BJÖRN BORG AB INTERIM REPORT JANUARY – DECEMBER 2018

OCTOBER – 31 DECEMBER 2018     

  • The Group’s net sales increased 15.6 percent to SEK 196.9 million (170.3). Excluding currency effects, sales increased 11.6 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 36.3 million (29.4), an increase of 23.6 percent.
  • The gross profit margin was 55.5 percent (58.3).
  • Operating profit amounted to SEK 16.0 million (16.9).
  • Profit after tax amounted to SEK 14.6 million (11.0).
  • Earnings per share before and after dilution amounted to SEK 0.58 (0.43).

JANUARY – 31 DECEMBER 2018

  • The Group’s net sales increased 1.9 percent to SEK 709.6 million (696.5). Excluding currency effects, sales decreased 1.6 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 141.4 million (113.4), an increase of 24.7 percent.
  • The gross profit margin was 57.4 percent (54.0).
  • Operating profit amounted to SEK 71.0 million (55.4).
  • Profit after tax amounted to SEK 59.9 million (37.4).
  • Earnings per share before and after dilution amounted to SEK 2.39 (1.48).
  • 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).
  • Björn Borg’s long-term financial goals, that were concluded 2015 for the period 2015 – 2019, have been updated.

QUOTE FROM THE CEO

“Our e-tailers continue to produce results and this customer group saw growth of 54.2 percent in the quarter,” commented CEO Henrik Bunge.
  
For further information, please contact:
Henrik Bunge, CEO, telephone +46 8 506 33 700
Jens Nyström, 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, February 22, 2019 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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