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YEAR-END REPORT, SEPTEMBER 2011–AUGUST 2012

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STRENGTHENED MARKET POSITION, INCREASED SALES AND IMPROVEMENT IN UNDERLYING EARNINGS

FOURTH QUARTER, JUNE–AUGUST 2012

  • Group net sales amounted to SEK 211.2 M (209.5). The number of stores totaled 117, compared with 123 in the year-earlier period.
  • Gross profit margin was 55.3% (51.8).
  • Translation of existing unrealized currency futures to fair value had a negative impact on earnings of SEK 18.0 M.
  • Profit before depreciation, amortization and impairment was SEK 4.0 M (9.6), excluding the effect of translation of currency futures, profit was SEK 22 M.
  • Profit after tax totaled SEK 9.5 M (10.3).
  • Earnings per share before dilution were SEK 1.17 (1.32). Earnings per share after dilution were SEK 1.17 (1.24).

FISCAL YEAR, SEPTEMBER 2011–AUGUST 2012

  • Group net sales amounted to SEK 823.5 M (832.7).
  • Gross profit margin was 57.0% (57.1).
  • Profit before depreciation, amortization and impairment amounted to SEK 59.5 M (60.7), excluding the effect of translation of currency futures, profit was SEK 71.0 M.
  • Profit after tax totaled SEK 43.0 M (34.3).
  • The Group's long-term dividend policy is to distribute 50 percent of net income, if the company's situation allows. Given that the Board expects to complete a number of set up’s during the current fiscal year, a dividend of SEK 1.50/share (0) is proposed.

SIGNIFICANT EVENTS DURING THE QUARTER AND FISCAL YEAR

  • The sale of shares free of brokerage fees was completed in conjunction with the share consolidation.
  • Agreements have been signed regarding the opening of five new stores in 2012 and 2013.

SIGNIFICANT EVENTS AFTER THE QUARTER

  • In September, the Group’s like-for-like sales increased by 3% and sales in Swedish operations increased 4% year-on-year.

 
“We are increasing our sales, improving our underlying earnings and capturing market shares. These are good results for the past year, which was characterized by a demanding market climate, and they support our continued growth ambitions,” says Susanne Börjesson, CEO, Venue Retail Group.

 
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 October 11, 2012 at 8:00 a.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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