BJÖRN BORG AB INTERIM REPORT JANUARY – SEPTEMBER 2016

JULY 1 – SEPTEMBER 30, 2016             

  • The Group’s net sales amounted to SEK 180.0 million (191.4), a decrease of 6.0 percent. Excluding currency effects, sales decreased by 5.6 percent.
  • The gross profit margin was 50.4 percent (51.9).
  • Operating profit amounted to SEK 28.6 million (32.9).
  • Profit after tax was SEK 24.7 million (21.7).
  • Earnings per share before dilution amounted to SEK 0.95 (0.88) and earnings per share after dilution amounted to SEK 0.95 (0.88).

JANUARY 1 – SEPTEMBER 30, 2016

  • The Group’s net sales increased by 9.1 percent to SEK 460.2 million (421.7). Excluding currency effects, sales increased by 9.7 percent.
  • The gross profit margin was 51.1 percent (52.7).
  • Operating profit amounted to SEK 42.8 million (44.0).
  • Profit after tax amounted to SEK 29.0 million (34.3).
  • Earnings per share before dilution amounted to SEK 1.14 (1.45) and earnings per share after dilution amounted to SEK 1.14 (1.45).

QUOTE FROM THE CEO

“The high point of the quarter was our work with consumer tests, where the end consumers who tested our functional underwear without exception wanted to buy them,” 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 November 14, 2016 at 7:30 am (CET).

Tags:

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 2018 for about SEK 1,6 billion, excluding VAT, at consumer level. Group net sales amounted to SEK around 710 MSEK in 2018, with an average of 213 employees. The Björn Borg share has been listed on Nasdaq Stockholm since 2007.

Subscribe

Documents & Links