STOCKHOLM, Sweden, Jan. 16, 2003 (PRIMEZONE) -- Lindex (Stockholm:LDEX):
-- Sales for the first quarter increased by 6.0 per cent (9.7) to SEK
1,365M (1,287) but developed less positively than the market.
-- The gross margin was strengthened during the first quarter and
increased to 59.6 per cent (56.4)
-- Profit after financial items fell to SEK 80M (101) and operating
profit fell to SEK 82M (97). The profit was charged with one-off
costs amounting to SEK 10M.
-- The cash flow from current operations increased to SEK 199M (197).
-- Continued result improvements in Germany. An additional two stores
achieved break-even.
The Lindex Group comprises two retail chains: Lindex with 317 stores in the Nordic market and 33 stores in Germany, and Twilfit with 58 stores in Sweden of which 10 are operated as franchise stores. The Group's business areas are Ladies' Wear, Lingerie and Children's Clothing.
For further information, please contact:
Jorgen Johansson, President and CEO Tel: +46 322-777 02
Mobile: +46 70-594 21 22
Peter Andersson, Chief Financial Officer Tel: +46 322-778 50
Mobile: +46 70-584 44 37
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