BJÖRN BORG AB YEAR END-REPORT JANUARY – DECEMBER 2017

1 OCTOBER – 31 DECMEBER, 2017             

  • The Group’s net sales fell 0.7 percent to SEK 170.3 million (171.4). Currency effects on sales were marginal in the quarter.
  • The gross profit margin was 58.3 percent (48.0).
  • Operating profit amounted to SEK 16.9 million (21.4).
  • Profit after tax amounted to SEK 11.0 million (17.9).
  • Earnings per share before and after dilution amounted to SEK 0.43 (0.74).

1 JANUARY – 31 DECEMBER, 2017

  • The Group’s net sales rose 10.3 percent to SEK 696.5 million (631.6). Excluding currency effects sales rose 9.6 percent.
  • The gross profit margin was 54.0 percent (50.3).
  • Operating profit amounted to SEK 55.4 million (64.2).
  • Profit after tax amounted to SEK 37.4 million (46.9).
  • Earnings per share before and after dilution amounted to SEK 1.48 (1.88).
  • 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

“The fourth quarter saw a significantly better gross profit margin than the previous year at 58.3 percent (48.0). We are increasing our costs, but this is essentially due to our Benelux acquisition,” commented 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

This information is information that Björn Borg AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at February 23, 2018 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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