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Interim report 1 September 2008 – 31 May 2009

Third quarter, March 1, 2009 – May 31, 2009

  • Net sales totaled SEK 695.9 M (776.9), down 10.4%. Sales in proprietary comparable stores declined 2.3%.
  • An operating loss of SEK 36.1 M (profit: 23.8) was reported. The loss after net financial items amounted to SEK 54.9 M (profit: 6.0).
  • The loss after tax amounted to SEK 64.2 M (profit: 5.8), corresponding to a loss of SEK 0.56 (profit: 0.09) per share.
  • Cash flow from operating activities amounted to SEK 17.8 M (61.7).

The interim-report period September 1, 2008 – May 31, 2009

  • Net sales totaled SEK 2,393.9 M (2,554.7), down 6.3%. Sales in proprietary comparable stores declined 4.6%.
  • An operating loss of SEK 584.8 M (profit: 52.2) was reported, including a goodwill impairment loss of SEK 500 M in the second quarter. Accordingly, the operating loss excluding goodwill impairment for the period amounted to SEK 84.8 M. The loss after net financial items amounted to SEK 630.7 M (profit: 12.5).
  • The loss after tax amounted to SEK 619.8 M (profit: 15.6), corresponding to a loss of SEK 5.43 (earnings: 0.27) per share.
  • Cash flow from operating activities was a negative SEK 109.1 M (negative: 39.2).