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Year-end report 1 September 2017 - 31 August 2018

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Reorientation work takes effect

The sales in Sweden outperformed the market as a whole in the fourth quarter. E-commerce continued to growth significantly during the quarter and the growth for the full year was 51% and amounted to SEK 160 million in sales. The underlying trend also continued for the business areas in the quarter, while the reorientation work is progressing at a high pace. Operating income was SEK -3 M (4) in the fourth quarter.

FOURTH QUARTER, JUNE 1, 2018 – AUGUST 31, 2018 IN SUMMARY

  • Net sales increased to SEK 561 M (554).
  • Group sales for comparable stores on all national markets decreased by -0.4 percent.
  •  Sales for comparable stores in Sweden decreased by -2.7 percent, outperforming the market which was down by -3.9 percent. 
  •  Operating income was SEK -3 M (4).
  •  Profit after tax was SEK -13 M (-13).
  •  Earnings per share was SEK -0.38 (-0.38).
  •  Cash flow from operating activities was SEK -39 M (-23).

THE PERIOD, SEPTEMBER 1, 2017 – AUGUSTI 31, 2018 IN SUMMARY 

  •  Net sales were SEK 2,238 M (2,216).
  •  Group sales for comparable stores on all national markets increased by +0.3 percent.
  •  Sales for comparable stores in Sweden decreased by -0.7 percent, outperforming the market which was down by -2.6 percent.
  •  Operating income was SEK 47 M (63).
  •  Profit after tax increased to SEK 36 M (30).
  •  Comprehensive income for the period was SEK 60 M (25).
  •  Earnings per share increased by 20 percent to SEK 1.07 (0.90).
  •  Cash flow from operating activities was SEK 11 M (51).
  •  The Board proposes that no dividends will be paid.

EVENTS AFTER THE END OF THE PERIOD 

  •  In September, RNB announced changes to Group management. The CEO of Brothers, Peter Bondelid, is leaving his position. The current CEO of Departments & Stores, Lina Söderqvist, will be appointed new CEO of Brothers. Yvonne Magnusson has been appointed Interim CEO of Departments & Stores.
  • Polarn O. Pyret is one of three finalists in the category Design Concept of the Year at the Habit Fashion Show which is held in November.

This information is information that RNB RETAIL AND BRANDS AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, on October 11, 2018 at 07:00 CET.

For further information, please contact:

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

Kristian Lustin, CFO, RNB RETAIL AND BRANDS AB
46 8 410 524 63, e-mail: kristian.lustin@rnb.se

RNB RETAIL AND BRANDS owns, operates and develops fashion wear, ready-to-wear clothing, accessories, jewelry and cosmetics stores and e-commerce that focus on providing excellent service and a world-class shopping experience. Sales are conducted through the concepts Brothers, Man of a kind and Polarn O. Pyret. Within the Departments & Stores business area, departments are managed in the department store NK in Stockholm and in Gothenburg. The Group has some 270 stores and e-commerce platforms in 10 countries. RNB RETAIL AND BRANDS has been listed on Nasdaq Stockholm since 2001 under the ticker RNBS.

  

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