Herning, Denmark, 2013-03-08 08:00 CET (GLOBE NEWSWIRE) -- Third quarter of 2012/2013 (1 November 2012 to 31 January 2013)
- Revenues increased by 3.0% from DKK 243.6 million last year to DKK 251.0 million this year
- Same-store-sales (order intake) were down by 1.0%
- The gross profit margin was 43.0%, compared with 45.4% last year
- EBIT amounted to DKK 4.7 million, corresponding to an operating margin (EBIT margin) of 1.9%, versus 4.5% last year
- Nine brand stores opened and eleven closed. The chain consists of 248 stores
First three quarters of 2012/2013 (1 May 2012 to 31 January 2013)
- Revenue was DKK 775.8 million, up 3.5% on last year
- Same-store-sales (order intake) were up by 4.3%
- The gross profit margin was 43.6%, the same level as last year
- EBIT was DKK 23.0 million compared with DKK 25.2 million last year
- Profit before tax was DKK 20.0 million compared with DKK 29.9 million last year
- 19 new brand stores opened and 26 closed. There are 14 stores in the pipeline for openings
- The balance sheet total was DKK 522.5 million at 31 January 2013
- Cash flow before instalments on long term debt totalled DKK 7.2 million, compared with DKK 4.9 million last year
Forecast for the 2012/2013 financial year
The third quarter of 2012/2013 was just as much of a challenge as we predicted in the report for the first six months of the financial year. However, launching a powerful collection and making a determined marketing push on several fronts now allow us to project a moderate increase in revenue.
- Revenue growth of approx. 2% on the 2011/2012 financial year is projected
- Same-store-sales (order intake) are expected to be approx. 3% in the original guidance range of 3-5%
- New store openings are expected to be at the bottom of the guidance range of 25-30, whereas the number of closures is expected to increase, corresponding to a net reduction of approx. five stores
- EBIT% on par with the 2011/2012 financial year
For further information contact CEO Torben Paulin or CFO Hans Barslund, on tel. +45 70 13 13 66.