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Björn Borg

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BJÖRN BORG AB INTERIM REPORT JANUARY – JUNE 2022

MAR

APRIL 1 – JUNE 30, 2022

  • Group’s net sales amounted to SEK 161.5 million (162.8), a decrease of 0.8 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 51.6 million (61.3), a decrease of 15.9 percent. Net sales for own e-commerce increased with 18 percent to SEK 27.0 million (22.8).
  • Gross profit margin was 54.5 percent (56.3). Currency neutral the gross profit margin was 59.6 percent, an increase of 3.3 percentage points.
  • Operating profit amounted to SEK 5.2 million (19.3).
  • Profit after tax amounted to SEK 0.3 million (13.5).
  • Earnings per share before and after dilution amounted to SEK 0.01 (0.54).

JANUARY 1 – JUNE 30, 2022

  • Group’s net sales amounted to SEK 388.2 million (347.5), an increase of 11.7 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 143.7 million (132.7), an increase of 8.3 percent. Net sales for own e-commerce increased with 11 percent to SEK 52.2 million (47.2).
  • Gross profit margin was 51.9 percent (54.7). Currency neutral the gross profit margin was 55.6 percent, an increase of 0.9 percentage points.
  • Operating profit amounted to SEK 34.5 million (41.7), a decrease of 17.3 percent.
  • Profit after tax amounted to SEK 23.4 million (34.9).
  • Earnings per share before and after dilution amounted to SEK 0.93 (1.39).

QUOTE FROM THE CEO

“We see strong growth in own e-commerce that increase with 18 percent in the quarter and a gross profit margin that currency neutral grow strongly”, commented CEO Henrik Bunge.
  

For further information, please contact

Jens Nyström, CFO
Email: jens.nystrom@bjornborg.com
Phone: +46 85 06 337 00

Henrik Bunge, CEO
Email: henrik.bunge@bjornborg.com
Phone: +46 85 06 337 00

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.

This information is information that Björn Borg AB (publ) 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 persons set out above, at 2022-08-19 07:30 CEST.

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Björn Borg Interim Report Q2 2022

Datum 2022-08-19, kl 07:30
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Björn Borg Interim Report Q2 2022
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