AndhraNews.net
Home » Business News » 2011 » October » October 27, 2011

New financial objectives for RNB RETAIL AND BRANDS


October 27, 2011 - London

Due to the group-wide change program that has been implemented and the changes in the operation that has been executed the Board of Directors of RNB RETAIL AND BRANDS has decided to implement new financial objectives.

The new objectives are:
·       A long-term operating margin of 10 %
·       A long-term sales growth of 5-10 %
·       Debt/equity-ratio 0.5-1.0

For further information, please contact: Magnus Håkansson, President and Chief Executive Officer of RNB, +46 (8) 410 520 02, +46 768 87 20 02 or e-mail:  magnus.hakansson@rnb.se  

RNB RETAIL AND BRANDS owns, operates and develops fashion, clothing, accessories, jewelry and cosmetics stores that focus on providing excellent service and a world-class shopping experience. Sales are mainly conducted in Scandinavia through the three store concepts Brothers & Sisters, JC and Polarn O. Pyret, as well as through shops in the department stores NK in Stockholm and Gothenburg and Illum in Copenhagen. RNB RETAIL AND BRANDS has operation in 11 countries. RNB RETAIL AND BRANDS has been listed on the OMX Nordic Exchange since 2001.

New financial objectives for RNB RETAIL AND BRANDS



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: RNB Retail and Brands AB via Thomson Reuters ONE

HUG#1558416

GlobeNewswire

Comment on this story

Share