Björn Borg AB Year end-Report January – December 2017

1 October – 31 December, 2017           

  • The Group’s net sales fell 0.7 percent to SEK 170.3 million (171.4). Currency effects on sales were marginal in the quarter.
  • The gross profit margin was 58.3 percent (48.0).
  • Operating profit amounted to SEK 16.9 million (21.4).
  • Profit after tax amounted to SEK 11.0 million (17.9).
  • Earnings per share before and after dilution amounted to SEK 0.43 (0.74).

1 January – 31 December, 2017

  • The Group’s net sales rose 10.3 percent to SEK 696.5 million (631.6). Excluding currency effects sales rose 9.6 percent.
  • The gross profit margin was 54.0 percent (50.3).
  • Operating profit amounted to SEK 55.4 million (64.2).
  • Profit after tax amounted to SEK 37.4 million (46.9).
  • Earnings per share before and after dilution amounted to SEK 1.48 (1.88).
  • 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

“The fourth quarter saw a significantly better gross profit margin than the previous year at 58.3 percent (48.0). We are increasing our costs, but this is essentially due to our Benelux acquisition,” commented 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

This information is information that Björn Borg AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at February 23, 2018 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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