INTERIM REPORT FOR THE NINE MONTHS ENDED 31 JANUARY 2012 OF BOCONCEPT HOLDING A/S

BoConcept translated stable market conditions into excellent progress in same-store-sales, order intake and market share in several of its principal markets in the third quarter of 2011/2012. Although the retail trade is still highly volatile, optimism is rising in BoConcept's franchise chain, and the forecast for the 2011/2012 financial year is maintained.

| Source: BoConcept Holding BoConcept Holding

Herning, Denmark, 2012-03-07 07:59 CET (GLOBE NEWSWIRE) -- Third quarter 2011/2012 (1 November to 2011 to 31 January 2012)

  • Revenue was DKK 243.6 million, down by 2.4% on the corresponding period last year
  • Same-store-sales (order intake) were up by 9.2%
  • The operating margin (EBIT percentage) was 4.5%, compared with 4.0% the year before
  • The pipeline of new stores has grown - the group has opened twelve new stores and closed six

 Year to date (1 May 2011 to 31 January 2012)

  • Revenue was DKK 749.5 million, representing decline at the rate of 0.5% (but growth at 0.5% at unchanged exchange rates) compared with the same period last year
  • Same-store-sales (order intake) were up by 3.0%
  • The gross profit margin was 43.6%, compared with 41.9% last year
  • The operating margin (EBIT percentage) was 3.4% versus 3.7% last year
  • Profit before tax was DKK 29.9 million compared with DKK 25.9 million last year
  • 20 new brand stores have been opened and 18 closed since the beginning of the financial year
  • The balance sheet total was DKK 555.8 million at 31 January 2012, versus DKK 529.9 million last year
  • Cash flow for the reporting period was an inflow of DKK 4.9 million before repayment of long-term debt, compared with a cash outflow of DKK 22 million last year

 Forecast for the 2011/2012 financial year

After a satisfactory third quarter, the company's management is now able to release a more detailed version of its most recent forecast of same-store-sales and revenue for the 2011/2012 financial year.

  • Group revenue is predicted to grow by approx. 2% (unchanged exchange rate)
  • Same-store-sales (order intake) are expected to be 3%
  • The group expects to open approx. 25 new stores
  • The operating margin (EBIT percentage) will be about 3-4%
  • Cash flow before repayment of long-term debt will be approximately 1% of revenue
     

 

         For further information contact President and CEO Viggo Mølholm or Vice President and CFO Hans Barslund on telephone +45 70 13 13 66

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