Year-end report September 1, 2011 – 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).

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
Gunnar Bergquist, CFO, RNB RETAIL AND BRANDS,
+46 8 410 520 01, +46 768 87 20 01, e-mail: gunnar.bergquist@rnb.se

The information is such that RNB RETAIL AND BRANDS AB (publ) is required to disclose in accordance with the Swedish Financial Instruments Trading Act and/or the Swedish Securities Market Act. The information was submitted for publishing at 07:00 a.m. on October 24, 2012.

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 10 countries. RNB RETAIL AND BRANDS has been listed on the OMX Nordic Exchange since 2001.

Year-end report September 1, 2011 – August 31, 2012

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This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

Source: RNB Retail and Brands AB via Thomson Reuters ONE
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