Children's clothing & lingerie develops satisfactorily in Q2 - Lindex CEO
29 Mar '07
3 min read
The Lindex Group announced the Interim Report for the second quarter.
First six months 2006/2007 (1 September 2006-28 February 2007) - The Lindex Group's sales amounted to SEK 2,554M (2,581), equivalent to a change of -1.1 (-1.5) per cent. Same store sales excluding the currency effect fell by 1.8 (+0.9) per cent. - Closure costs for the stores in Germany are estimated to amount to SEK 90M, which is charged to the period's profit. Approximately SEK 70M affects the cash flow. During the closure period, which will continue during the remainder of the financial year, current operating losses will be added. - Operating profit excluding forecast closure costs relating to the German operation amounted to SEK 239M (308). - Operating profit including forecast closure costs of SEK 90M amounted to SEK 149M (308). Profit after financial items amounted to SEK 143M (311). The EBITA result in the Group amounted to SEK 149M (308). - The operating margin including forecast closure costs amounted to 5.8 (11.9) per cent and the gross margin to 59.3 (59.6) per cent. The EBITA margin in the Group amounted to 5.8 (11.9) per cent. - Profit after tax amounted to SEK 80M (293), equivalent to SEK 1.20 (4.30) per share.
Second quarter 2006/2007 (1 December 2006-28 February 2007) - The Lindex Group's sales amounted to SEK 1,265M (1,274), equivalent to a change of -0.7 (-1.3) per cent. Same store sales excluding the currency effect fell by 2.1 (+1.7) per cent.
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