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BJÖRN BORG AB INTERIM REPORT JANUARY – JUNE 2020

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APRIL 1 – JUNE 30, 2020   

  • The Group’s net sales increased 4.4 percent to SEK 148.0 million (141.7). Excluding currency effects, sales rose 8.0 percent.
  • Net sales for own e-commerce increased 77 percent to SEK 20.3 million (11.5). Net sales for own e-commerce and e-tailers amounted to SEK 50.1 million (31.6), an increase of 58 percent.
  • The gross profit margin was 49.1 percent (55.4).
  • The operating loss amounted to SEK –13.4 million (–1.7).
  • The loss after tax amounted to SEK –18.8 million (–2.3).
  • Earnings per share before and after dilution amounted to SEK –0.75 (–0.09).

JANUARY 1 – JUNE 30, 2020

  • The Group’s net sales decreased 3.0 percent to SEK 319.9 million (329.9). Excluding currency effects, sales rose 0.6 percent.
  • Net sales for own e-commerce increased 47 percent to SEK 37.7 million (25.7). Net sales for own e-commerce and e-tailers amounted to SEK 102.8 million (85.1), an increase of 21 percent.
  • The gross profit margin was 51.8 percent (56.2).
  • The operating loss amounted to SEK –6.2 million (16.9).
  • The loss after tax amounted to SEK –8.2 million (14.6).
  • Earnings per share before and after dilution amounted to SEK –0.33 (0.58).
     

QUOTE FROM THE CEO

“I am proud of how all our employees have acted in a very challenging time. We have demonstrated an ability to quickly adapt and drive our business to the consumer, with sales to the company’s e-commerce partners, and also our own e-commerce, where sales rose 77 percent”, 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 18, 2020 at 7:30 am (CET).

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Q2 2020 Björn Borg Q2

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