BJÖRN BORG AB INTERIM REPORT JANUARY – DECEMBER 2019

OCTOBER 1 – DECEMBER 31, 2019

  • The Group’s net sales decreased 0.2 percent to SEK 196.4 million (196.9). Excluding currency effects, sales decreased 3.1 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 51.5 million (45.0), an increase of 14.3 percent.
  • The gross profit margin was 50.8 percent (55.5).
  • Operating profit amounted to SEK 1.4 million (16.0).
  • The loss after tax amounted to SEK 2.7 million (+14.6).
  • Earnings per share before and after dilution amounted to SEK –0.11 (0.58).

JANUARY 1 – DECEMBER 31, 2019

  • The Group’s net sales increased 6.7 percent to SEK 756.9 million (709.6). Excluding currency effects, sales rose 3.7 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 194.6 million (160.0), an increase of 21.6 percent.
  • The gross profit margin was 53.7 percent (57.4).
  • Operating profit amounted to SEK 51.4 million (71.0).
  • Profit after tax amounted to SEK 38.9 million (59.9).
  • Earnings per share before and after dilution amounted to SEK 1.55 (2.39).

QUOTE FROM THE CEO

The partnerships with our e-tailers continue to produce good results and we also had good growth in our own e-commerce, which together represent 25.7 percent (22.5) of total net sales”, 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 February 21, 2020 at 7:30 am (CET).

 

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