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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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