Interim report September 1, 2010 - November 30, 2010

19 januari 2011 First quarter, September 1, 2010 - November 30, 2010 Â Â·Â Â Â Â Â Â Â Â Net sales totaled SEK 787 M (743), up 5.9 percent. The negative impactÂ from the divested operations at Steen & StrÃ¶m department store is -3.4 percent. Sales in comparable proprietary stores increased 6.3 percent. Â Â·Â Â Â Â Â Â Â Â The operating result has improved with SEK 13 M to SEK 47 M (33) which includes cost for the closedown of the operations at Illum Kids in january 2011 with SEK 3 M. Â·Â Â Â Â Â Â Â Â The profit before tax amounted to SEK 41 M (34). The measurement of forward contracts at fair value had a positive impact of SEK 2 M (last year +6) on net financials. Â Â·Â Â Â Â Â Â Â Â Profit after tax amounted to SEK 34 M (25), corresponding to a profit per share of SEK 0.20 (0.17). Â Â·Â Â Â Â Â Â Â Â Cash flow from operating activities amounted to SEK -35 M (-15). Â Events after the end of the period Â Â·Â Â Â Â Â Â Â Â The Board of Directors of RNB RETAIL AND BRANDS have appointed Magnus HÃ¥kansson as the new President and Chief Executive Officer of the company For further information, contact: Mikael Solberg, CEO, RNB RETAIL AND BRANDS, +46 8 410 520 20, +46 768 87 20 20, mikael.solberg@rnb.se Gunnar Bergquist, CFO, RNB RETAIL AND BRANDS, +46 8 410 520 01, +46 768 87 20 01, e-mail: gunnar.bergquist@rnb.se RNB RETAIL AND BRANDS owns, operates and develops fashion, clothing, accessories, jewelry and cosmetics stores that focus on providing excellent service and a world-class shopping experience. Sales are mainly conducted in Scandinavia through the three store concepts Brothers & Sisters, JC and Polarn O. Pyret, as well as through shops in the department stores NK in Stockholm and Gothenburg and Illum in Copenhagen. RNB RETAIL AND BRANDS has operation in 11 countries. RNB RETAIL AND BRANDS has been listed on the OMX Nordic Exchange since 2001. Interim report September 1, 2010 â€“ November 30, 2010: http://hugin.info/132993/R/1480622/416088.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: RNB Retail and Brands AB via Thomson Reuters ONE [HUG#1480622]