Third quarter, March 1, 2011 - May 31, 2011 · Net sales totaled SEK 675 M (731), down 7.6 percent. The negative impact from the divested operations at Steen & Ström department store is -1.1 percent. Sales in comparable proprietary stores declined 6.4%. · Write-down of goodwill and JC-trademark have been made with gross SEK 431 M, net after deferred taxes SEK 368 M. · Provisions have been made for obsolescence in inventory with 58 MSEK, and for doubtful receivables with 14 MSEK. · The operating result declined with SEK 108 M to SEK -102 M (6) excluding write-down of goodwill and JC-trademark with SEK 431 M. · The profit before tax amounted to SEK -105 M (4) excluding write-down of goodwill and JC-trademark with SEK 431 M. Unrealized results on currency futures affected the quarter negatively with SEK 3M (3). · Profit after tax amounted to SEK -452 M (16), corresponding to a profit per share of SEK -2.73 (0.10). Profit after tax includes a write-down of goodwill and JC-trademark with SEK 368 M. · Cash flow from operating activities amounted to SEK -47 M (-12). The interim-report period, September 1, 2010 - May 31, 2011 · Net sales totaled SEK 2 235 M (2 296), down 2.7 percent. The negative impact from the divested operations at Steen & Ström department store is -3.0 percent. Sales in comparable proprietary stores increased 0.1 percent. · Write-down of goodwill and JC-trademark have been made with gross SEK 431 M, net after deferred taxes SEK 368 M. · Provisions have been made for obsolescence in inventory with 58 MSEK, and for doubtful receivables with 14 MSEK. · The operating result decreased with SEK 87 M, excluding write-down of goodwill and JC-trademark with SEK 431 M, and amounted to SEK -44 M (43). · The profit before tax amounted to SEK -72 M (34) excluding write-down of goodwill and JC-trademark with SEK 431 M. Unrealized results on currency futures affected the quarter negatively with SEK -5 M (9). · The profit after tax amounted to SEK -428 M (38), corresponding to a profit per share of SEK -2,58 (0.24). Profit after tax includes a write-down of goodwill and JC-trademark with SEK 368 M. · Cash flow from operating activities amounted to SEK-67 M (72). For further information, contact: Magnus Håkansson, CEO, RNB RETAIL AND BRANDS, +46 8 410 520 02, +46 768 87 20 02, magnus.hakansson@rnb.se Gunnar Bergquist, CFO, RNB RETAIL AND BRANDS, +46 8 410 520 01, +46 768 87 20 01, e-mail: gunnar.bergquist@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 and Illum in Copenhagen. RNB RETAIL AND BRANDS has operation in 11 countries. RNB RETAIL AND BRANDS has been listed on the OMX Nordic Exchange since 2001. Interim report September 1, 2010 – May 31, 2011: http://hugin.info/132993/R/1527090/462794pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: RNB Retail and Brands AB via Thomson Reuters ONE [HUG#1527090]