Please find attached the Annual Report 2016 from XXL ASA, including the annual accounts, financial statements and Board of Directors report. There is a deviation from the Q4 2016 report regarding the income tax expenses that have decreased by NOK 15 million to NOK 126 million for 2016. The effective tax rate for 2016 was 19.7 per cent and the net income for 2016 increased to NOK 516 million.
The report is also available on www.xxlasa.com/annual-reports
For further queries, please contact:
Tolle O. R. Grøterud
Investor Relations XXL ASA
Tel: +47 90 27 29 59
E-mail: ir@xxlasa.com
About XXL ASA
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden, Finland and Denmark. It is the largest and fastest growing among the major sports retailers in the Nordic. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL's concept is to have the largest stores with the lowest prices and the widest assortment of products, focusing on branded goods.