2. Disclaimer
These materials may not be copied, published, distributed or
transmitted to third parties.
These materials may contain forward-looking statements. If so, such
statements are based on our current expectations and are subject to
risks and uncertainties that could negatively affect our business.
Please read our earnings report and our most recent annual report
for a better understanding of these risks and uncertainties.
These materials do not constitute or form part of any offer or
invitation to sell or issue, or any solicitation of any offer to purchase
or subscribe for, any securities, nor shall part, or all, of these
materials or their distribution form the basis of, or be relied on in
connection with, any contract or investment decision in relation to
any securities. These materials and the information contained herein
are not an offer of securities for sale in the United States and are not
for publication or distribution to persons in the United States.
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3. Third Quarter Report
March 1 to May 31, 2008
Agenda
Introduction
Q3 2007/08
Highlights
Income Statement
Sales Christian W. Jansson,
President & CEO
Profitability drivers
Q1-Q3 2007/08
Highlights
Income Statement
Sales
Sales breakdown
Profitability drivers
Cash flow
Property acquisition Håkan Westin,
Future approach CFO
Key conclusions
3
4. Third Quarter Report
March 1 to May 31, 2008
Consistent development
Net sales MSEK 1140 (1106)
Operating profit MSEK 145 (132)
Christian W. Jansson,
President & CEO
Håkan Westin,
CFO
4
7. Financial Highlights Q3
March 1 to May 31, 2008
Net sales MSEK 1 140 (1 106), an increase of 3.1 percent.
Operating profit MSEK 145 (132). Excluding one-offs, an
increase of 12.4 percent.
Gross margin 63.8 (62.3) percent and operating margin 12.7
(11.9) percent.
Profit after taxes MSEK 112 (79), equivalent SEK 1.49 (1.05)
per share.
Cash flow from continuing operations MSEK 221 (136).
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8. Income Statement Q3
MSEK Mar-May 2007/08 2006/07
07/08
Net sales 1 140 1106
1140
Cost of goods sold -413 -417
-413
Gross profit 727 689
-727
Selling expenses -547 -528
Administrative expenses -35
-521 -32
Other operating income -36 3
Operating profit 145 0 132
Financial income 24 11
Financial expense 118
-21 -32
Profit before tax 148 3 111
Tax expense -36 -32
-18
Net profit 112 79
103
-29
74
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9. Sales Q3
Mar-May MSEK %
Net sales Q3 2006/07 1 106
Currency effect +1.6
New net stores +2.0
Like For Like -0.5
Net sales Q3 2007/08 1 140 +3.1
End of period stronger than beginning
Successful product launch for Number One and
Comp.
Successful relaunch of Kaxs
9
17. Cash flow, Q1-Q3
MSEK Sep-May 2007/08 2006/07
Cash flow from continuing operations
522 464
before changes in working capital
Changes in working capital 78 -15
Cash flow from continuing operations 600 449
Cash flow from investment activities -644 -210
Cash flow after investments -44 239
Change bank overdraft facility 675 60
Redemption of shares /Dividend -825 -188
Other from financial activities 166 -66
Cash flow for the period -28 45
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