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INTERIM REPORT SEPTEMBER–NOVEMBER 2012

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THREE NEW STORES AND CONTINUED STABLE DEVELOPMENT

FIRST QUARTER, SEPTEMBER–NOVEMBER 2012

  • Group net sales amounted to SEK 206.6 M (209.3). The number of stores totaled 119, compared with 123 a year earlier.
  • The gross profit margin was 58.7 percent (60.2).
  • Profit before depreciation, amortization and impairment amounted to SEK 23.0 M (23.6).
  • Profit after tax totaled SEK 16.6 M (17.0).
  • Earnings per share before dilution amounted to SEK 2.04 (2.19).
  • Earnings per share after dilution amounted to SEK 2.04 (2.09).

SIGNIFICANT EVENTS DURING THE QUARTER

  • Three new stores were opened and four stores were upgraded to the new accessory concept.
  • At the Annual General Meeting on January 16, the Board of Directors proposed a dividend of SEK 1.50 per share (0).

SIGNIFICANT EVENTS AFTER THE QUARTER

  • Like-for-like sales during the Group’s important month of December showed a year-on-year increase of 5 percent in total and 9 percent in Sweden. Among the Group’s chains, Rizzo noted the best performance. Group sales targets were achieved without having to bring forward planned discount sales.

The year has begun well and we are once again showing stable performance during the first quarter. After the end of the period, the Christmas sales were positive for all chains, but especially Rizzo showed a strong increases in sales during December. We continue to establish new stores according to plan, upgrade stores and seek out new opportunities in the market says Susanne Börjesson, CEO of Venue Retail Group.


The information in this report is such that Venue Retail Group is obligated to disclose under the Swedish Securities Market Act. The information was submitted for publishing on January 16, 2013 at 3:00 p.m.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Susanne Börjesson, VD, 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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