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Annual report 2008/2009
- 2008/2009 In brief
- President’s comments
- Hemtex share
- Presentation of operations
- Board of Directors’ report
- Income statements
- Balance sheets
- Changes in consolidated shareholders’ equity
- Changes in Parent Company shareholders’ equity
- Cash-flow statements
- Notes
- Nine-year summary
- Proposed distribution of earnings
- Audit report
- Board of Directors
- Corporate Governance
- Management
- Hemtex stores
- Information about the AGM
- Annual reports archive
- Annual report 2009
- Annual Report 2010
- Annual Reports archive
2008/2009 In brief
The Hemtex Group’s net sales declined by 13.5% to SEK 1,390.6 M (1,608.3).
Operating loss amounted to SEK 32.5 M (profit: 141.1).
Net loss for the year amounted to SEK 42.9 M (profit: 96.5) and loss per share before dilution amounted to SEK 1.46 (profit: 3.31).
The Hemtex Group established 14 new stores and seven new franchise stores were opened. One franchise store in Sweden was acquired by Hemtex. A total of three stores were discontinued.
Göran Ydstrand was appointed President of Hemtex and assumed his position in March 2009.
Decision was taken on a new share issue that provided Hemtex with
SEK 164 M before issue costs.
A mandatory takeover offer was submitted by Hakon Invest AB on April 28, 2009.
No dividend is proposed for the fiscal year.
Key data
| 2006/2007 | 2007/2008 | 2008/2009 | |
| Net sales, SEK M | 1.470.5 | 1.608.3 | 1,390.6 |
| Net sales growth, % | 26.8 | 9.4 | – 13.5 |
| Gross profit margin, % | 52.2 | 52.7 | 53.5 |
| Operating profit/loss, SEK M | 221.5 | 141.1 | – 32.5 |
| Operating margin, % | 15.1 | 8.8 | – 2.3 |
| Net profit/loss for the year, SEK M | 159.5 | 96.5 | – 42.9 |
| Return on capital employed, % | 45.5 | 22.8 | – 4.8 |
| Return on shareholders’ equity, % | 35.9 | 20.0 | – 10.4 |
| Equity/assets ratio, % | 61.6 | 53.4 | 40.1 |
| Net debt/EBITDA, multiples | 0.1 | 1.0 | 15.8 |
| Earnings per share before dilution, SEK | 5.69 | 3.31 | – 1.46 |
| Earnings per share after dilution, SEK | 5.47 | 3.31 | – 1.46 |
| Cash flow after investments per share, SEK | – 1.54 | – 1.45 | – 0.98 |
| Equity per share, SEK | 17.53 | 16.10 | 12.03 |
| Dividend per share, SEK | 4.85 | 2.65 | — |
| Total number of stores | 186 | 205 | 223 |
| Of which owned by the Group | 163 | 180 | 193 |
| Number of full-year employees | 602 | 757 | 773 |
