Oslo, Norway, 16 March 2021 - As stated in the Q4 2020 report announced on 5 February 2021, the Norwegian authorities started to temporarily close down retail trade other than food, pharmacies and other important supply functions in Norway late January 2021. Since then several XXL stores have been closed, re-opened and some closed again on short notice. The information regarding our stores is at any point of time updated and available onhttps://www.xxl.no/store-finder

Yesterday evening, with effect from today 16March 2021 and until mid-April, the Norwegian authorities expanded the temporarily close down of retail trade in several parts of Norway, including greater Oslo area and Viken. Consequently as of now 17 out of 37 XXL stores in Norway are closed, as well as its subsidiary West System Norge AS, in total representing approximately 50 per cent of total operating revenues in Norway and 20 per cent for the Group.

Norwegian authorities will continuously update on changes in the restrictions, as well as potential new regulations. XXL monitors the situation closely and will initiate actions to compensate for lost sales in stores and reduce costs during this period. In order to further boost its online sales, XXL has introduced free freight and live chat in the affected areas. XXL will at all times follow the regulations imposed by the authorities.

For further queries, please contact:

Press contact:

Andreas Nyheim

Tel: + 47 952 11 779

Email: presse@xxl.no

Investor Relations

Tolle O. R. Grøterud

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, Denmark and Austria. It is the largest among the major sports retailers in the Nordics. 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 best prices and the widest assortment of products, focusing on branded goods.

Attachments

  • Original document
  • Permalink

Disclaimer

XXL ASA published this content on 16 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2021 03:33:02 UTC.