Third quarter of 2014/2015 (1 November 2014 to 31 January 2015)
- Revenue was DKK 277.1 million, up by 8.9% from the previous year
- Same-store-sales (order intake) rose by 16.7%
- The gross profit margin was 41.7%, compared with 44.1% last year
- Scheduled special expenses of DKK 6.1 million for strategic transformation
- EBIT was DKK 6.5 million (DKK 12.6 million before special expenses), corresponding to an EBIT percentage of 2.4
- Six new brand stores opened and six closed, i.e. the number of stores in the chain remains unchanged at 262
First nine months of 2014/2015 (1 May 2014 to 31 January 2015)
- Revenue was DKK 837.1 million, up 6.9% on the same period last year
- Same-store-sales (order intake) were up by 11.9%
- The gross profit margin was 40.7%, compared with 42.8% last year
- Scheduled special expenses for strategic transformation totalled DKK 63.9 million
- EBIT was DKK 56.3 million in the negative (DKK 7.6 million before special expenses)
- 17 stores opened and 21 closed in the year to date
- The balance sheet total was DKK 553.3 million at 31 January 2015
- Cash flow before instalments on non-current debt was an outflow of DKK 19.9 million, compared with an outflow of DKK 81.4 million last year
Forecast for the 2014/2015 financial year fine tuned
We are in the process of implementing the first stages of the strategic transformation of our business model, primarily closing and refranchising the worst performing stores, and this work is progressing according to plan. In view of the favourable developments during the third quarter of 2014/2015, we are fine-tuning our predictions for the 2014/2015 financial year as follows:
- Revenue growth of about 5-6% (previously 3-5%)
- Operating profit (EBIT) before special expenses (previously at break-even)
- Special operating expenses totalling DKK 70 million
For further information, please telephone President and CEO Torben Paulin or CFO Hans Barslund on +45 7013 1366.
