>>
Home / Knowledge / News / Fashion / Lindex operating profit grows to SEK 101M due to cost reduction

Lindex operating profit grows to SEK 101M due to cost reduction

22
Jun '05
Sweden based fashion chain Lindex announced the interim report for the third quarter 1 March-31 May 2005.

Significantly improved profit due to reduced costs and strengthened margins

1 September-31 May 2004/2005
Sales fell by 4.3 (+2.2) per cent to SEK 3,861M (4,034). The Lindex Group's same-stores sales, excluding the currency effect, fell by 2.7 per cent.

Costs continued to reduce and operating profit increased to SEK 277M (33). Profit after financial items rose to SEK 277M (33).

The operating margin rose to 7.2 (0.8) per cent and the gross margin amounted to 57.8 (53.9) per cent.

Operating profit before financial items, taxes and amortisation of brand names and goodwill, EBITA, increased significantly in the Nordic operations (excluding Twilfit) and amounted to SEK 347M (151). This resulted in an EBITA margin amounting to 10.1 (4.3) per cent.

Profit after tax amounted to SEK 188M (0), equivalent to SEK 13.70 (0.00) per share. The cash flow from the current operations amounted to SEK 264M (179).

1 March-31 May 2004/2005
Sales fell by 3.3 (+2.4) per cent to SEK 1,240M (1,282). The Lindex Group's same stores sales fell by 1.0 per cent.

Operating profit rose to SEK 101M (1) and the costs continued to decrease. Profit after financial items increased to SEK 101M (1).

The operating margin rose to 8.1 (0.1) per cent and the gross margin amounted to 59.7 (53.8) per cent.


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Jan 2022

Chinese central bank cuts rates on medium-term loans, reverse repos

The People's Bank of China recently cut interest rates of its...

Pic: shutterstock.com

Textiles | On 20th Jan 2022

India pumps in ₹1500 cr to further boost renewable energy

To further give a boost to the renewable energy sector in the...

Pic: Shutterstock

Apparel/Garments | On 19th Jan 2022

AAFA urges US President Biden to act on shipping crisis, offer relief

The American Apparel & Footwear Association (AAFA) has sent a letter...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

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

ESTEEMED CLIENTS

Grasim Industries Limited
Chori Company Limited
J ;& P Coats
SYNERGIES HONG KONG LIMITED
Target Corporation (MN)
Cat Tuong Real Estate Group Joint Stock Company
Decathlon
Permoda(Koaj/Armi/Pronto/Bkul)
Chico’ FAS
Alix Partners
Gatsby Africa
Recron Polyester from Reliance Industries Limited
Sportswear Company Spa
Amazon China
Hirdaramani International Export Private Limited
IDH – The Sustainable Trade Initiative
The LYCRA Company Singapore  Pte. Ltd
Helly Hansen Far East Ltd
PVH Corporation
Sateri (Jiujiang) Fiber Co.,Ltd
Reiter India Private Limited
T.T. Limited
Landmark Group
KIABI
Restoque S.A.
Aramark Uniform ;& Career Apparel, LLC
Lululemon Athletica Inc
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Sainsbury's Argos Asia Limited
LC Waikiki
Lenzing Aktiengesellschaft
Phong Phu international JSC (PPJ)
TESCO INTERNATIONAL SOURCING LIMITED
BIANCA
Tory Burch Hong Kong Ltd
Tommy Hilfiger
Boardriders Asia Sourcing Limited
The Top Form Brassiere Manufacturing Company Limited
BIMBA ;& LOLA SL
OVS Hong Kong Sourcing Ltd.
International Textile Manufacturers Federation
Vianney Textil Hogar S.A. De C.V.
Brandix Lanka Limited
Esprit Europe Services GmbH
Maceton Limited
Lisa S.P.A.
Midas Clothing Limited
Arvind Limited
Varner AS Retail
Sportmaster Ltd.
Asos
SHAHI Exports Pvt Ltd
KAS Direct Sourcing
Green Fibre
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Lifestyle
THE BOMBAY DYEING ;& MFG.CO. LTD
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Seasalt Limited
IKEA of Sweden AB
Etam Group Strategy Hong Kong Limited
Benetton Group
Lacoste (Wanchai)
Alison Hayes Romania
NITI Aayog
Calvin Klein
Abit
Truetzschler India Private Limited
Puma
MAS Active / MAS Kreeda / MAS Bodyline
Walmart
John Varvatos
Page Industries Limited (Bangalore)
Desigual - ABASIC, S.A.
Gloria Jeans
Groz-Beckert East Asia LLP
Aquarelle Clothing Limited
Vardhman Textile Ltd
Gap International Sourcing Limited
Babyshop
Gokaldas Exports Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
G-Star Raw C.V.
Under Armour Global Sourcing Ltd
Splash
Guess Europe Sagl,
C;&A Sourcing International Ltd
Tchibo GmbH
Rayonese Textile Inc., Division de Culp Inc.
Bluestem Global Sourcing Limited

January 2022

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


Advanced Search