BJÖRN BORG AB INTERIM REPORT JANUARY – DECEMBER 2022

February 23, 2023

OCTOBER 1 – DECEMBER 31, 2022

Group’s net sales amounted to SEK 198.4 million (180.6), an increase of 9.9 percent.
Net sales for own e-commerce and e-tailers amounted to SEK 77.0 million (63.8), an increase of 20.6 percent. Sales for own e-commerce increased by 14.4 percent to SEK 30.8 million (26.9).
Gross profit margin amounted to 52.1 percent (53.1). Currency-neutral, gross profit margin amounted to 56.6 percent, an increase of 3.5 percentage points.
Operating profit amounted to SEK 7.8 million (10.0). Currency- neutral and adjusted for non-recurring items, operating profit amounted to SEK 16.0 million, an increase of 60 percent.
Profit after tax amounted to SEK 5.3 million (11.1).
Earnings per share before and after dilution amounted to SEK 0.21 (0.44).

JANUARY 1 – DECEMBER 31, 2022

Group’s net sales amounted to SEK 835.2 million (768.2), an increase of 8.7 percent.
Net sales for own e-commerce and e-tailers amounted to SEK 305.3 million (298.5), an increase of 2.3 percent. Sales for own e-commerce increased by 15 percent to SEK 111.2 million (97.1).
Gross profit margin amounted to 50.8 percent (54.2). Currency-neutral, gross profit margin amounted to 55.5 percent, an increase of 1.3 percentage points.
Operating profit amounted to SEK 72.9 million (104.1). Currency neutral and adjusted for non-recurring items, operating profit amounted to SEK 120.1 million, an increase of 15.4 percent.
Profit after tax amounted to SEK 50.9 million (86.0).
Earnings per share before and after dilution amounted to SEK 2.02 (3.42).
The Board decided to propose to the Annual General Meeting a distribution of SEK 2.00 (2.50) per share, corresponding to a total of SEK 50.3 million (62.9). The Board also decided to propose to the Annual General Meeting that the general meeting should issue an authorization for the Board to buy back the company’s own shares.

QUOTE FROM THE CEO

“Furthermore, I can state that we have broken profitability records for the full year 2022. Currency-neutral and cleared of non-recurring costs, our operating profit for the business year 2022 would have been SEK 120 million”, commented CEO Henrik Bunge.

About Björn Borg

The Group owns the Björn Borg trademark and its core business is underwear, sportswear and bags. It also offers footwear 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. Group net sales amounted to around SEK 768.2 million in 2021, with an average of 162 employees. The Björn Borg share has been listed on Nasdaq Stockholm since 2007.