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Last kr180.50 DKK
Change Today -3.50 / -1.90%
Volume 3.4K
BOCONB On Other Exchanges
Symbol
Exchange
Copenhagen
OTC US
As of 10:59 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

boconcept holding a/s-b (BOCONB) Snapshot

Open
kr184.00
Previous Close
kr184.00
Day High
kr185.00
Day Low
kr177.00
52 Week High
09/1/15 - kr185.00
52 Week Low
02/17/15 - kr64.00
Market Cap
516.6M
Average Volume 10 Days
7.9K
EPS TTM
kr-9.59
Shares Outstanding
2.6M
EX-Date
08/28/15
P/E TM
--
Dividend
--
Dividend Yield
--
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.

599 Employees
Last Reported Date: 08/27/15
Founded in 1952

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

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Executives, Board Directors

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

Boconcept Holding A/S Reports Consolidated Earnings Results for the First Quarter Ended July 31, 2015; Provides Earnings Guidance for the Fiscal Year 2016

BoConcept Holding A/S reported consolidated earnings results for the first quarter ended July 31, 2015. For the quarter, the company reported revenue of DKK 306.900 million against DKK 267.191 million a year ago. Operating profit before special items was DKK 29.445 million against operating loss before special items of DKK 5.581 million a year ago. Profit from operating activities was DKK 29.445 million against operating loss from operating activities of DKK 5.581 million a year ago. Profit before tax was DKK 29.321 million against loss before tax of DKK 7.518 million a year ago. Profit for the period was DKK 24.134 million or DKK 8.50 per basic and diluted share against loss for the period of DKK 5.956 million or DKK 2.08 per basic and diluted share a year ago. Cash flow from operating activities was DKK 25.742 million against cash flow used in operating activities of DKK 27.321 million a year ago. This was mainly due to the significant improvement in operating profit and lower capital tie-up in working capital net. Acquisition of intangible assets was DKK 0.839 million against DKK 1.815 million a year ago. Same-store-sales (order intake) were up by 16%. EBITDA was DKK 37.4 million against DKK 3.6 million a year ago. Return on equity was 15.2% compared to negative return on equity of 3.5% a year ago. Book value per share was DKK 63.5 compared to DKK 72 a year ago. For the fiscal year 2016, the company expects revenue growth of about 2% and an EBIT percentage of about 4%, significantly lower provisions for bad debts and lower expenses for collection updates.

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.

 

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Price/Book 2.9x
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