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Interim report 1 September 2014 - 30 November 2014

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RNB RETAIL AND BRAND´S profit improvement trend is continuing – for the first quarter 2014/15, RNB reports positive operating income of SEK 23 M, an improvement of SEK 14 M in total compared to the previous year. The first quarter 2014/15 was the company´s third consecutive quarter with better sales than the market, where all concepts also displayed a better performance than the market.

FIRST QUARTER SEPTEMBER 1, 2014 – NOVEMBER 30, 2014 IN SUMMARY

  • Sales in comparable stores increased during the quarter by +4.5%, compared to the market´s decrease of -2.2% (Swedish Retail and Wholesale Trade Research Institute´s (HUI)).
  • Net sales totaled SEK 509 M (595, including the divested operation (JC)).
  • Operating income amounted to SEK 23 M (9, including the divested operation (JC)).
  • Operating income for the past 12-month period totaled SEK 14 M (3).
  • Profit before tax amounted to SEK 22 M (7, including the divested operation (JC)).
  • Profit after tax amounted to SEK 22 M (6, including the divested operation (JC)), which corresponds to SEK 0.65 (0.19) per share.
  • Cash from operating activities was SEK 6 M (-14).
  • During the quarter, three new stores were opened, all in Polarn O. Pyret´s Norwegian operations. Meanwhile, a total of five stores were closed, three in Polarn O. Pyret Sweden, and two in Brothers Sweden.
  • After the end of the quarter, RNB entered into an agreement on extension of the business financing from the company´s main owner, Konsumentföreningen Stockholm (SEK 200 M). The agreement provides a possibility to extend the financing by one year from 2016 to 2017.
  • On November 1, 2013, RNB entered into an agreement to divest the subsidiary JC to Denim Island AB. During the first quarter of 2013/2014, JC´s sales amounted to SEK 111 M and its operating income totaled SEK -6 M.

For further information, please contact:

Magnus Håkansson, CEO, RNB RETAIL AND BRANDS,
+46 8 410 520 02, +46 768 87 20 02, e-mail:  magnus.hakansson@rnb.se

Stefan Danieli, CFO, RNB RETAIL AND BRANDS,
+46 8 410 522 25, +46 768 87 22 25, e-mail: stefan.danieli@rnb.se

The information is such that RNB RETAIL AND BRANDS AB (publ) is required to disclose in accordance with the Swedish Financial Instruments Trading Act and/or the Swedish Securities Market Act. The information was submitted for publishing on December 18, 2014, at 07:30 a.m.


RNB RETAIL AND BRANDS owns, operates and develops fashion, clothing, accessories, jewelry and cosmetics stores that focus on providing excellent service and a world-class shopping experience. Sales are mainly conducted in Scandinavia through the store concepts Brothers and Polarn O. Pyret, as well as through shops in the department stores NK in Stockholm and Gothenburg. RNB RETAIL AND BRANDS has operations in 11 countries. RNB RETAIL AND BRANDS has been listed on the Nasdaq Stockholm Exchange since 2001.

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