Interim report for 1 January – 30 June 2016

Second quarter*

  · Net sales for continuing operations increased by 3%, amounting to SEK
1,018.5 (988.3) million
  · EBITDA for continuing operations amounted to SEK 2.3 (-6.7) million
  · Operating earnings (EBIT) for continuing operations amounted to SEK -11.8 (
-15.4) million
  · Net income after tax for continuing operations amounted to SEK -11.5 (-10.8)
million
  · Earnings per share for continuing operations amounted to SEK -0.08 (-0.07)
  · Net income after tax, including discontinued operations, amounted to SEK
-120.2 (-10.8) million
  · Excluding changes in Qliro Financial Services’ loans to the public, cash
flow from continuing operations amounted to SEK 67.2 (55.5) million

First six months*

  · Net sales for continuing operations increased by 1%, amounting to SEK
2,028.0 (2,012.7) million
  · EBITDA for continuing operations, excluding non-recurring items, amounted to
SEK -17.2 (-15.7) million
  · Operating earnings (EBIT) for continuing operations, excluding non-recurring
items, amounted to SEK -44.9 (-32.7) million
  · Net income after tax for continuing operations amounted to SEK -50.6 (-40.9)
million
  · Earnings per share for continuing operations amounted to SEK -0.34 (-0.27)
  · Net income after tax, including discontinued operations, amounted to SEK
-160.7 (-40.2) million
  · Excluding changes in Qliro Financial Services’ loans to the public, cash
flow from continuing operations amounted to SEK -188.6 (-169.6) million

*During the second quarter Qliro Group entered into an agreement to sell its
subsidiary Tretti AB. Continuing operations thus excludes Tretti, which is
recognized as a Discontinued operation in the Group’s reports regarding income
statement, financial position and cash flow. Historical comparison numbers in
income statements and cash flow statements have been adjusted accordingly.

CEO statement
Paul Fischbein, CEO comments: ”The second quarter was eventful and characterised
by positive news. We see that the actions taken to increase profitability are
showing results, not least within Nelly and Gymgrossisten. Nelly’s focus on
efficiency and profitability has resulted in a significant earnings improvement
and EBITDA improved by more than SEK 10 million compared to the second quarter
last year. Gymgrossisten also reported improved margins and the EBITDA-margin in
the second quarter increased to around 7%. Both Nelly and Gymgrossisten now have
stable foundations in place which we can continue to develop.

Another pleasing fact is that Lekmer, excluding currency effects, reported
growth in the second quarter. The quality of the warehouse operations in
Arlandastad is good and the customers have confidence in Lekmer. We have after
the end of the quarter also reached a new agreement with the third-party
supplier of warehousing services which is expected to lead to gradually
decreased fulfilment costs for Lekmer.

Within CDON Marketplace, sales generated for external merchants grew by around
35% in the second quarter. As a step in the transformation of the company, the
partnership with Adlibris was also launched in the end of the quarter. CDON
Marketplace thus continues to develop well.

The single biggest news in the quarter was that we sold Tretti for a total cash
consideration of SEK 250 million. The transaction, which is expected to be
completed during the third quarter, is important from several perspectives. We
free up capital for continued investments and increased focus on the development
of the other companies within Qliro Group and at the same time WhiteAway –
including Tretti – becomes a client and partner to both Qliro Financial Services
and CDON Marketplace.

Qliro Financial Services continues to develop in line with our expectations.
Total operating income increased by 111% in the quarter and the company improved
its result. Thus, we see continued positive development and progress within
Qliro Financial Services, and look forward to the launch in Norway and the
introduction of additional financial services when the company receives approval
from Finansinspektionen (the Swedish Financial Supervisory Authority) to become
a credit market company. Our estimate is that the license will be received in
the second half of 2016. Additionally, we have entered into partnership
agreements with new external merchants and recently introduced a new exciting
product in the market – Qliro One, a complete checkout solution for digital
commerce.

This is my last interim report as CEO of Qliro Group, and I can conclude that
the actions we have taken are paying off. The companies’ earnings improvements,
and the addition of the funds from the sale of Tretti, entail that we have a
strong financial foundation and position in place for the future. I would like
to thank all customers, shareholders, colleagues and partners for the trust you
have shown and on 1 August I hand over the role as CEO to Marcus Lindqvist”.

For additional information, please visit www.qlirogroup.com or contact:

Paul Fischbein, President and Chief Executive Officer
Tel: +46 (0) 10 703 20 00

Nicolas Adlercreutz, CFO
Tel: +46 (0) 70 587 44 88

Press, investor and analyst enquiries:
Erik Löfgren, Head of Communications
Tel: +46 (0) 700 80 75 06
press@qlirogroup.com, ir@qlirogroup.com

About Qliro Group
Qliro Group is a leading e-commerce group in the Nordic region. Established in
1999, the Group has expanded its product portfolio and is now a leading e
-commerce player within consumer goods and lifestyle products through CDON.com,
Lekmer, Nelly (Nelly.com, NLYman.com, Members.com), Gymgrossisten
(Gymgrossisten.com/Gymsector.com, Bodystore.com, Milebreaker.com) and Tretti.
The payment service solution Qliro is also part of the Group. In 2015, the Group
generated revenue of SEK 5.2 billion. Qliro Group’s shares are listed on the
Nasdaq Stockholm MidCap list under the ticker symbol “QLRO”.

This information is information that Qliro Group AB is obliged to make public
pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The
information was submitted for publication, through the agency of the contact
persons set out above, at 08:00 CET on 14 July 2016.