Lindex Interim Report for the First Quarter.STOCKHOLM, Sweden -- The Lindex Group (STO:LDEX LDEX Landing Exercise ): * The Lindex Group's sales amounted to SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1,289M (1,307), equivalent to a change of -1.4 (-1.7) per cent. In local currencies total sales increased with 0.9 per cent. Same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of fell by 3.8 per cent (3.4), in local currencies -1.4 per cent (0.2). * Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. amounted to SEK 132M (160) and profit after financial items to SEK 130M (160). The EBITA EBITA Earnings Before Interest Taxes Amortization result in the Group amounted to SEK 132M (160). * The operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: amounted to 10.2 (12.2) per cent. The gross margin amounted to 60.1 (60.5) per cent. The EBITA margin in the Group amounted to 10.2 (12.2) per cent. * Profit after tax amounted to SEK 97M (188), equivalent to SEK 1.40 (2.70) per share. After the reporting period * Following the unsatisfactory development of the company's operation in Germany, Lindex has decided to sell its German stores. The CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. comments: "In the Swedish market, where we have progressed farthest in our brand development and where the confidence in Lindex as a fashion company is greatest, sales have been good. A strong brand makes us less influenced by external factors such as the weather. We will, therefore, continue our investment aimed at further strengthening our positions as a fashion company." "We have had a positive development within Children's Wear and Lingerie while the development within Ladies' Wear has not been satisfactory. Among other things we had a lack of change-over garments between the summer and autumn seasons at the beginning of the autumn, which affected sales." "The operation in Germany has not achieved the set targets and we are now of the opinion that the return on new investments has a significantly greater potential in Eastern Europe. Our establishments in the Baltic States have been successful and we will open stores in the Czech Republic during the next financial year." Goran Bille, President and CEO This information was brought to you by Waymaker http://www.waymaker.net |
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