Interim report 1 September 2014 - 31 May 2015 The Groups

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Interim report 1 September 2014 - 31 May 2015

The Group´s performance 2014/2015 RNB RETAIL AND BRANDS’ positive trend of profit improvements is continuing. For the third quarter 2014/2015, RNB reports operating income of SEK -4 M, an improvement of SEK 11 M (excluding impairment losses) compared to the preceding year. The third quarter 2014/2015 was the company’s fifth consecutive quarter with better sales than the market. The sales increase during the quarter for the three concepts’ comparable stores amounted to between 5 and 10 percent and to 8.8 percent for the Group overall. THIRD QUARTER, MARCH 1, 2015 – MAY 31, 2015 IN SUMMARY · Sales in comparable stores increased during the quarter by 8.8 percent, compared to the market’s decrease of 2.8 percent (Swedish Retail and Wholesale Trade Research Institute (HUI)). · Net sales amounted to SEK 485 M (442). · Operating income totaled SEK -4 M (-166, including impairment of goodwill of 151). · The loss before tax amounted to SEK -8 M (-169). · The loss after tax amounted to SEK -8 M (-169), correspon- ding to SEK -0.25 ( -4.99) per share. · Cash flow from operating activities was SEK 40 M (-22). New stores were established in Karlstad and in Värmdö. THE PERIOD, SEPTEMBER 1, 2014 – MAY 31, 2015 IN SUMMARY · Net sales amounted to SEK 1,573 M (1,538, including divested operation, JC). · Operating income totaled SEK 36 (-154, including divested operation, JC), corresponding to an operating margin of 2.3 percent (-10.0). · Operating income for the latest 12-month period totaled SEK 40 M. · Profit before tax amounted to SEK 36 M (-164, including divested operation, JC). · Profit after tax amounted to SEK 36 M (-165), including divested operation, JC), corresponding to SEK 1.07 (-4.86) per share. · Cash flow from operating activities was SEK 87 M (1). · During the second quarter, RNB entered into an agreement on possible extension of the business financing (SEK 200 M) from the company’s main owner, Konsumentföreningen Stockholm. The agreement implies a possibility to extend the financing by one year, from 2016 to 2017. For further information, please contact: Magnus Håkansson, CEO, RNB RETAIL AND BRANDS, 46 8 410 520 02, 46 768 87 20 02, e-mail:  magnus.hakansson@rnb.se Kristian Lustin, CFO, RNB RETAIL AND BRANDS, 46 8 410 524 63, 46 768 87 24 63, e-mail: kristian.lustin@rnb.se (stefan.danieli@rnb.se) The information is such that RNB RETAIL AND BRANDS AB (publ) is required to disclose in accordance with the Swedish Financial Instruments Trading Act and/or the Swedish Securities Market Act. The information was submitted for publishing at 07:30 a.m. on June 23, 2015. RNB RETAIL AND BRANDS owns, operates and develops fashion, clothing, accessories, jewelry and cosmetics stores that focus on providing excellent service and a world-class shopping experience. Sales are mainly conducted in Scandinavia through the store concepts Brothers and Polarn O. Pyret, as well as through shops in the department stores NK in Stockholm and Gothenburg. RNB RETAIL AND BRANDS has operations in 11 countries. RNB RETAIL AND BRANDS has been listed on the Nasdaq Stockholm Exchange since 2001.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Top 5 Most Recently Viewed Articles

Join Aktia's Exciting Investor Event This February

Updated Category News Views 106

Join Aktia's Exciting Investor Event This February Aktia Bank Plc is thrilled to invite investors, analysts, and media to its upcoming investor event. Set to take place on a date in February, this gathering offers a valuable opportunity for attendees to engage with the company’s leadership team and gain insights into Aktia’s strategic direction and future goals. Event...

Continue Reading
CVPR 2026: AI Frontier Expands with 16,000+ Papers

Updated Category News Views 11

When you hear that a tech conference pulled in over 16,000 paper submissions—even in the technical ivory tower that's AI—you've got to sit up and take notice. CVPR 2026, one of the biggest ticket events in the AI calendar, is running the show in Denver this year with gusto, posting a 24% spike in submissions over 2025. They've whittled it down to a tight 4,089 papers,...

Continue Reading
Earnings Week Highlights: Investors Eye Upcoming Reports

Updated Category News Views 275

Anticipated Earnings for the Week As we step into a week of earnings reports, numerous investors are gearing up to analyze the performance of key companies from various sectors including retail and technology. This week, we focus on significant upcoming reports, notably from discount retailers and cybersecurity firms, and major tech giants. Monday’s Earnings...

Continue Reading
CRO Services Market Growth Driven by Innovation and Demand

Updated Category News Views 168

CRO Services Market Growth Forecast The CRO Services Market is witnessing a remarkable transformation as pharmaceutical and biotechnology companies increasingly utilize the expertise of Contract Research Organizations (CROs). With a projected market value of USD 188.54 billion by the end of the forecast period, the industry is anticipated to grow at a compound annual...

Continue Reading
Desmond Bryant's Journey with Miami's Innovative Wellness Program

Updated Category News Views 316

Miami's Unique Wellness Experience for Executives At a Miami wellness startup, elite athletes and C-suite executives embark on a profound journey towards personal transformation. This innovative experience begins with a 90-minute guided hike through a picturesque nature preserve, allowing participants to disconnect from the daily grind and reconnect with themselves. This...

Continue Reading