BJÖRN BORG AB YEAR END-REPORT JANUARY – DECEMBER 2016

1 OCTOBER – 31 DECMEBER, 2016             

  • The Group’s net sales increased by 12.3 percent to SEK 171.4 million (152.6). Excluding currency effects, sales rose by 10.2 percent.
  • The gross profit margin was 48.0 percent (51.8). Excluding currency effects, the margin was 49.9 percent.
  • Operating profit amounted to SEK 21.4 million (14.6).
  • Profit after tax was SEK 17.9 million (7.3).
  • Earnings per share before and after dilution amounted to SEK 0.74 (0.34).

1 JANUARY – 31 DECEMBER, 2016

  • The Group’s net sales increased by 10 percent to SEK 631.6 million (574.3). Currency effects were marginal.
  • The gross profit margin was 50.3 percent (52.4). Excluding currency effects, the margin was 50.7 percent.
  • Operating profit amounted to SEK 64.2 million (58.6).
  • Profit after tax amounted to SEK 46.9 million (41.6).
  • Earnings per share before and after dilution amounted to SEK 1.88 (1.79)
  • The Board of Directors has decided to propose to the Annual General Meeting a distribution of SEK 2.00 (2.00) per share, totaling SEK 50.3 million (50.3).

 
QUOTE FROM THE CEO

“We finished the year very strongly, and two years and four months after the launch of our business plan, Northern Star, we closed the books on another year in which we improved our key indicators,” 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 according to the EU’s Market Abuse Regulation.
The information was released for publication on February 17, 2017 at 7:30 am (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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