Interim report 1 September 2012 – 31 May 2013

Regulatory RNB

Third quarter, March 1, 2013 – May 31, 2013

  • Net sales totaled SEK 609 M (613), down by 0.7 percent.
  • The operating result amounted to SEK -27 M (-34).
  • The profit before tax amounted to SEK -30 M (-42).
  • Profit after tax amounted to SEK -30 M (-32), corresponding to a profit per share of SEK -0.01 (-0.19).
  • Cash flow from operating activities amounted to SEK -44 M (-13).
  • The rights issue amounting to SEK 463 M has been completed. Net funds from the issue have been utilized for loan repayments as well as strengthening the company’s cash position. Annual interest expenses will be reduced from SEK 65 M to estimated
    SEK 10 M.
  • Kosta Outlet Mode AB has been acquired by Airport Retail Group. The transaction was completed on June 1, 2013, and will generate a significant positive cash flow effect on the second half of the accounting year.
  • 23 shops in JC, 16 in Sweden and 7 in Finland, will be closed this year (up to Q2 2013/14)
  • 4 new stores opened (excl. overtaken and closed stores).

The period, September 1, 2012 – May 31, 2013

  • Net sales totaled SEK 1.978 M (2.121), down by 6.7 percent.
  • Write-down of JC-trademark has been made with SEK 260 M.
  • The operating profit amounted to SEK -55 M (-74), excluding write-down of JC-trademark with
    SEK 260 M.
  • The profit before tax amounted to SEK -81 M (-101), excluding write-down of JC-trademark with
    SEK 260 M.
  • Profit after tax amounted to SEK -341 M (-79), corresponding to a profit per share of SEK -0.43 (-0.48). Profit after tax includes a write-down of JC-trademark with SEK 203 M.
  • Cash flow from operating activities amounted to SEK -85 M (8).
  • The rights issue amounting to SEK 463 M has been completed. Net funds from the issue have been utilized for loan repayments as well as strengthening the company’s cash position.
  • The closure of Sisters is in process, and will be completed by quarter 2, 2013/14.
  • Kosta Outlet Mode AB has been acquired by Airport Retail Group. The transaction was completed on June 1, 2013.
  • 23 shops in JC, 16 in Sweden and 7 in Finland, will be closed this year (up to Q2 2013/14)
  • 13 new stores opened (excl. overtaken and closed stores).

For further information, please contact:

Magnus Håkansson, CEO, RNB RETAIL AND BRANDS,
+46 8 410 520 02, +46 768 87 20 02, e-mail:  magnus.hakansson@rnb.se

Stefan Danieli, CFO, RNB RETAIL AND BRANDS,
+46 8 410 522 25, +46 768 87 22 25, e-mail: stefan.danieli@rnb.se

RNB RETAIL AND BRANDS owns, operates and develops fashion, clothing, accessories, jewelry and cosmetics stores that focus on providing excellent service and a world-class shopping experience. Sales are mainly conducted in Scandinavia through the three store concepts Brothers & Sisters, JC and Polarn O. Pyret, as well as through shops in the department stores NK in Stockholm and Gothenburg. RNB RETAIL AND BRANDS has operation in 11 countries. RNB RETAIL AND BRANDS has been listed on the OMX Nordic Exchange since 2001.

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