Becoming the #1 sports fashion brand for people who want to feel active and attractive.

Ticker:
BORG
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Corporate

Latest info

Latest report
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Q3 report (SWE)
Key figures (SWE)
Key figures
Upcoming event
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Presentation of Q2 2026 Report
Aug 14, 2026
-
Latest press release
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Q1 summary

“What I'm most pleased about is our continued strong growth in sportswear, which amounted to 24 percent”
Comment from CEO, Henrik Bunge.
Read interactive report

Q3 2024 summary

Our chosen growth market, Germany, continued to develop very positively. During the quarter, we increased our presence with growth of 44 percent.
Comment from CEO, Henrik Bunge.
Webcast coming soon

Q3 2024 highlights

285.1
Group's net sales (mSEK)
10.4
Currency-neutral increase in net sales (%)
42
Operating profit (mSEK)
Q2 2025 highlights
Q1 2026 highlights
Read Q1 2026 report
£34.2m
Adjusted EBTDA
(Q1 2023: £7.0m)
+9%
+389%
300.6m
Net sales, SEK
(Q1 2025: 280.0)
+2.1%
+107.5%
46.9m
Operating profit, SEK
(Q1 2025: 34.2m)
+10.3%
+419%
54.0%
Gross profit margin
(Q1 2025: 49.9%)
+1076%
36.9m
Profit after tax, SEK
(Q1 2025: 35.9m)

Analyst reports

Björn Borg Q1'26: Stark rapport i tufft klimat
Published by
Inderes.
on
May 6, 2026
Björn Borg Q1'26: Stark rapport i tufft klimat
Published by
Inderes.
on
May 6, 2026
Strong wholesale growth and group margins - Q1 review
Published by
DNB Carnegie
on
April 29, 2026
Q4'25: Margin strength drive an upgrade
Published by
Inderes.
on
February 16, 2026
Strong EBIT, key areas solid but with exceptions – Q4 review
Published by
DNB Carnegie
on
February 16, 2026
Anticipated margin expansion materialising - Q3 review
Published by
CARNEGIE ACCESS
on
November 17, 2025
Björn Borg Q3'25: Solid Q3-rapport, men värderingen är fortsatt ansträngd
Published by
Inderes.
on
November 17, 2025
Björn Borg Q2'25: Spelar offensivt för tillväxt, marginalerna under uppsikt
Published by
Inderes.
on
August 18, 2025
Anticipating growth on tough comparisons - Q2 preview
Published by
CARNEGIE ACCESS
on
July 25, 2025
Growth in key categories and sales channels - Q1 review
Published by
CARNEGIE ACCESS
on
May 16, 2025
Björn Borg Q1'25: Stabilt kvartal, men värderingen har sprungit iväg
Published by
Inderes.
on
May 16, 2025
Solid Growth Across Key Focus Areas
Published by
Analyst Group
on
November 20, 2024
Stark online-tillväxt och uppdaterade finansiella mål
Published by
PENSER ACCESS BY CARNEGIE
on
November 18, 2024
Comment on Björn Borgs Q3 Report for 2024
Published by
Analyst Group
on
November 15, 2024
Strong Performance Across All Product Categories
Published by
Analyst Group
on
August 21, 2024
Q2'24: Running fast in the second quarter
Published by
Inderes.
on
August 19, 2024
Björn Borg initiation of coverage: Serving up profitable growth
Published by
Inderes.
on
August 7, 2024
Stark EBIT-tillväxt i integrationspräglat Q2
Published by
PENSER ACCESS BY CARNEGIE
on
July 19, 2024
Tillväxtresan förväntas ta fart - Q2 preview
Published by
PENSER ACCESS BY CARNEGIE
on
July 3, 2024
Our goal is clearer than ever

To be the #1 sports fashion brand for people who want to feel active and attractive.

Learn how we operate
Learn about our operational framework
Female tennis player in black sleeveless top holding racket and ball on a clay court at sunset
Our goal is clearer than ever

To be the #1 sports fashion brand for people who want to feel active and attractive.

Learn about our operational framework
Man in Bjorn Borg olive green t-shirt and white cap standing at the helm of a classic wooden motorboat on open water
Female tennis player in black sleeveless top holding racket and ball on a clay court at sunset

Why invest in Björn Borg?

1.
Strong underwear business with clear growth potential in sports apparel.
Sports apparel huge market
While maintaining a strong position in male underwear in our core markets, we are gaining ground within sports apparel.
Top-of-mind awareness
The awareness of our brand is very high – market leader in the Nordics with a strong continental bridgehead in the Benelux.
Brand that reaches end consumers through any channel
Björn Borg has, during the past few years, shifted its focus from own retail to our own and other retailers’ online shops, while maintaining business with traditional wholesale customers. Our own e-com business is rapidly gaining ground.
Woman in white Bjorn Borg sports bra wearing cap standing outdoors shading her eyes and smiling in bright sunlightMan and woman in Bjorn Borg black underwear and athletic wear doing a high-five plank exercise on a stone wall by the sea
Man and woman in Bjorn Borg tennis and casual wear sitting together on a courtside bench with rackets and sports bags
2.
Proven track record of steady profitable growth.
High margins
Björn Borg has a history of solidity and an operating margin of around 10%. The continuously refined business model is one of the explanations behind the high solidity.
Stable finances
Focus on profitability in all channels.
Safe equity ratio of above 50% and secured long-term financing.
Long-term financial objectives
  • Annual sales growth of minimum 10 percent.
  • Aiming for an operating margin of a minimum of 10 percent.
  • An annual dividend of at least 50 percent of net profit.
  • The equity/assets ratio should not fall below 35 percent.
3.
Convincing strategy.
Framework of success
We use a simple framework that offers the key to our future success. We call it the “Björn Borg Framework for Performance”.
Strategic alignment
Focus on three cross-functional strategic themes:
  • Consumer-centric organisation. The product is not sold until the consumer has it.
  • Build one sports fashion brand. We look the same and sound the same on all channels.
  • Our biggest asset is the team. We have a strong value-based performance culture, including a process for organisational efficiency.
Male tennis player in blue gradient Bjorn Borg shirt and white shorts celebrating with fist pump on a green hard courtFemale tennis player in white Bjorn Borg dress and top celebrating a point on a green hard court holding racket and ball
Woman facing away from camera wearing cream Bjorn Borg sweatshirt with health body soul text, pulling hair up by the ocean
4.
Broad target group & versatile range = more prospective consumers.
The people who train to live, not live to train.
  • Our target group is wide. It is not that of the training freak. It is a person that knows that life is more than what they lift, run or bend.
  • Data-driven communication – our communication is based on facts and data based on market insights.
  • Our direct relationship with our target group in social media builds trust and loyalty.
5.
Sustainable business.
  • Sustainability one of top three business focus areas
  • Roadmap signed off by board and management team
  • Functional goals down to individual level
  • Committed to cutting carbon emissions in half by 2030 from a 2020 base year
Smiling woman in black Bjorn Borg sports bra running outdoors surrounded by friends in matching athletic wear in a forest settingMan and woman in Bjorn Borg running gear jogging side by side on a tree-lined path through a lush green forest
Woman in white Bjorn Borg sports bra and grey shorts dancing energetically on a sandy beach at sunset with two shirtless men
6.
Strong and stable management.
The Björn Borg management team has one representative & specialist of every function within the company. These functional areas are, apart from CEO: Design, product development and sustainability; creative direction, global operations, finances, marketing, e-commerce, sales and human resources.

The management team is evaluated each year in an anonymous employee survey and enjoys an 84% trust in their work, while the company’s middle management gets an equivalent of 88%. The employee engagement rate is 83%.

Six reasons to invest

1.
Strong underwear business with clear growth potential in sports apparel.
Sports apparel huge market
While maintaining a strong position in male underwear in our core markets, we are gaining ground within sports apparel.
Top-of-mind awareness
The awareness of our brand is very high – market leader in the Nordics with a strong continental bridgehead in the Benelux.
Brand that reaches end consumers through any channel
Björn Borg has, during the past few years, shifted its focus from own retail to our own and other retailers’ online shops, while maintaining business with traditional wholesale customers. Our own e-com business is rapidly gaining ground.
Four runners in autumn athletic wear jogging along a leaf-covered park path lined with golden trees beside a lake
2.
Proven track record of steady profitable growth.
High margins
Björn Borg has a history of solidity and an operating margin of around 10%. The continuously refined business model is one of the explanations behind the high solidity.
Stable finances
- Focus on profitability in all channels.
- Safe equity ratio of above 50% and secured long-term financing.
Long-term financial objectives
- Annual sales growth of minimum 10 percent.
- Aiming for an operating margin of a minimum of 10 percent.
- An annual dividend of at least 50 percent of net profit.
- The equity/assets ratio should not fall below 35 percent.
3.
Convincing strategy.
Framework of success
We use a simple framework that offers the key to our future success. We call it the “Björn Borg Framework for Performance”.
Strategic alignment
Focus on three cross-functional strategic themes:
- Consumer-centric organisation. The product is not sold until the consumer has it.
- Build one sports fashion brand. We look the same and sound the same on all channels.
- Our biggest asset is the team. We have a strong value-based performance culture, including a process for organisational efficiency.
4.
Broad target group & versatile range = more prospective consumers.
Wide target group
The people who train to live, not live to train. It is not that of the training freak. It is a person that knows that life is more than what they lift, run or bend.
Data-driven communication
Our communication is based on facts and data based on market insights.
Direct relationship
Our direct relationship with our target group in social media builds trust and loyalty.
Woman in white Bjorn Borg sports bra and grey shorts dancing energetically on a sandy beach at sunset with two shirtless men
5.
Sustainable business.
- Sustainability one of top three business focus areas
- Roadmap signed off by board and management team
- Functional goals down to individual level
- Committed to cutting carbon emissions in half by 2030 from a 2020 base year
Man in green terry cloth shirt relaxing on the beach under a sun umbrella
6.
Strong and stable management.
The Björn Borg management team has one representative & specialist of every function within the company. These functional areas are, apart from CEO: Design, product development and sustainability; creative direction, global operations, finances, marketing, e-commerce, sales and human resources.
The management team is evaluated each year in an anonymous employee survey and enjoys an 84% trust in their work, while the company’s middle management gets an equivalent of 88%. The employee engagement rate is 83%.

Our business model

A foundation for stable profitability
Our business model is designed to ensure stable profitability and successful brand positioning with minimal operational risk and capital investment. By leveraging a mix of in-house operations and external partnerships, we efficiently manage and expand our product lines and geographical reach.
Brand
Product development
Distribution
Retail
Björn Borg - a service organization
Underwear, sports apparel, footwear and bags
Sweden, the Netherlands, Finland, Belgium, Germany and Denmark
Björn Borg stores
E-commerce
External distribution
Licensed products: eyewear and other
Other retailers
Group companies and units that generate revenue and earnings.
Licensees, external distributors and Björn Borg stores whose sales generate royalties or other revenue for Björn Borg.
Companies outside the network.

Our product areas

Man and woman in white Bjorn Borg underwear laughing beside a bicycle in a summer wheat field
Underwear
48% of total sales in 2025
Underwear is Björn Borg’s largest product area, with models for men, women and children in a variety of categories and segments. This is complemented by loungewear, mainly sleepwear and socks. The range consists of trendy and fashionable products with the brand’s characteristically bold prints and colours as well as collections of classic models. It also includes a performance underwear collection and several models of bras.

Björn Borg underwear is sold by independent retailers, apparel and sporting goods chains, department stores, Björn Borg stores, and our own and external e-commerce. Product development for underwear is managed within the Björn Borg Group.
Man and woman in Bjorn Borg running gear jogging side by side on a tree-lined path through a lush green forest
Sports Apparel
29% of total sales in 2025
Björn Borg offers clothing collections for both women, men and juniors, with the main focus being on training apparel with good functionality and clear fashion elements. The range consists of four main categories: Leisure, Training, Tennis/Padel and Running.

Today, Björn Borg’s sports products are sold in all markets. Retailers are sports retailers, sports chains, and department stores as well as Björn Borg stores and e-commerce. Product development for sports apparel is carried out within the Björn Borg Group.
Footwear
9% of total sales in 2025
Within the footwear product category, which the company took over from an external party at the beginning of 2024, a range of fashion products is offered, including casual and sports shoes for men and women. Retailers include independent shoe stores, shoe and sports chains, department stores, major e-tailers, Björn Borg stores, and www.bjornborg.com. Since the integration of footwear at the beginning of 2024, all aspects – from product development and design to distribution – have been managed internally by the company. In 2025, Björn Borg footwear was sold in around twenty European markets, with Sweden, the Netherlands, Finland, and Belgium being the largest. Growth efforts are focused on Björn Borg’s core markets in Northern Europe.
Woman in a black Björn Borg bikini carrying a large Racquet Club canvas tote bag on a beach
Bags
5% of total sales in 2025
The bags product area falls into the fashion/trend segment and comprises gym bags, backpacks and duffle bags as well as wallets, gloves and belts. Retailers include luggage and sporting goods shops, retail chains, department stores, shop-in-shops, Björn Borg stores and e-commerce. Bags are mainly sold in Björn Borg’s established markets in Northern Europe.
Woman in black Björn Borg tank and skirt playing padel on an outdoor green astroturf court
Other
9% of total sales in 2025
The combined brand sales in the other product segments in 2025 amounted to SEK 95 million (85), an increase of 11 percent compared to 2024. In all, other products made up 9 percent of total sales.

It is primarily the product areas lounge wear and socks that show strong development during the year, growing by 33 percent and 23 percent respectively. Swimwear and eyewear, which belong to the trend segment of the market and are sold to the optical retail trade through the licensee’s distribution organization, are in line with the previous year’s sales.

Market overview

The Athleisure market where Björn Borg competes, is growing robustly - projected to reach $1070 billion by 2034
387 billion USD
2023
Compound annual growth rate +9.20% yearly
709 billion USD
2032
33%
Sweden
20%
Netherlands
10%
Germany

Our largest markets

Historic Stockholm rooftop skyline with colorful buildings and church spires at sunset
Sweden
37% of total sales
2,700 retailers
4 Björn Borg stores
E-commerce
Established presence Early 1990s
Rotterdam city skyline at dusk with illuminated skyscrapers reflecting on a calm river harbor
Netherlands
22% of total sales
600 retailers
3 Björn Borg stores
Established presence: 2017
Helsinki Cathedral viewed at dusk through a narrow street with cafe terraces and festival bunting
Finland
13% of total sales
1,100 external retailers
4 Björn Borg stores
Established presence mid 1990s
Germany
10% of total sales
25 external retailers
Established in the spring of 2016
Belgium
4% of total sales
180 retailers
1 Björn Borg factory-outlet store
Established in the second half of the 1990s
Denmark
3% of total sales
420 external retailers
Established in 1992
Henrik Bunge
CEO
Daniel Grohman
Chief Operating Officer
Jens Nyström
CFO
Emma Bengtsson
Chief Marketing Officer
Robin Salazar
Global E-commerce Director
Johanna Sevonius Södergren
Chief Growth Officer
Joacim Sjödin
Managing Director Nordics
Johanna Schottenius
Chair of the board
Jens Høgsted
Director
Mats H Nilsson
Director
Cecilia Bönström
Director
Björn Jansson
Director
Drag