2013-01-16 08:16:15 -

First quarter, September 1, 2012 - November 30, 2012

·         Net sales totaled SEK 668 M (754), down by 11.4 percent. In the first
quarter of the previous year, sales from the now closed down operations in
Norway and Denmark were included by a total of SEK 37 M. Sales in comparable
proprietary stores declined by 4.8 percent during the quarter.

·         The operating profit improved by SEK 14 M and amounted to SEK -1 M (-
15). In the previous year's quarter 1 result, losses from the operations in
Norway (JC) and Denmark (Dept Stores) were included with SEK 39 M and SEK 4 M
respectively.

·         The profit before tax amounted to SEK -11 M (-18). Unrealized results
on currency futures affected the quarter with SEK 3 M   (6).

·         Profit after tax amounted to SEK -11 M (-28), corresponding to a
profit per share of SEK -0.06 (-0.17).


·         Cash flow from operating activities amounted to SEK -57 M (-16).



Events after the end of the period

In December, the Group entered into an agreement with Konsumentföreningen
Stockholm regarding refinancing of SEK 100 M out of the existing overdraft
facility of SEK 200 M. The current provider of the overdraft had announced the
intention to reduce the existing facility by half the amount as of January
1, 2013.
In order to secure the Groups funding needs, the existing overdraft facility has
been complemented with a credit facility from Konsumentföreningen Stockholm of
SEK 100 M, and in addition a commitment to provide SEK 50 M of funding. Both
facilities from Konsumentföreningen Stockholm are available from January
1. 2013 to December 31, 2013, and can be utilized if and when needed throughout
the year.

For further information, please contact:

Magnus Håkansson, CEO, RNB RETAIL AND BRANDS,
+46 8 410 520 02, +46 768 87 20 02, e-mail:  magnus.hakansson@rnb.se
Stefan Danieli, CFO, RNB RETAIL AND BRANDS,
+46 8 410 522 25, +46 768 87 22 25, e-mail: stefan.danieli@rnb.se


The information is such that RNB RETAIL AND BRANDS AB (publ) is required to
disclose in accordance with the Swedish Financial Instruments Trading Act and/or
the Swedish Securities Market Act. The information was submitted for publishing
at 08:15 a.m. on January 16, 2013.

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. RNB RETAIL AND BRANDS has operation in 10 countries. RNB RETAIL AND
BRANDS has been listed on the OMX Nordic Exchange since 2001.

  

Interim report September 1, 2012 – November 30, 2012: 
 hugin.info/132993/R/1670702/543000.pdf



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Source: RNB Retail and Brands AB via Thomson Reuters ONE
[HUG#1670702]