BoConcept Holding
Upward adjustment of forecast for the 2014/2015 financial year
BoConcept Holding 27.05.2015 11:10 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- On the basis of its preliminary assessment of the accounting trends prevailing in the fourth quarter of 2014/2015, the management of BoConcept Holding A/S is pleased to report that the group will generate higher revenues than previously expected. The improvement is attributable to a ten percent growth in same-store-sales and a positive contribution from exchange rates. Based on this, we make an upward adjustment of revenue growth from the previously predicted 5-6% to about 9% for the full 2014/2015 financial year. One of the effects produced by the strategic optimisation process launched by the group in the autumn of 2014 is an operating profit (EBIT) of approx. DKK 15 million before special expenses, exceeding management's expectations. The special expenses - which are attributable to the strategic optimisation process, including closure of own stores, extraordinary provisions for franchise stores and goodwill impairment - will amount to approx. DKK 66 million in the 2014/2015 financial year as opposed to the previously anticipated DKK 70 million. The audit of the 2014/2015 accounts have not been finished yet, and we will elaborate on the results achieved and our outlook for the future in the 2014/2015 annual report for BoConcept Holding A/S, which will be published on 30 June 2015. Herning, 27 May 2015 For further information, please telephone CEO Torben Paulin on +45 7013 1366. News Source: NASDAQ OMX 27.05.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: BoConcept Holding Denmark Phone: Fax: E-mail: Internet: ISIN: DK0060050201 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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