Björn Borg AB Year-end Report January – December 2016

1 October – 31 December, 2016

  • The Group’s net sales increased by 12.3 percent to SEK 171.4 million (152.6). Excluding currency effects, sales rose by 10.2 percent.
  • The gross profit margin was 48.0 percent (51.8). Excluding currency effects, the margin was 49.9 percent.
  • Operating profit amounted to SEK 21.4 million (14.6).
  • Profit after tax was SEK 17.9 million (7.3).
  • Earnings per share before and after dilution amounted to SEK 0.74 (0.34).

1 January – 31 December, 2016

  • The Group’s net sales increased by 10 percent to SEK 631.6 million (574.3). Currency effects were marginal.
  • The gross profit margin was 50.3 percent (52.4). Excluding currency effects, the margin was 50.7 percent.
  • Operating profit amounted to SEK 64.2 million (58.6).
  • Profit after tax amounted to SEK 46.9 million (41.6).
  • Earnings per share before and after dilution amounted to SEK 1.88 (1.79)
  • The Board of Directors has decided to propose to the Annual General Meeting a distribution of SEK 2.00 (2.00) per share, totaling SEK 50.3 million (50.3).

Quote from the CEO

“We finished the year very strongly, and two years and four months after the launch of our business plan, Northern Star, we closed the books on another year in which we improved our key indicators,” said CEO Henrik Bunge.

For further information, please contact:

  • Henrik Bunge, CEO, telephone +46 8 506 33 700
  • Daniel Grohman, CFO, telephone +46 8 506 33 700

Björn Borg is required to make public the information in this interim report according to the EU’s Market Abuse Regulation.

The information was released for publication on February 17, 2017 at 7:30 am (CET).

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At the heart of our heritage.
The Puente Romano Tennis Club in Marbella boasts a rich history and a longstanding association with tennis legends. A pivotal figure in the club’s early years was the legendary tennis icon Björn Borg.
Borg’s ties with the Puente Romano Tennis Club strengthened significantly in 1980 when the club served as the venue for his wedding.
Although Björn Borg’s direct involvement in managing the Puente Romano Tennis Club eventually concluded, his enduring legacy laid the groundwork for the club’s esteemed status in the tennis realm.

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