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Interim report 1 September 2010 - 28 February 2011

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Second quarter, December 1, 2010 – February 28, 2011

  • Net sales totaled SEK 772 M (822), down 6.0 percent. The negative impact from the divested operations at Steen & Ström department store is -4.6 percent. Sales in comparable proprietary stores was unchanged from previous year.
  • The operating result has improved with SEK 8 M to SEK 11 M (3).
  • The profit before tax amounted to SEK -7 M (-4). Unrealized results on currency futures affected the quarter negatively with SEK 10 M (-1).
  • Profit after tax amounted to SEK -10 M (-3), corresponding to a profit per share of SEK -0.06 (-0.02).
  • Cash flow from operating activities amounted to SEK 15 M (99).

Half-Year Report, September 1, 2010 – February 28, 2011

  • Net sales totaled SEK 1 560 M (1 565), down 0.4 percent. The negative impact from the divested operations at Steen & Ström department store is -4.0 percent. Sales in comparable proprietary stores increased 3.1 percent.
  • The operating result improved with SEK 22 M to SEK 58 M (36).
  • The profit before tax amounted to SEK 33 M (30). Unrealized results on currency futures affected the quarter negatively with SEK 8 M (+6)
  • The profit after tax amounted to SEK 24 M (22), corresponding to a profit per share of SEK 0.15 (-0.14).
  • Cash flow from operating activities amounted to SEK -19 M (84).

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2010-2011

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