Skip to content

Interim report 1 September 2008 – 30 November 2008

First quarter, September 1, 2008 – November 30, 2008

– Net sales amounted to SEK 783.5 M (923.7), down 15.2%. Sales for comparable stores declined 9.2%.

– Operating profit amounted to SEK 40.2 M (81.5). Profit after net financial items totaled SEK 22.7 M (70.3).

– Profit after tax was SEK 16.6 M (54.8), corresponding to SEK 0.15 (0.95) per share.

– Cash flow from operating activities was a negative SEK 169.7 M (0.5).

– Action program under way to reduce costs and tied-up capital.

– A forceful action program to turn around JC is under way.

– Polarn O. Pyret and Brothers & Sisters continue to perform well.

If you have any questions about this report, please contact:

Mikael Solberg, President, Tel: +46 (0)8-410 520 20, +46 (0)768-87 20 20

Göran Blomberg, CFO, Tel: +46 (0)8-410 520 99, +46 (0)768-87 20 99

Cecilia Lannebo, Investor Relations, Tel: +46 (0)8-410 520 45,

+46 (0)768-87 20 45