May–December 2009 fiscal year in brief

All comparative figures pertain to the May 1 to December 31, 2009 fiscal year. Unless otherwise stated, comparisons are with the corresponding period in 2008.

• Net sales declined 9.4% to SEK 916.8 M (1,012.2).
• The operating result was a loss of SEK 148.0 M (profit: 40.2).
• The operating result was charged with nonrecurring costs of SEK 109.7 M (13.0). Excluding nonrecurring costs, the operating result was a loss of SEK 38.3 M (profit: 53.2).
• The loss after tax amounted to SEK 121.3 M (profit: 23.0) and the loss per share before dilution amounted to SEK 3.04 (earnings: 0.78).
• During the abbreviated fiscal year, Hemtex reviewed its store portfolio in all countries and closed 12 stores, comprising seven proprietary stores and five franchise stores. Three stores were opened in Sweden.
• Erik Gumabon became President and CEO on November 1, 2009.
• Through bids and market acquisitions, Hakon Invest AB increased its shareholding to 68.5% at December 31, 2009. Since June 30, 2009, Hemtex AB is a subsidiary of Hakon Invest AB.
• At the Annual General Meeting on December 2, a resolution was passed concerning a change of the fiscal year to the calendar year. Accordingly, the current fiscal year comprises only the period from
  May to December 31, 2009.
• No dividend is proposed for the abbreviated 2009 fiscal year.

Key data