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Interim report 1 September 2011 – 28 February 2012

Second quarter, December 1, 2011 – February 29, 2012

  • Net sales totaled SEK 754 M (772), down 2.4 percent. Sales in comparable proprietary stores were unchanged during the quarter.
  • The operating profit, excluding JC's operations in Norway, declined by SEK 28 M to SEK -9 M (19).
  • JC’s operations in Norway which is being closed, have had a negative impact on operating profit with SEK -16 M (-8).
  • The profit before tax amounted to SEK -42 M (-7). Excluding JC's operations in Norway the profit amounted to SEK -26 M (0). Unrealized results on currency futures affected the quarter with SEK -5 M (-10).  
  • Profit after tax amounted to SEK -20 M (-10), corresponding to a profit per share of SEK – 0.12 (-0.06).
  • Cash flow from operating activities amounted to SEK 37 M (15).

Half-Year report, September 1, 2011 – February 29, 2012

  • Net sales totaled SEK 1 508 M (1 560), down 3.3 percent. Sales in comparable proprietary stores declined 1.6 percent.
  • The operating profit, excluding JC's operations in Norway, declined by SEK 56 M to SEK 15 M (71).
  • JC’s operations in Norway which is being closed, have had a negative impact on profit with SEK -55 M (-13). In the upcoming third quarter, a maximum of SEK 4 M to come in ongoing operating losses to complete the closure.
  • The profit before tax amounted to SEK -60 M (33). Excluding JC's operations in Norway the profit amounted to SEK -5 M (46). Unrealized results on currency futures affected the quarter up with SEK 1 M (-8).  
  • Profit after tax amounted to SEK -47 M (24), corresponding to a profit per share of SEK – 0.28 (0.15).
  • Cash flow from operating activities amounted to SEK 21 M (-19).