Interim report 1 September 2011 - 31 May 2012
Third quarter, March 1, 2012 – May 31, 2012
- Net sales totaled SEK 613 M (675), down 9.2 percent. Sales in comparable proprietary stores declined 1.8 percent during the quarter.
- The operating profit, excluding last year’s write-down of goodwill and trademark of SEK 431 M, improved by SEK 68 M and amounted to SEK -34 M (102).
- JC’s operations in Norway which has been closed, have had a negative impact on operating profit with SEK -8 M (-44).
- The operating profit, excluding JC’s operations in Norway and excluding last year’s write-down of goodwill and trademark (431 M), improved by SEK 31 M and amounted to SEK -26 M (-57).
- The profit before tax amounted to SEK -42 M (-105 excluding write-down of goodwill and trademark). Excluding JC's operations in Norway the profit amounted to SEK -34 M (-61). Unrealized results on currency futures affected the quarter with SEK 5 M (3).
- Profit after tax amounted to SEK -32 M (-452), corresponding to a profit per share of SEK - 0.19 (-2.73).
- Cash flow from operating activities amounted to SEK -13 M (-47).
The interim-report period, September 1, 2011 – May 31, 2012
- Net sales totaled SEK 2 121 M (2 235), down 5.1 percent. Sales in comparable proprietary stores declined 1.7 percent.
- The operating profit, excluding last year’s write-down of goodwill and trademark of SEK 431 M, declined SEK 30 M and amounted to SEK -74 M (-44).
- JC’s operations in Norway which has been closed, have had a negative impact on profit with SEK -63 M (-57).
- The operating profit, excluding JC’s operations in Norway and excluding last year’s write-down of goodwill and trademark (SEK 431 M), amounted to SEK -11 M (13).
- The profit before tax amounted to SEK -101 M (-71 excluding write-down of goodwill and trademark). Excluding JC's operations in Norway the profit amounted to SEK -39 M (-14). Unrealized results on currency futures affected the quarter with SEK 6 M (-5).
- Profit after tax amounted to SEK -79 M (-428), corresponding to a profit per share of SEK - 0.48 (-2.58).
- Cash flow from operating activities amounted to SEK 8 M (-67).
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