BJÖRN BORG AB INTERIM REPORT JANUARY – SEPTEMBER 2019

JULY 1 – SEPTEMBER 30, 2019          

  • The Group’s net sales increased 13.5 percent to SEK 230.6 million (203.1). Excluding currency effects, sales rose 11.5 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 57.8 million (49.5), an increase of 16.9 percent.
  • The gross profit margin was 52.5 percent (57.7).
  • Operating profit amounted to SEK 33.1 million (37.0).
  • Profit after tax amounted to SEK 27.0 million (29.0).
  • Earnings per share before and after dilution amounted to SEK 1.07 (1.15).

JANUARY 1 – SEPTEMBER 30, 2019

  • The Group’s net sales increased 9.3 percent to SEK 560.4 million (512.7). Excluding currency effects, sales rose 6.3 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 143.0 million (116.3), an increase of 23.0 percent.
  • The gross profit margin was 54.7 percent (58.1).
  • Operating profit amounted to SEK 49.9 million (55.0).
  • Profit after tax amounted to SEK 41.6 million (45.3).
  • Earnings per share before and after dilution amounted to SEK 1.66 (1.81).

QUOTE FROM THE CEO

It is mainly our sports apparel collection that is driving growth, and I would add that our fall collection has been fantastically received by consumers”, 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 November 15, 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 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.

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