being consolidated to one share. The record date for the consolidation will be not later than June 30, 2012.

The sales trend in the second quarter in comparable stores exceeded the figures for the sector and delivered an improved result in a challenging market. With distinct concepts, focus on customer experience and optimization of the store locations, we will continue to strengthen our market position in the Nordic region,” says Susanne Börjesson, CEO of the 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


The information in this report is such that Venue Retail Group is obligated to publish under the Swedish Securities Market Act. The information was submitted for publishing on March 29, 2012 at 2:00 p.m.

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