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Last kr139.00 DKK
Change Today +2.00 / 1.46%
Volume 30.0
BOCONB On Other Exchanges
As of 10:59 AM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

boconcept holding a/s-b (BOCONB) Snapshot

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52 Week High
06/30/15 - kr153.00
52 Week Low
02/17/15 - kr64.00
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Current Stock Chart for BOCONCEPT HOLDING A/S-B (BOCONB)

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boconcept holding a/s-b (BOCONB) Details

BoConcept Holding A/S operates furniture retail chains worldwide. The company develops, supplies, and distributes furniture and lifestyle products for private homes. It offers wall systems, chests of drawers, media units, sideboards, shelves, sofas, sofa accessories, sofa sleepers, day beds, armchairs, foot stools, coffee and side tables, hallway furniture, mirrors, extendable dining and dining tables, console and bar tables, dining chairs, bar stools, sideboards, desks and chairs, nightstands, mattresses, bedspreads, wardrobes, and outdoor furniture. The company also provides accessories, such as vases, bowls and dishes, candlesticks, stools, sculptures, storage products, racks and hooks, clocks, frames, and table wares; textiles, including cushions, foot stools, throws, bedspreads, and oilcloth; rugs; paintings, photo and glass art, lithograph and canvas prints, and wall decorations; and lamps, such as floor, pendants, table, and wall lamps. It operates approximately of 253 BoConcept brand stores. BoConcept Holding A/S was founded in 1952 and is headquartered in Herning, Denmark.

612 Employees
Last Reported Date: 06/30/15
Founded in 1952

boconcept holding a/s-b (BOCONB) Top Compensated Officers

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boconcept holding a/s-b (BOCONB) Key Developments

BoConcept Holding A/S Reports Earnings Results for the Year 2014; Provides Earnings Guidance for the Year 2015

BoConcept Holding A/S reported earnings results for the year 2014. For the year, the company reported revenue rose to DKK 1,148 million, corresponding to an increase of 9.3%. Growth is primarily driven by progress in brand stores and a positive effect from foreign exchange rates. Profit before special items (EBIT before special items) amounted to DKK 15 million, equaling an EBIT% of 1.3%. The loss for the year was DKK 57 million. Cash flow from operating activities improved to DKK 19 million. The store closures under Horizon 16/17 will have their full impact and affect revenues in the 2015/2016 financial year. However, the momentum from campaign activity, a powerful collection and the activity level in the newly opened stores together with increased sales to contract customers should absorb the decline so that revenues will increase by approximately 2% on the 2014/2015 financial year. The company expects to raise EBIT% to approximately 4% in the 2015/2016 financial year, as collection update costs and provisions for bad debts are expected to decrease considerably.

BoconCept Holding A/S Revises Earnings Guidance for the Fiscal 2015

On the basis of its preliminary assessment of the accounting trends prevailing in the fourth quarter of fiscal 2015, the management of BoConcept Holding A/S reported that the group will generate higher revenues than previously expected. The improvement is attributable to a 10% growth in same-store-sales and a positive contribution from exchange rates. Based on this, the company made 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.

BoConcept Holding A/S Appoints Peter Linnet as Chief Operating Officer, Effective 4 May 2015

BoConcept Holding A/S announced that Peter Linnet will be joining the executive board on 4 May 2015 and taking up the position as Chief Operating Officer (COO). Peter Linnet comes from a position as Senior Vice President Supply Chain and Quality of Orifarm A/S. In BoConcept, Peter will cover supply chain areas including production, warehouses, logistics and customer service.


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