Lindex Interim Report for the third quarter 1 March 2007-31 May 2007 First nine months 2006/2007 (1 September 2006-31 May 2007) • The Lindex Group's sales amounted to SEK 3,882M (3,903), equivalent to a change of -0.5 (1.1) per cent. Same store sales excluding the currency effect fell by 1.4 (+3.4) per cent. • Excluding the German operation, the Lindex Group's sales rose to SEK 3,715M, equivalent to an increase of 0.8 per cent. Same store sales excluding the currency effect fell by 0.4 per cent. • Operating profit amounted to SEK 292M (454). Profit after financial items amounted to SEK 281M (456). The EBITA result amounted to SEK 292M (454). During the second quarter, the result was charged with one-off structural costs of SEK 90M for the closure of the German operation. • The operating margin amounted to 7.5 (11.6) per cent and the gross margin to 59.8 (60.0) per cent. The EBITA margin amounted to 7.5 (11.6) per cent. • Profit after tax amounted to SEK 180M (400), equivalent to SEK 2.60 (5.80) per share. Third quarter 2006/2007 (1 March 2007-31 May 2007) • The Lindex Group's sales rose to SEK 1,328M (1,322), equivalent to an increase of 0.5 (6.6) per cent. Same store sales excluding the currency effect fell by 0.7 (+8.7) per cent. • Excluding the German operation, the Lindex Group's sales rose to SEK 1,274M, equivalent to an increase of 2.5 per cent. Same store sales excluding the currency effect increased by 0.8 per cent. • Operating profit amounted to SEK 143M (146). Profit after financial items amounted to SEK 138M (145). The EBITA result amounted to SEK 143M (146). • The operating margin amounted to 10.8 (11.0) per cent. The gross margin was on a par with the previous year, i.e. 60.7 (60.7) per cent. The EBITA margin amounted to 10.8 (11.0) per cent. • Profit after tax amounted to SEK 100M (107), equivalent to SEK 1.40 (1.60) per share. The CEO comments: “During the quarter, we continued our long-term work aimed at improving product supply and further strengthening the product range. We have also focused extensively on cost control and the closure of our German operation.” “During the quarter, we started e-commerce in Sweden and we are very satisfied with the favourable reception this sales channel has enjoyed. The interest shown by customers has exceeded our expectations. As a result we are accelerating our e-commerce activities and we also expect to start e-commerce on additional markets during autumn 2008.” “We have also established a successful first operation in Lithuania. Lindex currently has stores in all the Baltic countries and is now an established fashion brand. We expect to have a total of around 25 stores in the three Baltic States at the end of the 2008/2009 financial year.” 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
Lindex Interim Report for the third quarter
| Source: Lindex, AB
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