Lindex Interim Report for the second quarter


Lindex Interim Report for the second quarter

1 December 2006-28 February 2007 
First six months 2006/2007 (1 September 2006-28 February 2007)
•	The Lindex Group's sales amounted to SEK 2,554M (2,581), equivalent to a
change of -1.1 
(-1.5) per cent. Same store sales excluding the currency effect fell by 1.8
(+0.9) per cent. 
•	Closure costs for the stores in Germany are estimated to amount to SEK 90M,
which is charged to the period's profit. Approximately SEK 70M affects the cash
flow. During the closure period, which will continue during the remainder of the
financial year, current operating losses will be added.
•	Operating profit excluding forecast closure costs relating to the German
operation amounted to SEK 239M (308). 
•	Operating profit including forecast closure costs of SEK 90M amounted to SEK
149M (308). Profit after financial items amounted to SEK 143M (311). The EBITA
result in the Group amounted to SEK 149M (308). 
•	The operating margin including forecast closure costs amounted to 5.8 (11.9)
per cent and the gross margin to 59.3 (59.6) per cent. The EBITA margin in the
Group amounted to 5.8 (11.9) per cent.
•	Profit after tax amounted to SEK 80M (293), equivalent to SEK 1.20 (4.30) per
share.

Second quarter 2006/2007 (1 December 2006-28 February 2007)
•	The Lindex Group's sales amounted to SEK 1,265M (1,274), equivalent to a
change of -0.7 
(-1.3) per cent. Same store sales excluding the currency effect fell by 2.1
(+1.7) per cent.
•	Operating profit excluding forecast closure costs relating to the German
operation amounted to SEK 107M (148). 
•	Operating profit including forecast closure costs of SEK 90M amounted to SEK
17M (148). Profit after financial items amounted to SEK 13M (151). The EBITA
result in the Group amounted to SEK 17M (148).
•	The operating margin including forecast closure costs amounted to 1.3 (11.6)
per cent and the gross margin to 58.5 (58.6) per cent. The EBITA margin in the
Group amounted to 1.3 (11.6) per cent.
•	The result after tax amounted to SEK -17M (105), equivalent to SEK -0.20
(1.50) per share. 

The CEO comments:
“Children's Clothing and Lingerie have developed satisfactorily. Regarding
Ladies' Wear, however, the development has not been satisfactory. As a result of
delays of several deliveries from some of our biggest purchasing markets we did
not have sufficient spring fashion in the stores during January. Since the
middle of February the stores have been well-stocked with spring fashion and our
product range has been positively received by our customers.” 

Göran Bille, President and CEO

For further information, please contact:	
Göran Bille, President and CEO
Telephone: +46 (0)31-739 50 02
Mobile:    +46 (0)703-44 43 04
Peter Andersson, Chief Financial Officer	
Telephone: +46 (0)31-739 50 10
Mobile:    +46 (0)705-84 44 37

Attachments

03272023.pdf