Highlights from the financial statements 2006/2007 for BoConcept Holding A/S
· Revenue has grown by DKK 17.4% on last year and now amounts to DKK 1,046.6
million.
· Profit before tax was DKK 61.7 million compared to DKK 26.7 million in
2005/2006.
· The operating margin was increased from 4.1% last year to 6.6% in 2006/2007.
· Cash flow before instalments on long term debt was DKK 25.7 million in
2006/2007.
· 42 new BoConcept Brand Stores have been opened and 12 have been closed down
during the financial year, resulting in a net addition of 30 BoConcept Brand
Stores.
· During the financial year the net addition of BoConcept Studios was four.
· In accordance with the strategy adopted, the upholstery production has been
outsourced and the factory in Hornslet has been closed down.
· The long term strategic and financial targets are updated and adjusted upwards
· The forecast for the financial year 2007/2008 is a pre-tax profit of between
DKK 85 and 95 million and a positive cash flow of at least DKK 35 million
before instalments on long-term debt. Revenue is expected to grow by 15-20 % on
2006/2007.
