BJÖRN BORG AB INTERIM REPORT JANUARY – SEPTEMBER 2015

STRONG QUARTER

1 JULY – 30 SEPTEMBER, 2015                 

  • The Group’s net sales increased by 17 percent to SEK 191.4 million (163.7). Excluding currency effects, sales rose by 8 percent.
  • The gross profit margin was 51.9 percent (52.4).
  • Operating profit amounted to SEK 32.9 million (32.8).
  • Profit after tax amounted to SEK 21.7 million (24.0).
  • Earnings per share before dilution amounted to SEK 0.88 (1.00) and after dilution amounted to SEK 0.84 (1.00).
  • Brand sales* (excluding VAT) increased by 5 percent to SEK 473 million (452). Excluding currency effects, the increase was 4 percent.

1 JANUARY – 30 SEPTEMBER, 2015

  • The Group’s net sales increased by 5 percent to SEK 421.7 million (403.5). Excluding currency effects, sales decreased by 3 percent.
  • The gross profit margin was 52.7 percent (52.6).
  • Operating profit amounted to SEK 44.0 million (52.4).
  • Profit after tax amounted to SEK 34.3 million (41.7).
  • Earnings per share before dilution amounted to SEK 1.45 (1.76) and after dilution amounted to SEK 1.32 (1.76).
  • The comparative period in 2014 includes delayed shipments, which increased revenue for the first nine months by about SEK 25 million and operating profit by about SEK 12 million.
  • Brand sales* (excluding VAT) increased by 2 percent to SEK 1,113 million (1,088). Excluding currency effects, brand sales were unchanged year-on-year.

 
QUOTE FROM THE CEO

“In total Björn Borg’s sales increased in the third quarter by 17 percent compared with the same quarter in 2014. From a historical standpoint I would note that this made the third quarter the company’s best ever in terms of sales,” 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 November 6, 2015 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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