Home / Knowledge / News / Apparel/Garments / MQ Holding Q2'FY14 net sales grow 5.3%
MQ Holding Q2'FY14 net sales grow 5.3%
24
Mar '14
MQ captures market shares and delivers strong earnings increase for second quarter.
Healthy sales in key months combined with Christmas shopping and sales, as well as early demand for spring fashion generated a strong second quarter for MQ. Earnings are significantly better than the year-earlier period. The positive trend from the first quarter continued and improved during the second quarter.
 
Second quarter (December 2013–February 2014)
-Net sales amounted to SEK 417 million (396), up 5.3 percent. Sales in comparable stores increased 3.4 percent (according to the Swedish Retail Institute Index, the market contracted by 0.4 percent.)
-The gross margin was 49.6 percent (49.5).
-Operating profit amounted to SEK 20 million (4), corresponding to an operating margin of 4.9 percent (0.9).
-Profit after tax amounted to SEK 14 million (1), corresponding to SEK 0.40 (0.02) per share after dilution.
-Cash flow from operating activities was SEK 49 million (34).
-First six months (September 2013 - February 2014)
-Net sales amounted to SEK 789 million (760), up 3.8 percent. Sales in comparable stores increased 1.6 percent (according to the Swedish Retail Institute Index, the market contracted by 1.3 percent.)
-The gross margin was 54.5 percent (54.8).
-Operating profit amounted to SEK 55 million (25), corresponding to an operating margin of 7.0 percent (3.2).
-Profit after tax amounted to SEK 39 million (14), corresponding to SEK 1.12 (0.40) per share after dilution.
-Cash flow from operating activities was 55 million (29).
 
Events during the second quarter
-No significant events occurred during the second quarter.
-Events after the end of the reporting period
 
MQ’s brand portfolio strengthened in March with three new brands; Sail Racing, Ilse Jacobsen and A-One. One store in Malmö closed; Malmö entré. MQ is one of Sweden’s leading retailers of fashion brands. Through a select mix of proprietary and external brands, MQ offers men’s and women’s clothes with a high fashion content in attractive stores. The store chain currently comprises 122 stores and the aim is to establish MQ as the leading retailer of fashion brands in the Nordic region. 
 

MQ Holding AB


Must ReadView All

Courtesy: American & Efird

Textiles | On 20th May 2018

A&E introduces Repel

American & Efird (A&E), a global leader in industrial sewing thread...

Archroma working with House of Denim Foundation

Textiles | On 20th May 2018

Archroma working with House of Denim Foundation

Archroma, a leader in colour and specialty chemicals, has joined...

Courtesy: Amazon

Textiles | On 20th May 2018

Amazon opening first fulfillment centre in Tucson

Amazon.com is opening its first fulfillment centre in Tucson, which...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search