The financial year of SmartGuy Group A/S runs from 1 July to 30 June.
For the financial year 2012/13 (from 1 July 2012 to 30 June 2013), management expects revenue for the SmartGuy Group in the region of DKK 450 million and EBITDA in the region of DKK 15-30 million.
Questions regarding this announcement may be addressed to Nicolai Kærgaard, CEO, on mobile tel.: +45 26 22 99 11.
SmartGuy Group A/S
Bødkervej 5
DK-4450 Jyderup, Denmark
About SmartGuy
SmartGuy is a European online retailer of fashion apparel with a leading position in the Nordic region achieved through an unremitting commitment to profitable growth. SmartGuy has been named a growth gazelle by Danish business daily Børsen for six consecutive years and has received a number of awards, including the Danish e-Commerce Award on several occasions, for its strong business acumen and unique market position. SmartGuy's product offering extends from clothes, shoes, sportswear and sporting goods to personal care products and various accessories related to fashion apparel. SmartGuy caters to a wide range of consumers throughout Europe.
SmartGuy sells around 1,000 different brands, has more than 1.5 million registered users, more than 200 permanent staff and youth workers and its own warehouse and offices of some 10,000 sqm in Jyderup on Zealand, Denmark. SmartGuy sells its products to customers throughout most of Europe, but continues to derive most of its revenue from sales to customers in Denmark. In addition to Denmark, SmartGuy has local websites, local offices or actual subsidiaries in Sweden, Norway, Germany, the UK, Russia, the Netherlands, Poland and Finland. Management has launched a growth strategy, which is expected to increase the requirement for investment in additional staff, marketing, inventories and other operating assets. Management has high expectations for the economies of scale expected to be achieved from having a presence in a number of international markets; both in terms of sourcing, as bulk sourcing will usually trigger better sourcing prices, and in terms of marketing and distribution, as SmartGuy's existing concepts and business relationships can be scaled across borders.
