BJÖRN BORG AB INTERIM REPORT JANUARY – SEPTEMBER 2020

JULY 1 – SEPTEMBER 30, 2020

• The Group’s net sales decreased 2.5 percent to SEK 224.9 million (230.6). Excluding currency effects, sales decreased 0.1 percent.
• Net sales for own e-commerce increased 13 percent to SEK 20.7 million (18.3). Net sales for own e-commerce and e-tailers amounted to SEK 67.8 million (57.9), an increase of 17 percent.
• The gross profit margin was 50.4 percent (52.5).
• Operating profit amounted to SEK 33.4 million (33.1).
• Profit after tax amounted to SEK 25.8 million (27.0).
• Earnings per share before and after dilution amounted to SEK 1.02 (1.07).

JANUARY 1 – SEPTEMBER 30, 2020

• The Group’s net sales decreased 2.8 percent to SEK 544.8 million (560.4). Excluding currency effects, sales decreased 2.6 percent.
• Net sales for own e-commerce increased 33 percent to SEK 58.5 million (44.0). Net sales for own e-commerce and e-tailers amounted to SEK 170.7 million (143.0), an increase of 19 percent.
• The gross profit margin was 51.2 percent (54.7).
• Operating profit amounted to SEK 27.2 million (49.9).
• Profit after tax amounted to SEK 17.6 million (41.6).
• Earnings per share before and after dilution amounted to SEK 0.70 (1.66).

QUOTE FROM THE CEO

“Our biggest victory is that we maintain our market leadership in underwear for men, at the same time our sportswear collection has been well received during the quarter and sales increased by 43 percent on our own e-commerce compared with the previous year. In addition, we see an increased profitability for the sportswear category, which is planned and very gratifying”, commented CEO Henrik Bunge.