Trading update for Q3 2013/14

Company announcement 34

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| Source: Matas A/S
multilang-release

Allerød, 2014-01-07 20:30 CET (GLOBE NEWSWIRE) -- In this trading update, Matas A/S provides an update on revenue performance in the third quarter of the 2013/14 financial year, which includes the Christmas trade. The update also includes a comment on earnings in October and November 2013. 

The good performance continued in the third quarter of 2013/14, and our guidance for revenue and earnings for the full year 2013/14 is retained.

Total revenue for Q3 2013/14 (three months ended 31 December 2013) was DKK 1,019 million, which was 6.6% higher than in the same period of 2012/13. The like-for-like growth rate for our own stores was 5.5% in Q3 2013/14. This brings the like-for-like growth rate for the first nine months of 2013/14 to 4.1%.

The EBIT margin achieved in October and November 2013 was in line with expectations. The figure for December 2013 is not yet available. A revaluation of Club Matas points capitalized on the balance sheet is expected to a have small negative effect on the EBIT margin in Q3 2013/14.

The date of release of the interim report for Q3 2013/14 is still 21 February 2014.

 

Matas A/S