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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 

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 Q4 EBITDA up by 25 per cent to NOK 286 mln
Wednesday, 15 Feb 2017 

XXL ASA : Q4 total revenues of 2.15 billion Norwegian crowns ($256 million) (1.83 billion crowns year ago), up 18 per cent . Q4 EBITDA increased by 25 per cent to 286 million crowns .Proposes dividend of 2.00 crowns per share for 2016.  Full Article

XXL ASA Q2 EBITDA up at NOK 222 million
Friday, 22 Jul 2016 

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 

: 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 

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 

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

XXL ASA proposes FY 2015 dividend of NOK 2.00/shr
Friday, 19 Feb 2016 

XXL ASA:Dividend proposal of 2.00 Norwegian crowns per share for FY 2015​.  Full Article

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

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