BOCONCEPT HOLDING A/S' QUARTERLY REPORT – Q3 2015/2016

Improved performance in franchise stores, improved efficiency and a positive foreign exchange rate effect ensure continued progress for BoConcept in the third quarter of 2015/2016. We are making another upward adjustment to expected earnings in the 2015/2016 financial year, while continuing to focus on optimisation and growth.


Third quarter of 2015/2016 (1 November 2015 to 31 January 2016):

  • Revenue was DKK 289.4 million, up by 4.4% on last year
  • Same-store-sales (order intake) were up by 11.4%
  • The gross margin ratio was 43.4%, compared with 41.7% last year
  • EBIT amounted to DKK 32.3 million, corresponding to an EBIT% of 11.1%, compared with last year's EBIT% before special items of 4.5% 
  • After the opening of four new brand stores and the closure of five, the total number of stores in the chain was 255 at 31 January 2016

 

First nine months of 2015/2016 (1 May 2015 to 31 January 2016):

  • Revenue was DKK 927.2 million, up by 10.8% on last year
  • Same-store-sales (order intake) were up by 14.0%
  • The gross margin ratio was 41.8%, compared with 41.1% last year
  • EBIT was DKK 101.4 million, corresponding to an EBIT% of 10.9%
  • The balance sheet totalled DKK 555.1 million at 31 January 2016
  • Cash flow before instalments on long-term debt was an inflow of DKK 110.2 million, compared with an outflow of DKK 19.9 million last year

 

Forecast for the 2015/2016 financial year:

As a result of increased revenues, generally improved performance in the chain and BoConcept's efficiency improvements, the favourable earnings and cash flow trends continued in the third quarter of the 2015/2016 financial year. Against this background, we make the following upward adjustment of our forecast for the 2015/2016 financial year:

  • Revenue growth at about 8% (previously: approx. 7-8%)
  • EBIT% in the region of 9% (previously: 7-8%)

Attachments

Kvartalsrapport Q3_2_uk.pdf