POLARN O. PYRET SHOWS STRENGTH
Operating income was SEK 2 M in the third quarter, an improvement of SEK 2 M year-on-year. Continued earnings growth in Polarn O. Pyret offset slightly lower earnings in the Brothers business area and a clear downturn in Departments & Stores. Rolling 12-month EBITDA increased to SEK 117 M.
THIRD QUARTER, MARCH 1, 2017 – MAY 31, 2017, IN SUMMARY
- Sales for comparable stores in Sweden increased by 3.1 percent in the quarter, below the market downturn of 1.1 percent.
- Net sales were SEK 492 M (489), up 0.6 percent.
- Operating income increased to SEK 2 M (0).
- Operating income before amortization for the last 12-month period was SEK 117 M (89), up 33 percent.
- Profit after tax was SEK -12 M (-10), of which market valuation of currency hedges SEK -9 M (-8).
- Earnings per share was SEK -0.35 (-0.30).
- Cashflow from operating activities was SEK 11 M (10).
THE PERIOD, SEPTEMBER 1, 2016 – MAY 31, 2017, IN SUMMARY
- Sales for comparable stores in Sweden decreased by 1.2 percent, above the market downturn of 1.9 percent.
- Net sales were SEK 1,666 M (1,618), up 3.0 percent.
- Operating income increased to SEK 59 M (30).
- Operating income before amortization was SEK 95 M (66).
- Profit after tax was SEK 43 M (15), of which market valuation of currency hedges SEK -4 M (-7).
- Earnings per share was SEK 1.27 (0.46).
- Cashflow from operating activities was SEK 74 M (46).