2007/2008 In brief
The Hemtex Group’s net sales rose 9.4% to SEK 1,608.3 M (1,470.5) during the fiscal year May 1, 2007 to April 30, 2008.
Operating profit amounted to SEK 141.1 M (221.5).
Net profit for the year decreased to SEK 96.5 M (159.5) and earnings per share after dilution amounted to SEK 3.31 (5.47).
The Hemtex Group opened a total of 20 new stores and acquired one store previously run by a franchise holder.
One store was opened in the new Estonian market and two franchise stores were opened in the new Polish market.
Six stores were opened under the new Hemtex & More concept, of which four are located in Sweden and two in Finland.
Another purchasing office was established in Asia – in Shanghai, China.
Key data
| 2005/2006 | 2006/2007 | 2007/2008 | |
| Net sales, SEK M | 1,159.7 | 1,470.5 | 1,608.3 |
| Sales growth, % | 44.1 | 26.8 | 9.4 |
| Gross profit margin, % | 47.2 | 52.2 | 52.7 |
| Operating profit, SEK M | 180.9 | 221.5 | 141.1 |
| Operating margin, % | 15.6 | 15.1 | 8.8 |
| Net profit for the year, SEK M | 130.5 | 159.5 | 96.5 |
| Return on capital employed, % | 55.7 | 45.5 | 22.8 |
| Return on shareholders’ equity, % | 42.6 | 35.9 | 20.0 |
| Equity/assets ratio, % | 68.0 | 61.6 | 53.4 |
| Net debt/EBITDA, multiples | – 0.5 | 0.1 | 1.0 |
| Earnings per share before dilution, SEK | 4.76 | 5.69 | 3.31 |
| Earnings per share after dilution, SEK | 4.60 | 5.47 | 3.31 |
| Cash flow after investments per share, SEK | 0.48 | – 1.54 | – 1.45 |
| Equity per share, SEK | 14.21 | 17.53 | 16.10 |
| Dividend per share, SEK | 2.35 | 4.85 | 2.651 |
| Total number of stores | 153 | 186 | 205 |
| Of which owned by the Group | 101 | 163 | 180 |
| Number of full-year employees | 433 | 602 | 757 |
| 1) Proposed dividend, of which SEK 1.65 (2.85) in ordinary dividend and SEK 1.00 (2.00) as an extra dividend. | |||
