Lingerie specialist Lindex strongest quarter so far
15 Sep '07
3 min read
• The operating margin amounted to 9.0 (11.5) per cent and the gross margin to 59.2 (59.0) per cent.
• The EBITA result, excluding the closed German operation, amounted to SEK 608M, equivalent to an EBITA margin of 12.0 per cent.
• Profit after tax, including the German operation, amounted to SEK 303M (504), equivalent to SEK 4.40 (7.30) per share.
The CEO comments:
"In Lindex, we are obviously proud that our extensive work throughout the organisation has resulted in Lindex's strongest quarter ever, with a profit in operations amounting to SEK 204 M."
"Our product range, especially in ladies' wear but also in children's clothing, has had the biggest single impact on the results. We have also implemented a culture change in Lindex relating to seasonal change-overs and have succeeded in achieving an excellent fashion range early in the season. This has had a very positive effect on the results and will continue to do so in the future."
"We note with satisfaction that we already report results on a par with our financial target for the 2008/2009 financial year. The gross margin for the full year increased to 59.2 per cent and the EBITA margin for the fourth quarter, excluding Germany, rose to 14.9 per cent."
marketing@alchempro.com
