Operating profit rises at fashion company Lindex

29 Sep '05

3 min read

- The Board of Directors has decided to propose that the Annual General Meeting decides to carry out a share split 6:1 combined with a compulsory redemption procedure. This procedure means that every share will be split into five ordinary shares and one redemption share. Each redemption share will be redeemed for SEK 40. The Board of Director proposes that no dividend will be paid.

Fourth quarter of the 2004/2005 financial year
- Sales for the fourth quarter increased by 1.7 (-3.4) per cent to SEK 1,341M (1,318). Lindex's same stores sales, excluding the currency effect, rose by 1.8 (-2.4) per cent compared with the previous year.

- Operating profit rose significantly and amounted to SEK 114M (-5). Profit after financial items increased to SEK 114M (-5). The EBITA result for the Lindex Group amounted to SEK 145 (2)M.

- The operating margin rose to 8.5 (-0.4) per cent and the gross margin strengthened to 56.8 (50.9) per cent. The EBITA margin for the Lindex Group amounted to 10.8 (0.2) per cent.

- The EBITA margin in the Nordic countries amounted to 13.8 (11.0) per cent.
- Profit after tax increased significantly and amounted to SEK 121M (-76), equivalent to SEK 8.80 (-5.50) per share.

Swedish fashion group Lindex offers fashion for women, teenagers and children. The Lindex Group has three business areas: Lingerie, Ladies' Wear and Children's Clothing. Our strongest market position is in the lingerie sector where we are the leading company in Sweden and Norway and among the leaders in Finland. In Sweden and Norway, we are also among the market leaders for ladies' wear and children's clothing.

Lindex

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