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 |
| |
|
|
|
| |
