STOCKHOLM, Sweden, March 19, 2002 (PRIMEZONE) -- Lindex Group:
-- The implementation of the action programme was successful and
made a significant impact on the cash flow and gross profit
margin.
-- The cash flow from current operations improved by SEK 524M (-221)
to SEK 461M (-63).
-- The gross profit margin increased to 54.6 per cent (49.4).
-- Operating profit increased to SEK 159M (37) and profit after
financial items rose to SEK 176M (46). Profit after financial
items in the Nordic countries increased to SEK 249M (128).
-- Inventories amounted to SEK 766M and were thus SEK 210M lower
than in the previous year.
-- Lindex spring collection 2002 was positively received in all
markets.
-- In November 2001, the Board of Directors decided to acquire the
Twifit retail chain. The Competition Authority approved the
acquisition in January 2002.
Lindex consists of two retail chains: Lindex with 353 stores of which 319 are in the Nordic market and 34 stores in Germany, and Twilfit with 61 stores in Sweden of which 13 are operated as franchise stores. The Group's product areas are Ladies' Wear, Lingerie and Children's Clothing.
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