Year-end report 1 September 2011 – 31 August 2012

Regulatory RNB

Fourth quarter, June 1, 2012 – August 31, 2012

  • Net sales totaled SEK 671 M (731), down 8.3 percent. Sales in comparable proprietary stores declined 3.4 percent during the quarter.
  • Write-down of goodwill in Brothers & Sisters have been made with SEK 201 M.
  • The operating profit, excluding write-down of goodwill, improved by SEK 6 M and amounted to SEK -29 M (-35). Provision for the Company's claims in the bankruptcy of Panaxia was have been made with SEK 6 M, which is the company's total exposure in the bankruptcy.
  • JC’s operations in Norway which has been closed, impacted operating profit with SEK 0 M (-6) during the fourth quarter.
  • The profit before tax and before write-down of goodwill amounted to SEK -57 M (-32). Unrealized results on currency futures affected the quarter with SEK -8 M (7).  
  • Profit after tax amounted to SEK -250 M (-18), corresponding to a profit per share of SEK -1.51 (-0.11).
  • Cash flow from operating activities amounted to SEK -12 M (49).

The interim-report period, September 1, 2011 – August 31, 2012

  • Net sales totaled SEK 2 791 M (2 966), down 5.9 percent. Sales in comparable proprietary stores declined 2.0 percent.
  • Write-down of goodwill in Brothers & Sisters have been made with SEK 201 M (last year write-down of goodwill and JC-trademark was made with gross SEK 431 M, net after deferred taxes SEK 368 M).
  • The operating profit, excluding last year’s write-down of goodwill and trademark of SEK 431 M, declined SEK 24 M and amounted to SEK -102 M (-78).
  • JC’s operations in Norway which has been closed, have had a negative impact on profit with SEK -62 M (-63).
  • The operating profit, excluding JC’s operations in Norway and excluding last year’s write-down of goodwill and trademark (SEK 431 M), amounted to SEK -40 M (-15).
  • The profit before tax amounted to SEK -159 M (-103 excluding write-down of goodwill and trademark). Excluding JC's operations in Norway the profit amounted to SEK -96 M (-40). Unrealized results on currency futures affected the quarter with SEK -2 M (2).
  • Profit after tax amounted to SEK -329 M (-445), corresponding to a profit per share of SEK – 1.99 (-2.69).
  • Cash flow from operating activities amounted to SEK -4 M (-18).

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