Quarter (Dec Six (Sept
2 -Feb) months -Feb)

2011/201 2010/ Change 2011/20 2010/2 Change
2 2011 12 011
Net sales, SEK million 1 119 1 188 -69 2 312 2 529 -217

Operating profit excluding -55 16 -71 -39 162 -201
non-recurring costs, SEK
million
Operating profit, SEK million -138 16 -154 -122 162 -284
Gross profit margin, % 51,9 57,2 55,3 60,5
Operating margin, % -12,3 1,3 -5,3 6,4
Profit after tax, SEK million -163 1 -164 -174 96 -270
Earnings per share, SEK -0,72 0,01 -0,73 -1,16 0,58 -1,74
Cash flow from operating 68 -12 80 63 48 15
activities, SEK million

 

· Net sales decreased by 5.8 per cent for the quarter and 8.6 per cent for the half year.
· Earnings were reduced by non-recurring costs of SEK 83 million, including impairment loss on non-current assets.
· Actions has been started, focusing on regaining lost market share in business area Woman.
· The consolidated gross profit for 1-28 March was the same as last year.

“Our plan for 2012 gives priority to our Woman...