BJÖRN BORG AB INTERIM REPORT JANUARY – SEPTEMBER 2018

1 JULY – 30 SEPTEMBER 2018

  • The Group’s net sales decreased 1.3 percent to SEK 203.1 million (205.7). Excluding currency effects sales decreased 6.1 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 44.0 million (35.8), an increase of 23 percent.
  • The gross profit margin was 57.7 percent (56.3).
  • Operating profit amounted to SEK 37.0 million (32.0).
  • Profit after tax amounted to SEK 29.0 million (24.6).
  • Earnings per share before and after dilution amounted to SEK 1.15 (0.98).

1 JANUARY – 30 SEPTEMBER 2018

  • The Group’s net sales decreased 2.6 percent to SEK 512.7 million (526.2). Excluding currency effects sales decreased 5.8 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 104.9 million (84.1), an increase of 25 percent.
  • The gross profit margin was 58.1 percent (52.6).
  • Operating profit amounted to SEK 55.0 million (38.5).
  • Profit after tax amounted to SEK 45.3 million (26.3).
  • Earnings per share before and after dilution amounted to SEK 1.81 (1.04).

QUOTE FROM THE CEO

“Thanks to a higher gross profit margin and lower costs, we raised operating profit to SEK 37.0 million (32.0), an increase of 16 percent for the third quarter,” 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 on November 16, 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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