BOCONCEPT HOLDING A/S' QUARTERLY REPORT – Q1 2015/2016

In the first quarter of 2015/2016, BoConcept significantly increased its revenues and same-store-sales. The operating profit was considerably improved resulting from revenue growth, lower provisions for bad debts, foreign exchange rate changes, sale of a store and improved efficiency. We are maintaining our financial forecast for the 2015/2016 financial year. 

First quarter of 2015/2016 (1 May 2015 to 31 July 2015):

• Revenue was DKK 306.9 million, up by 14.9% on last year
• Same-store-sales (order intake) were up by 16%
• The gross profit was 40.2%, compared with 42.1% last year
• EBIT was DKK 29.4 million, versus a previous-year loss of DKK 5.6 million: a result of e.g. lower provisions for bad debts
• After the opening of four new brand stores and closure of two, the chain consisted of a total of 255 stores at 31 July 2015
• The balance sheet totalled DKK 518.3 million at 31 July 2015
• Cash flow before instalments on long-term debt was an inflow of DKK 29.8 million, compared with an outflow of DKK 31.1 million last year

Forecast for the 2015/2016 financial year:

In view of the robust progress made in the first quarter of 2015/2016, BoConcept's management is maintaining its focus on the implementation of Horizon 16/17 aimed at increasing earnings in the chain and the group.

We are also maintaining our latest forecast for the 2015/2016 financial year, as follows:

• Revenue growth of about 2%
• An EBIT percentage of about 4%, significantly lower provisions for bad debts and lower expenses for collection updates 

Vedhæftede filer:

Kvartalsrapport Q1_8_gb.pdf