RNB Retail posts 32.8 percent drop in Q4 comparable sales

For the fourth quarter, RNB Retail said net sales decreased to 326 million Swedish krona, while comparable sales for the group on all national markets decreased by 32.8 percent. The company said in a statement that sales for comparable units in Sweden decreased by 35.5 percent, compared to the market downturn of 18.4 percent and operating income was negative 17 million Swedish krona, adjusted operating income was negative 47 million Swedish krona. The company reported profit after tax negative 50 million Swedish krona, while earnings per share were negative 0.49 Swedish krona compared to negative 3.13 Swedish krona in the fourth quarter of the previous year.