Second quarter, December 1, 2009 - February 28, 2010
* Net sales totaled SEK 822.0 M (914.5), down 10.2%, currency effects -3.6%.
Sales in comparable proprietary stores declined 4.2%.
* The operating result has improved with SEK 91.7 M to SEK 2.8 M (-588.9
including goodwill write-down of SEK 500 M). Loss before tax amounted to SEK
-4.0 M ( -598.5).
* Loss after tax amounted to SEK -3.4 M (-572.2), corresponding to a loss per
share of SEK -0.02 (-5.01).
* Cash flow from operating activities amounted to SEK 99.0 M (42.8).
* The Board of Directors of RNB RETAIL AND BRANDS has entered into an
agreement concerning the divestment of its operations at the Steen & Ström
department store in Oslo.
Half-Year Report, September 1, 2009 - February 28, 2010
* Net sales totaled SEK 1 565.2 M (1 698.0), down 7.8%, currency effects
-1.6%. Sales in comparable proprietary stores declined 2.4%.
* The operating result improved with SEK 85 M to SEK 36.3 M (-548.7 including
goodwill write-down of SEK 500 M). The profit before tax amounted to SEK
30.1 M (-575.8).
* The profit after tax amounted to SEK 21.8 M (-555.6), corresponding to a
profit per share of SEK 0.14 (-4.87).
* Cash flow from operating activities amounted to SEK 83.9 M (-126.9).
* RNB has entered into an agreement concerning the divestment of its
operations at the Steen & Ström department store in Oslo.
* RNB implemented a private placement to Konsumentföreningen Stockholm and a
rights issue to existing shareholders that provided the company with about
SEK 315 M before issue costs.
Events after the end of the period
* The Board of Directors of RNB RETAIL AND BRANDS has decided to retain and
continue to operate its departments at NK in Stockholm and NK in Gothenburg.
* Through new credit agreements, the company has secured its long-term loan
financing.
For further information, please contact:
Mikael Solberg, CEO RNB RETAIL AND BRANDS +46 (0)8-410 520 20, +46 (0)768-87
20 20, e-mail: mikael.solberg@rnb.se <mailto:mikael.solberg@rnb.se>
Gunnar Bergquist, CFO, RNB RETAIL AND BRANDS +46 (0)8-410 520 01, +46 (0)768-87
20 01, e-mail: gunnar.bergquist@rnb.se <mailto:gunnar.bergquist@rnb.se>
Cecilia Lannebo, IR RNB RETAIL AND BRANDS +46 (0)8-410 520 45, +46 (0)768
87 20 45, e-mail: cecilia.lannebo@rnb.se <mailto:cecilia.lannebo@rnb.se>
RNB RETAIL AND BRANDS AB owns, operates and develops fashion, clothing,
accessories, jewelry and cosmetics stores that focus on providing excellent
service and an extraordinary shopping experience. Sales are mainly conducted in
Scandinavia through the three store concepts Brothers & Sisters, JC and Polarn
O. Pyret, as well as through shops in the department stores NK in Stockholm and
Gothenburg, Steen & Ström in Oslo and Illum in Copenhagen. RNB RETAIL AND BRANDS
has operations in 11 countries. The RNB RETAIL AND BRANDS share has been listed
on the Nasdaq OMX Nordic Exchange since 2001.
[HUG#1397978]
Interim Report September 1, 2009 - February 28, 2010
| Source: RNB RETAIL AND BRANDS AB
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