BJÖRN BORG AB INTERIM REPORT JANUARY – JUNE 2016

1 APRIL – 30 JUNE, 2016           

  •  The Group’s net sales increased by 23.2 percent to SEK 122.2 million (99.2). Excluding currency effects, sales increased by 24.8 percent.
  •  The gross profit margin was 53.5 percent (53.0).
  •  Operating profit amounted to SEK 0.3 million, against a year-earlier loss of SEK 1.7 million.
  •  The loss after tax was SEK 2.2 million, against a year-earlier loss of SEK 2.3 million.
  •  Earnings per share before dilution amounted to SEK –0.09 (–0.04) and earnings per share after dilution amounted to SEK –0.08 (–0.04).

1 JANUARY – 30 JUNE, 2016

  •  The Group’s net sales increased by 21.7 percent to SEK 280.2 million (230.3). Excluding currency effects, sales increased by 22.4 percent.
  •  The gross profit margin was 51.5 percent (53.4).
  •  Operating profit amounted to SEK 14.2 million (11.2).
  •  Profit after tax amounted to SEK 4.3 million (12.6).
  •  Earnings per share before dilution amounted to SEK 0.20 (0.57) and earnings per share after dilution amounted to SEK 0.20 (0.57).

QUOTE FROM THE CEO                         
 
“During the quarter we strengthened our position as planned in sports and sports apparel, especially in our male target market. In one of our consumer surveys, 25 percent of respondents said they would buy athletic apparel from us, and in both the Netherlands and Norway we ranked fourth among men. We succeeded at the same time in maintaining our strong position in men’s underwear, where we remain number 1 in all our priority markets,” said CEO Henrik Bunge.

 
 
For further information, please contact:

Henrik Bunge, CEO, telephone +46 8 506 33 700
Daniel Grohman, CFO, telephone +46 8 506 33 700
 
Björn Borg is required to make public the information in this interim report in accordance with the Securities Market Act.
The information was released for publication on August 19, 2016 at 7:30 pm (CET).

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About Us

ABOUT BJÖRN BORG: The Group owns the Björn Borg trademark and its core business is underwear and sportswear. It also offers footwear, bags and eyewear through licensees. Björn Borg products are sold in around twenty markets, of which Sweden and the Netherlands are the largest. The Björn Borg Group has operations at every level from branding to consumer sales in its own Björn Borg stores. Total sales of Björn Borg products in 2016 for about SEK 1,6 billion, excluding VAT, at consumer level. Group net sales amounted to SEK around 632 MSEK in 2016, with an average of 133 employees. The Björn Borg share has been listed on NASDAQ Stockholm since 2007.

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