STOCKHOLM, Sweden, Jan. 15, 2004 (PRIMEZONE) -- Lindex Interim Report for the first quarter 1 September 2003-30 November 2003
Increased sales on a weak market
-- Sales increased by 1.5 per cent (6.0) to SEK 1,385M (1,365). Lindex Group's same-stores sales, excluding the currency effect, rose by 5.2 per cent.
-- Profit after tax amounted to SEK 57M (60), equivalent to SEK 4.10 (4.30) per share.
-- Profit after financial items increased by 10 per cent and amountedto SEK 88M (80).
-- Operating profit increased to SEK 88M (82). Operating margin roseto 6.3 per cent (6.0). The gross margin was on a par with the previous year and amounted to 59.5 per cent.
-- The results in Germany continued to improve. Lindex's same-storessales increased by 14.7 per cent.
-- Lindex's same-stores sales in Finland rose by 13.1 per cent.
The Lindex Group comprises two retail chains: Lindex which has 314 stores in the Nordic market and 30 stores in Germany, and Twilfit which has 60 stores in Sweden, of which 10 are operated as franchise stores. The Group's business areas are Lingerie, Ladies' Wear and Children's Clothing.
For further information, please contact:
Jorgen Johansson, President and CEO Telephone: +46 31 739 50 02
Mobile: +46 705 94 21 22
Peter Andersson, Chief Financial Officer Telephone: +46 31 739 50 10
Mobile: +46 705 84 44 37
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The full report