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Macintosh Retail Group NV : Macintosh Retail Group NV : Accelerated transformation of Macintosh Retail Group

     Macintosh Retail Group NV : Macintosh Retail Group NV : Accelerated
                   transformation of Macintosh Retail Group

·Implementation of cross-channel strategy on schedule.
·Accelerated  transformation  of  Macintosh  to  new   retail 
reality.
·Reshaping store  portfolio results  in closure  of over  110 
stores in the next few years besides refits and stores to be opened.
·Poorer  growth  prospects  in  the  years  ahead  result  in 
goodwill impairment.
·Underlying operating result 2012 clearly positive.
·One-off non-cash  effects  of  shop  closures  and  goodwill 
impairment  totalling  -  €  136  million  result  in  substantially  negative 
operating result for 2012.
·Strong  financial   position,   even   after   non-recurring 
write-downs.
·Dividend policy to be continued.
·Objective for 2015: operating result of € 30 million to € 40
million.
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For the full press release see link below to PDF

Press release January 21, 2013

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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: Macintosh Retail Group NV via Thomson Reuters ONE
HUG#1671942
 
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