BJÖRN BORG AB INTERIM REPORT JANUARY – JUNE 2019

APRIL 1 – JUNE 30, 2019      

  • The Group’s net sales increased 1.0 percent to SEK 141.7 million (140.3). Excluding currency effects, sales fell 2.2 percent.
  • Net sales for own e-commerce and to e-tailers amounted to SEK 32.1 million (31.0), an increase of 3.5 percent.
  • The gross profit margin was 55.4 percent (59.9).
  • The operating loss was SEK 1.7 million (+2.9).
  • The loss after tax amounted to SEK 2.3 million (+1.5).
  • Earnings per share before and after dilution amounted to SEK –0.09 (0.06).

JANUARY 1 – JUNE 30, 2019 

  • The Group’s net sales increased 6.6 percent to SEK 329.9 million (309.5). Excluding currency effects, sales rose 2.9 percent.
  • Net sales for own e-commerce and to e-tailers amounted to SEK 85.0 million (66.0), an increase of 28.7 percent.
  • The gross profit margin was 56.2 percent (58.3).
  • Operating profit amounted to SEK 16.9 million (18.0).
  • Profit after tax amounted to SEK 14.6 million (16.3).
  • Earnings per share before and after dilution amounted to SEK 0.58 (0.66).

QUOTE FROM THE CEO 

“We saw very good sales growth at the wholesale level in the Netherlands, 34 percent adjusted for currencies. Sweden and Germany also reported good growth,” 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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above on August 17, 2018 at 7:30 am (CET).

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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