BoConcept Holding
ANNOUNCEMENT OF FINANCIAL RESULTS FOR THE FIRST NINE MONTHS OF THE 2014/2015 FINANCIAL YEAR FOR BOCONCEPT HOLDING A/S
DGAP-News: BoConcept Holding 2015-03-05 / 13:46 --------------------------------------------------------------------- With revenue growth of 8.9%, growth in same-store-sales of 16.7% and lower provisions, the company made an operating profit in the third quarter of 2014/2015. We are fine-tuning our forecast for the full year to a positive EBIT before special expenses for the strategic transformation which is being rolled out as planned. Third quarter of 2014/2015 (1 November 2014 to 31 January 2015) -- Revenue was DKK 277.1 million, up by 8.9% from the previous year -- Same-store-sales (order intake) rose by 16.7% -- The gross profit margin was 41.7%, compared with 44.1% last year -- Scheduled special expenses of DKK 6.1 million for strategic transformation -- EBIT was DKK 6.5 million (DKK 12.6 million before special expenses), corresponding to an EBIT percentage of 2.4 -- Six new brand stores opened and six closed, i.e. the number of stores in the chain remains unchanged at 262 First nine months of 2014/2015 (1 May 2014 to 31 January 2015) -- Revenue was DKK 837.1 million, up 6.9% on the same period last year -- Same-store-sales (order intake) were up by 11.9% -- The gross profit margin was 40.7%, compared with 42.8% last year -- Scheduled special expenses for strategic transformation totalled DKK 63.9 million -- EBIT was DKK 56.3 million in the negative (DKK 7.6 million before special expenses) -- 17 stores opened and 21 closed in the year to date -- The balance sheet total was DKK 553.3 million at 31 January 2015 -- Cash flow before instalments on non-current debt was an outflow of DKK 19.9 million, compared with an outflow of DKK 81.4 million last year Forecast for the 2014/2015 financial year fine tuned We are in the process of implementing the first stages of the strategic transformation of our business model, primarily closing and refranchising the worst performing stores, and this work is progressing according to plan. In view of the favourable developments during the third quarter of 2014/2015, we are fine-tuning our predictions for the 2014/2015 financial year as follows: -- Revenue growth of about 5-6% (previously 3-5%) -- Operating profit (EBIT) before special expenses (previously at break-even) -- Special operating expenses totalling DKK 70 million For further information, please telephone President and CEO Torben Paulin or CFO Hans Barslund on +45 7013 1366. News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-03-05 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: BoConcept Holding Denmark ISIN: DK0060050201 End of News DGAP News-Service --------------------------------------------------------------------- 330457 2015-03-05
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