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XXL ASA (XXLA.OL)

XXLA.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

XXL ASA Q3 EBITDA NOK ‍252​ mln, beats expectations
Wednesday, 25 Oct 2017 01:01am EDT 

Oct 25 (Reuters) - XXL ASA :Q3 REVENUE NOK ‍2.42​ BILLION (REUTERS POLL NOK 2.46 BILLION).Q3 EBITDA NOK ‍252​ MILLION (REUTERS POLL NOK 242 MILLION).SAYS ‍WILL INVEST IN INFRASTRUCTURE, IT AND TRAINING FACILITIES.​.‍INVESTMENTS ARE EXPECTED TO BE IN RANGE OF NOK 70-90 MILLION FOR 2017​.  Full Article

XXL ASA opens the first store in Austria
Friday, 25 Aug 2017 07:45am EDT 

Aug 25 (Reuters) - XXL ASA :XXL ASA - OPENING THE FIRST STORE IN AUSTRIA.‍WILL OPEN ITS FIRST STORE IN AUSTRIA, IN SHOPPING CITY SÜD IN VIENNA.​.  Full Article

XXL Q2 EBITDA at NOK NOK 211
Friday, 21 Jul 2017 12:59am EDT 

July 21 (Reuters) - XXL ASA ::Q2 REVENUE NOK ‍2.05​ BILLION (REUTERS POLL NOK 2.18 BILLION)​.Q2 ‍EBITDA FOR GROUP AMOUNTED TO NOK 211 MILLION WITH A CORRESPONDING MARGIN OF 10.3 PER CENT.MMAINTAINS FOLLOWING LONG TERM OBJECTIVES.MAINTAINS LIKE-FOR-LIKE GROWTH OF MID-SINGLE DIGITS OVER TIME INCLUDING E-COMMERCE‍​​.BOTH GROSS MARGIN AND EBITDA-MARGIN FOR THE GROUP WILL BE NEGATIVELY AFFECTED BY THE ESTABLISHMENT IN NEW MARKETS.  Full Article

XXL Q1 EBITDA NOK 34 mln, below expectations
Wednesday, 26 Apr 2017 12:59am EDT 

April 26 (Reuters) - XXL ASA ::Q1 TOTAL REVENUE NOK 1.71 BILLION (REUTERS POLL NOK 1.81 BILLION).Q1 EBITDA NOK 34 MILLION (REUTERS POLL NOK 51.9 MILLION).THE AIM FOR 2017 IS 10-12 NEW STORES IN TOTAL..SAYS BOTH GROSS MARGIN AND EBITDA-MARGIN FOR GROUP WILL BE NEGATIVELY AFFECTED BY ESTABLISHMENT IN NEW MARKETS.XXL WILL INVEST IN INFRASTRUCTURE, IT AND TRAINING FACILITIES. THESE INVESTMENTS ARE EXPECTED TO BE IN THE RANGE OF NOK 70-90 MILLION FOR 2017..  Full Article

XXL ASA to repurchase own shares
Wednesday, 22 Feb 2017 02:29am EST 

XXL ASA : Initiates a program to buy- back own shares . Share buy-back program will commence on Feb. 23 and will continue until the end of March .The total number of shares to be acquired is up to 116,000 shares.  Full Article

XXL ASA Q3 EBITDA incl. one-offs increases to NOK 214 mln YOY
Wednesday, 26 Oct 2016 01:00am EDT 

XXL ASA : Q3 total revenue 2.08 billion norwegian crowns ($251.48 million) versus 1.75 billion crowns year ago . Q3 EBITDA incl. one-offs 214 million crowns versus 201 million crowns year ago . Intends to open at least one store in Austria, and possibly two stores, late 2017 and to launch E-commerce from the same date as the first store opening . CAPEX per store will be in the range of 1.7 million euros ($1.85 million)- 1.9 million ($2.07 million) euros and an average pay-back per store of 4-5 years . Average sale per store is expected to be around 12 million euros .XXL expects between 15-20 stores in total in the Austrian market.  Full Article

XXL ASA Q2 EBITDA up at NOK 222 million
Friday, 22 Jul 2016 12:59am EDT 

XXL ASA : Q2 revenue 1.90 billion Norwegian crowns ($223.8 million)versus 1 54 billion crowns in Q2 2015), up 24 per cent . Q2 EBITDA 222 million crowns versus 201 million crowns year ago . Says due to more stores and growth in e-commerce in Norway will invest in the central warehouse in 2016 . Will increase the capacity of the autostore system in Sweden in 2016 .Total infrastructure investments will be in the range of 50 million-65 million crowns in 2016.  Full Article

Norwegian sports retailer XXL to launch in Austria in late 2017 or early 2018
Friday, 22 Jul 2016 12:59am EDT 

: Norwegian sports retailer XXL, which owns stores and e-commerce in Norway, Sweden, Finland and Denmark, plans to expand to Austria . CEO Fredrik Steenbuch says this will happen in late 2107 or at the start of 2018 . CEO says we have to find the right location at the right price . Comments come after announcement of second quarter results on Thursday . For 2016 XXL says in the report it has signed 12 new lease agreements to open 7 stores in Norway, 2 in Sweden and 3 in Finland. The numbers include 5 stores that XXL has opened so far in 2016 . Second quarter revenues rose 24 percent to 1.9 billion Norwegian crowns ($223 mln) . Second quarter EBITDA rose 10 percent to NOK 222 mln .Outlook: EBITDA percentage margins are seen stable as a result of stable gross margins and operating expenses. In Norway at low 20s, in Sweden low double digits and in Finland high single digits.  Full Article

XXL ASA: End of program to repurchase own shares
Thursday, 31 Mar 2016 10:51am EDT 

XXL ASA:End of program to repurchase own shares.Announced a program to buy-back own shares on Feb. 26, 2016 and has on March 31, 2016 completed program.Purchased a total of 97,000 shares in market at an average price of 97.69 Norwegian crowns ($11.80) per share, for an aggregate consideration of 9,476,008 crowns.  Full Article

XXL settles tax claim with Skatt Ost
Tuesday, 29 Mar 2016 10:45am EDT 

XXL ASA:Settlement of tax claim.Total tax cost under draft decision was 198 million Norwegian crowns, including withholding tax and penalty tax.Has settled agreement with Skatt Ost (Norwegian tax authorities).Under agreement net tax effect for XXL is 38 million crowns.There will be no withholding tax or penalty tax added.  Full Article

BRIEF-XXL ASA Q3 EBITDA NOK ‍252​ mln, beats expectations

* Q3 REVENUE NOK ‍2.42​ BILLION (REUTERS POLL NOK 2.46 BILLION)