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2009 12-18 Q1 2009/2010 Results
 

2009 12-18 Q1 2009/2010 Results

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    2009 12-18 Q1 2009/2010 Results 2009 12-18 Q1 2009/2010 Results Presentation Transcript

    • Christian W. Jansson• Q1 2009/2010 CEO• Market situation• Conclusions• Questions Håkan Westin CFO 1/13
    • Sept to Nov 2009• Best first quarter ever• Strong gross margin• Good cost control• Weak like-for-like• 18 new stores• The Czech Republic 2/13
    • !" # 3/13
    • 150 55• 337 stores• 18 new stores during Q1 95 Oslo• Helsinki The Czech Republic Stockholm• Significant contribution from new stores in sales and profit• 35 new stores under contract Warsaw 36 Prague 1 4/13
    • $ Sept to Nov 2009• Net sales MSEK 1 344 (1 266), an increase of 6 percent• Operating profit MSEK 207 (176), an increase of 18 percent• Gross margin 65,0 (64.3) percent and operating margin 15,4 (13.9) percent• Net profit MSEK 178 (113), equivalent to SEK 2,37 (1.51) per share• Cash flow from continuing operations MSEK 133 (127) 5/13
    • % # # Sept to Nov 2009MSEK 2009/10 2008/09Net sales 1344 1266Cost of goods sold -470 -452Gross profit 874 814Selling expenses -630 -605Administrative expenses -37 -33Operating profit 207 176Financial income - -Financial expense -18 -19Profit before tax 189 157Tax expense -11 -44Net profit 178 113 6/13
    • & " Sept to Nov 2009MSEK 2009/10 2008/09Cash flow from continuing operations 224 194before changes in working capitalChanges in working capital -91 -67Cash flow from continuing operations 133 127Cash flow from investment activities -80 -104Cash flow after investments 53 23Change bank overdraft facility -56 -31Cash flow for the period -3 -8 7/13
    • Sept to Nov 2009 MSEK %Net sales Q1 2008/09 1 266New stores net +6.3Like For Like -1.4Currency effect +1.3Net sales Q1 2009/10 1 344 +6.2 8/13
    • ( Sept to Nov 2009Sales 106 %Gross profit 107 %Costs 105 %Operating income 118 % 9/13
    • # )• The consumers slightly more positive• Growing unemployment• A strong and stable concept helps in an unstable market 10/13
    • (• Strong gross margin• Weak like-for-like• Cost containment• Expansion plans continues• Strong business concept – proven long term stability 11/13
    • * 12/13
    • + #• These materials may not be copied, published, distributed or transmitted to third parties.• These materials may contain forward-looking statements. If so, such statements are based on our current expectations and are subject to risks and uncertainties that could negatively affect our business. Please read our earnings report and our most recent annual report for a better understanding of these risks and uncertainties.• These materials do not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities, nor shall part, or all, of these materials or their distribution form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities. These materials and the information contained herein are not an offer of securities for sale in the United States and are not for publication or distribution to persons in the United States. 13/13