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Q1 REPORT January - March 2009
5/13/2009 2:30 AM EST
REPORTING PERIOD JANUARY – MARCH 2009
• Net sales amounted to SEK 203.5 million (173.0 m)
• The operating loss excluding capital gains amounted to SEK 57.8 million (-29.5 m)
• The operating loss was SEK 57.8 million (+45.5 m)
• The loss after tax was SEK 63.6 million (+36.0 m)
• EPS was SEK -6.85 (+3.85)
SIGNIFICANT EVENTS DURING AND AFTER THE REPORTING PERIOD
• BRIO found itself in a tough liquidity situation during the reporting period, which mainly affected the company’s ability to meet its commitments towards the Group’s suppliers. In conjunction with the financial reconstruction, negotiations took place with suppliers, resulting in improved payment terms.
• The sale of obsolete stock took place during the reporting period, which boosted revenues but also had a negative effect on the gross results.
• BRIO continued with its rationalization scheme during the reporting period to cut costs by around SEK 80 million per year, which will achieve full effect in...
BRIO financially reconstructed – shareholders’ equity strengthened by more than SEK 300 million
3/11/2009 3:30 AM EST
• BRIO’s main owner Proventus guarantees issues of preference shares of around
SEK 164 million with preferential rights to subscribe for existing BRIO shareholders
• BRIO’s...
FINANCIAL STATEMENT January - December 2008
2/17/2009 2:30 AM EST
REPORT PERIOD OCTOBER – DECEMBER 2008
Net sales amounted to SEK 303.7 million (323.7 m)
The operating loss was SEK 58.6 million (6.1 m)
The loss after tax was SEK 71.5...
BRIO to take further streamlining measures - 30 white-collar staff to be made redundant
11/26/2008 4:00 AM EST
With the aim of achieving profitability, BRIO intends to take further streamlining measures including coordinating design, product development and marketing resources....
Andreas Sbrodiglia - BRIO’s new CEO
8/14/2008 3:00 AM EST
Andreas Sbrodiglia has been appointed as BRIO AB’s new CEO.
Andreas previously held a leading position at Hero AG, which acquired Semper AB in 2006, where he was CEO from 2003...
FINANCIAL STATEMENT January-December 2007
2/14/2008 8:45 AM EST
IMPROVED PROFITABILITY BUT DELAYED SALES GROWTH
REPORT PERIOD OCTOBER-DECEMBER 2007
• Net sales amounted to SEK 323.7 million (374.4 m)
• The operating profit was SEK...
BRIO in License Agreement with Disney
10/29/2007 10:00 AM EST
BRIO has signed a 3 year license agreement with The Walt Disney Company Limited to make wooden railway sets and wooden preschool products that match Disney’s top rated pedagogic...
QUARTERLY REPORT July - September 2007
10/29/2007 10:00 AM EST
BUSINESS CONTINUING TO DEVELOP IN A POSITIVE DIRECTION
REPORT PERIOD JULY-SEPTEMBER 2007
• Net sales amounted to SEK 222.7 million (242.3 m)
• The operating profit was...
IMPROVED PROFITS THROUGH LOWER COSTS AND HIGHER MARGINS
7/26/2007 7:00 AM EST
REPORT PERIOD APRIL-JUNE 2007
• Net sales amounted to SEK 202.6 million (264.2 m)
• The operating loss was SEK 28.5 million (-71.8 m)
• The loss after tax was SEK 35.0...
QUARTERLY REPORT July - September 2006
10/26/2006 8:15 AM EST
SUCCESSFUL LAUNCH OF NEW BRIO PRODUCTS – MORE LACKLUSTRE PERFORMANCE BY SCANDITOY THAN EXPECTED
REPORT PERIOD JULY-SEPTEMBER 2006
• Net sales were SEK 242.3 million (326.5...
QUARTERLY REPORT April -June 2006
7/27/2006 12:06 PM EST
WEAK SALES, ADDITIONAL ONE-OFF ITEMS AND REFINANCING
-Rationalization measures progress according to plan but profits are weighed
by weaker sales
-Continued restructuring in...
QUARTERLY REPORT January-March 2006
5/15/2006 6:15 AM EST
LACKLUSTRE EARNINGS – CONTINUED FOCUS ON PRODUCT DEVELOPMENT
REPORTING PERIOD JANUARY-MARCH 2006
• Net sales were SEK 232.8 million (237.9 m).
• The operating loss was SEK...
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