* Brand sales* increased by 60 percent to SEK 657 million (409).
* The Group’s net sales rose by 59 percent to SEK 148.6 million (93.4).
* The gross profit margin was 54.6 percent (46.9).
* Operating profit rose by 105 percent to SEK 49.2 million (24.0).
* Profit after tax increased by 104 percent to SEK 35.2 million (17.3).
* Earnings per share increased by 89 percent to SEK 1.42 (0.75). Calculated after dilution, earnings per share amounted to SEK 1.41 (0.74).
* Decision to establish operations in the U.S.
* Distribution agreement signed for the Björn Borg brand in Spain.
Nine-month period, January 1 – September 30, 2007
- Brand sales* increased by 72 percent to SEK 1,584 million (920).
- The Group’s net sales rose by 64 percent to SEK 355.1 million (216.0).
- The gross profit margin was 53.4 percent (49.6).
- Operating profit rose by 113 percent to SEK 99.8 million (46.9).
- Profit after tax increased by 110 percent to SEK 71.8 million (34.2).
- Earnings per share increased by 98 percent to SEK 2.96 (1.49). Calculated after dilution, earnings per share amounted to SEK 2.92 (1.48).
Comment from the President
“On a rolling annual basis, brand sales have now passed SEK 2 billion, a fantastic milestone for us. Though it has mainly been our established markets that have contributed so far, we are continuing our geographic expansion, now with an agreement in Spain and the decision to establish operations in the U.S.,” says Nils Vinberg, President of Björn Borg.
Upcoming information dates
The year-end report 2007 will be released on February 13, 2008.
The interim report January-March 2008 will be released on May 7, 2008.
