• Operating investments in the region of DKK 90 million are still scheduled for 2005/06, Further-more, capital investments of DKK 20 million are expected.
• The free cash flow is still projected to be in the range of DKK 250 – 280 million.
A share buyback programme of DKK 50 million has been completed. A new share buyback pro-gramme for DKK 100 million has been adopted and will be implemented on 23rd February 2006.
Retail revenue rose 1 percent to reach DKK 443 million (DKK 439 million). Revenue for the period was reduced by DKK 15 million due to net store closures. Same-store sales rose by 4 percent in H1 (organic sales growth). The results were adversely affected by performance in Q2, especially in the Netherlands and Poland, whilst Denmark and Sweden are showing satisfactory progress.
The segment profit of the retail operation rose by 97 percent or DKK 36 million to DKK 73 million, equivalent to a segment profit margin of 16.5 percent (8.5 percent).
Revenue from the outlet operation fell 12 percent to DKK 68 million (DKK 77 million). The falling revenue was due to a satisfactory reduction in the inflow of surplus products as well as shop closures. The segment profit of the outlet operation was DKK 8 million (DKK 10 million), equivalent to a profit margin of 11.8 percent (12.4 percent).
The IC Companys has acquired one of its sourcing and production agents in Turkey. The company was taken over with effect as from 1January 2006 and is expected to be fully integrated in the Group by the end of the current financial year.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
