Nine-year summary

May 1–April 30	Swedish Accounting Standards Board		IFRS
Key ratios	2000/01	2001/02	2002/03	2003/04	2004/05	2005/06	2006/07	2007/08	2008/09
Group
Net sales, SEK M	419.9	460.4	494.8	590.1	804.6	1,159.7	1,470.5	1,608.3	1,390.6
Net sales growth, %	17.1	9.7	7.5	19.3	36.4	44.1	26.8	9.4	– 13.5

Sales per employee, SEK M	3.1	2.9	3.1	3.6	2.8	2.7	2.4	2.1	1.8
Gross profit margin, %	23.4	26.6	29.6	32.4	39.1	47.2	52.2	52.7	53.5
Operating profit/loss, SEK M	– 10.4	– 4.0	24.0	54.1	93.0	180.9	221.5	141.1	– 32.5
Operating margin, %	– 2.5	– 0.9	4.8	9.2	11.6	15.6	15.1	8.8	– 2.3
Profit/loss after tax, SEK M	– 16.5	– 12.4	11.6	36.5	69.2	130.5	159.5	96.5	– 42.9
Profit margin, %	– 3.8	– 2.5	3.5	8.5	11.5	15.6	15.0	8.3	– 3.3

Return on equity, %	– 32.3	– 31.0	26.4	42.2	40.9	42.6	35.9	20.0	– 10.4
Return on capital employed, %	7.6	– 2.5	16.4	35.2	45.9	55.7	45.5	22.8	– 4.8
Return on operating capital, %	– 8.3	– 2.7	16.9	37.3	55.0	75.2	54.7	24.5	– 5.1
Return on total capital, %	– 6.0	– 2.0	12.6	25.3	31.0	38.6	32.3	16.9	– 3.7

Equity/assets, %	23.0	18.9	27.3	49.6	60.3	68.0	61.6	53.4	40.1
Net debt/equity, times	247.2	303.6	163.4	29.1	– 17.0	– 23.9	3.3	36.8	79.5
Net indebtedness/EBITDA		18.0	2.3	0.5	– 0.3	– 0.5	0.1	1.0	15.8
Interest-coverage ratio, times	– 1.6	– 0.5	3.7	12.8	53.2	180.2	111.9	15.6	– 2.5
Capital turnover rate, times	2.9	3.1	3.5	4.1	4.8	4.8	3.6	2.8	2.2

Investments, net, SEK M	33.4	18.3	– 3.1	15.4	29.9	105.3	242.8	66.4	52.9
Cash flow after investments, SEK M	– 29.6	– 17.4	42.3	9.4	79.3	13.2	– 43.3	– 42.2	– 28.9
No. of full-year employees	135	159	162	162	284	433	602	757	773

Earnings per share before dilution, SEK	– 1.42	– 1.03	0.85	1.95	2.77	4.76	5.69	3.31	– 1.46
Earnings per share after dilution, SEK	– 1.42	– 1.03	0.85	1.95	2.76	4.6	5.47	3.31	– 1.46
Cash flow after investments per share, SEK	– 2.70	– 1.42	3.39	0.5	3.18	0.48	– 1.54	– 1.45	– 0.98
Equity per share, SEK	3.6	2.79	3.63	5.18	8.09	14.21	17.53	16.1	12.03
Dividend per share, SEK	—	—	—	—	0.75	2.35	4.85	2.65	—

Figures for the 2000/2001 and 2001/2002 fiscal years were not restated according to IFRS.

Parent Company

Hemtex AB’s net sales decreased during the 2008/2009 fiscal year and amounted to SEK 1,196.4 M (1,478.3). Net sales in Hemtex AB comprise sales to consumers from proprietary stores and wholesale sales to subsidiaries and franchise stores. Of net sales, sales in proprietary stores accounted for SEK 959.5 M (1,143.4) and wholesale sales for SEK 236.9 M (334.9).

Hemtex posted a loss after financial items of SEK 40.5 M (profit: 133.2). The Parent Company’s net investments in fixed assets that affect cash flow amounted to SEK 44.4 M (47.2).