Trading update for Q3 2015/16 – guidance unchanged

Matas A/S
Interim report

Trading update for Q3 2015/16 – guidance unchanged

Announcement 23 2015/16

Allerød, 2016-01-08 08:31 CET (GLOBE NEWSWIRE) -- Total revenue for Q3 2015/16
(three months ended 31 December 2015) was DKK 1,051 million, which was 1.0%
higher than in the same period of 2014/15. 

The like-for-like growth rate for our own stores was 1.5% in Q3 2015/16. The
like-for-like growth rate for the first nine months of 2015/16 was 0.8%. 

The Christmas trade was in line with expectations. General retail sales data
have not yet been published for the Christmas trade in Denmark, but the Danish
Chamber of Commerce has estimated it to have grown approximately 1.5% in real
terms, compared with the Christmas trade in 2014. 

Terje List, Chief Executive Officer, states: “”We welcome the higher growth,
compared to the preceding quarters of the financial year. We are pleased with
our execution, over the Christmas period and on the big Black Friday, both in
the stores and in the web shop. We view it as a vote of confidence in our
concept, that the customers has maintained Matas as one of their preferred
Christmas shopping destinations.” 

The guidance for the full year remains unchanged from our previous guidance of
a revenue for 2015/16 of around DKK 3.45 billion based on an expected
like-for-like growth rate for 2015/16 of around 1%. The EBITA margin is still
expected to be realised at a level of around 17.0%. 

The interim report for the first nine months of 2015/16 will be released on 9
February 2016. 

 Matas A/S

Please address any questions to Søren Mølbak, Head of Investor Relations, at
tel +45 48 1655 48.