Brief: Rnb Retail and Brands Q4 Operating Loss Widens To SEK 101 Mln

Coala-Life AB (publ)

10/10/2019 06:10

Oct 10 (Reuters) - Rnb Retail and Brands AB (publ)
 RNBS.ST :
    * YEAR-END REPORT 1 SEPTEMBER 2018 - 31 AUGUST 2019
    * Q4 NET SALES SEK 552 MILLION VERSUS SEK 561 MILLION YEAR
AGO
    * Q4 OPER  LOSS EX-ITEMS SEK 32 MLN VS LOSS SEK 3 MLN YR AGO
    * Q4 OPER LOSS SEK 101 MLN VS LOSS SEK 3 MLN YR AGO 
    * RESTRUCTURING WORK CONTINUES AT A STEADY RATE BUT AFFECTED
BUSINESS OPERATIONS
    * LOWER NET SALES BUT E-COMMERCE GROWTH CONTINUED IN
QUARTER;
DISCOUNT-DRIVEN SALES SQUEEZED GROSS MARGINS AND PROFIT

Source text for Eikon:  ID:nWkrccggYy 
Further company coverage:  RNBS.ST 

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