MQ Holding AB – Interim Report

A weak quarter with a stable end
On 3 December, MQ informed the market in advance of the sales result and
earnings range for the first quarter. The result for the quarter was in line
with this information.

First quarter (September 2012-November 2012)

  · Net sales amounted to SEK 364 million (380), down 4.0 per cent. Sales in
comparable stores declined 6.6 per cent (The Swedish Retail Institute Index was
up 0.5 per cent).
  · The gross margin was 60.5 per cent (62.5).
  · Operating profit totalled SEK 21 million (42), corresponding to an operating
margin of 5.8 per cent(10.9).
  · Profit after tax amounted to SEK 13 million (28), corresponding to SEK 0.38
(0.80) per share after dilution.
  · Cash flow from operating activities was negative in an amount of SEK 5
million (34).
  · Inventory amounted to SEK 252 million (276), which was SEK 24 million less
than in the preceding year.

Events during the first quarter

  · Two new stores were opened in Sweden, Karlskoga and Malmö Emporia
  · One new store was opened in Norway, Jessheim
  · Two stores were upgrade and transferred to better locations, Vällingby and
Hudiksvall
  · Media investments increased SEK 10 million compared with the preceding year.
  · A new savings program corresponding to SEK 15 million was launched. Total
savings corresponding to SEK 35 million remain to be realised during the
remainder of the financial year.

Events after the end of the reporting period

  · No significant events took place after the end of the reporting period.

Contact

For further information, please contact:
Mats Gärdsell; CEO: +46 (0)31-38 88 010
Tony Siberg, Deputy CEO and CFO: +46 (0)31-38 88 401

MQ is one of Sweden’s leading retailers of fashion brands. Through a select mix
of proprietary and external brands, MQ offers men’s and women’s clothes with a
high fashion content in attractive stores. The store chain currently comprises
119 stores and the aim is to establish MQ as the leading retailer of fashion
brands in the Nordic region. The MQ share has been listed on NASDAQ OMX
Stockholm since 18 June 2010. For more information, please visit our website at
www.mq.se.