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Venue Retail Group AB (VRGb.ST)

VRGb.ST on Stockholm Stock Exchange

1.72SEK
23 May 2017
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Latest Key Developments (Source: Significant Developments)

Venue Retail Group turns to Q2 net profit
Wednesday, 5 Apr 2017 02:00am EDT 

Venue Retail Group Ab : Q2 revenues sek 249.8 million (240.4) . Q2 net result sek 3.1 million (-138.3) .Q2 gross margin 49.0 percent (48.0).  Full Article

Venue Retail Group swings to Q1 net profit
Tuesday, 20 Dec 2016 02:00am EST 

Venue Retail Group AB : Q1 net result SEK 5.2 million (-18.4) .Q1 gross margin 57.1‍​ pct (55.1).  Full Article

Venue Retail Group implements new strategy, sets new targets, issues shares
Thursday, 24 Mar 2016 03:20am EDT 

Venue Retail Group AB:Says sets new financial targets, adpopts new strategy‍​.Board decides on fully guaranteed 132 million Swedish crown new preferential rights issue.Subscription price in 132 million crown issue 1 crown per series B share.Board proposes directed issue of series C shares to all holders of the convertible loan of around 79 million crown convertible loan.Says guaranteed issue and convertible loan redemption adds total 211 million crowns in equity‍​​.Says to close 35 stores.Overview and closing of stores will give one-off costs of 164 million crowns of which 119 million crowns will hit Q2 and 45 million crowns in Q3.Sets new target to reach 5-7 percent EBIT margin on accessories within 3-5 years​​.Sets new target to reach 7-9 pct EBIT margin on shoes within 3-5 years.Strategic review includes among other things structural transactions, capital structure and other possible changes, all in order to achieve a long-term financial stability and profitability.Parallel to the long-term package of measures, the company will continue to evaluate other strategic alternatives in order to quickly achieve satisfactory profitability.  Full Article

Venue Retail Group proposes new issue of convertibles and shares
Wednesday, 23 Sep 2015 02:05am EDT 

Venue Retail Group AB:Says proposes directed convertibles issue and new share issue to Staffan Persson.Says proposes to issue at least 50 million Swedish crowns in convertibles to institutional investors.Says proposes new issue of shares at 12 crowns per share to Staffan Persson.  Full Article

Venue Retail Group announces Jonas Ottosson new CEO
Thursday, 25 Jun 2015 09:05am EDT 

Venue Retail Group AB:Announces Jonas Ottosson new CEO.Jonas Ottosson will start in his new role on Oct. 1.Christel Kinning will continue as acting CEO until Jonas Ottosson takes over.  Full Article

More From Around the Web

BRIEF-Venue Retail Group turns to Q2 net profit

* Q2 gross margin 49.0 percent (48.0) Source text for Eikon: Further company coverage: (Reporting by Stockholm Newsroom)