Presentation of operations

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.