Trading update for Q3 2016/17 – satisfactory Christmas trade – guidance unchanged

Matas A/S
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Trading update for Q3 2016/17 – satisfactory Christmas trade - guidance
unchanged

Company announcement 41 2016/17

Allerød, 2017-01-10 08:46 CET (GLOBE NEWSWIRE) -- Total revenue for Q3 2016/17
(three months ended 31 December 2016) was DKK 1,064 million, which was 1.2%
higher than in the same period of 2015/16. 

The like-for-like growth rate for our own stores was 1.3% in Q3 2016/17. The
like-for-like growth rate for the first nine months of 2016/17 was 1.0%. 

Terje List, Chief Executive Officer, states: ”In a market with continually
intensifying competition, we are pleased to have achieved a positive
like-for-like growth in the important third quarter.Strong sales growth on
Black Friday and online as well as a very good sales development in StyleBox
with the new M·A·C shop-in-shops contributed to the positive development. A
large thank you to our employees for a solid effort over the Christmas period
and on Black Friday.” 

The guidance for the full year remains unchanged from our previous guidance of
a like-for-like revenue growth for 2016/17 of 0-2%. The EBITA margin for the
2016/17 financial year continues to be expected to be realised at a level of
around 16.0%. 

The interim report for the first nine months of 2016/17 will be released on 8
February 2017. 







Matas A/S















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