Fashion retailer Lindex AB has reported financial results for 2005/06.
For the nine-months to May 31, Lindex Group's sales increased by 7.6 percent excluding the divested Twilfit chain. Including Twilfit, sales rose by 1.1 (-4.3) percent to SEK 3,903 million (3,861). Same stores sales, excluding the currency effect, rose by 3.4 percent.
The operating margin increased to 11.6 (7.7) percent and the gross margin amounted to 60.0 (57.8) percent.
Operating profit before financial items, taxes and write-down, if any, of brand names and goodwill, EBITA, grew strongly and amounted to SEK 454 million (298). This resulted in an EBITA margin of 11.6 (7.7) percent.
Profit after tax amounted to SEK 400 million (203), equivalent to SEK 5.80 (3.00) per share. The cash flow from current operations amounted to SEK 477 million (264).
For the third quarter to May 31, Lindex Group's sales increased by 13.5 percent excluding the divested Twilfit chain. Including Twilfit, sales rose by 6.6 (-3.3) percent to SEK 1,322 million (1,240). Same stores sales, excluding the currency effect, rose by 8.7 percent.
Profit after financial items rose to SEK 145 million (108), up 34 percent. The EBITA result increased to SEK 146 (108). This amounted to an EBITA margin of 11.0 (8.7) percent.
The operating margin increased to 11.0 (8.7) percent and the gross margin amounted to 60.7 (59.7) percent. Profit after tax amounted to SEK 107 million (78), equivalent to SEK 1.60 (1.10) per share.
Lindex AB inspires women and their children with co-ordinated and value-for-money fashion. With around 350 stores in Sweden, Norway, Finland, Germany, Estonia and Latvia, Lindex is one of the largest fashion chains in Northern Europe. Its business areas are Lingerie, Ladies' Wear and Children's Clothing.
marketing@alchempro.com
