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Regulatory press release

BJÖRN BORG AB INTERIM REPORT JANUARY – SEPTEMBER 2022

Björn Borg
Download the release

JULY 1 – SEPTEMBER 30, 2022

  • Group net sales amounted to SEK 248.6 million (240.1), an increase of 3.5 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 82.2 million (86.3), a decrease of 4.7 percent. Sales for own e-commerce increased by 28 percent to SEK 29.5 million (22.9).
  • The gross profit margin amounted to 48.2 percent (54.4). Currency-neutral, the gross profit margin amounted to 54.5 percent, an increase of 0.1 percentage points.
  • Operating profit amounted to SEK 30.6 million (52.4). Currency neutral and adjusted for non-recurring items, operating profit amounted to SEK 53.2 million, an increase of 1.5 percent.
  • Profit after tax amounted to SEK 22.2 million (40.1).
  • Earnings per share before and after dilution amounted to SEK 0.88 (1.59).

JANUARY 1 – SEPTEMBER 30, 2022

  • Group’s net sales amounted to SEK 636.8 million (587.6), an increase of 8.4 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 226.4 million (233.3), a decrease of 3.0 percent. Sales for own e-commerce increased by 15 percent to SEK 80.4 million (70.1).
  • The gross profit margin amounted to 50.4 percent (54.6). Currency-neutral, the gross profit margin amounted to 55.1 percent, an increase of 0.5 percentage points.
  • Operating profit amounted to SEK 65.1 million (94.1). Currency neutral and adjusted for non-recurring items, operating profit amounted to SEK 102.9 million, an increase of 9.4 percent.
  • Profit after tax amounted to SEK 45.6 million (75.0).
  • Earnings per share before and after dilution amounted to SEK 1.81 (2.98).

QUOTE FROM THE CEO

“Very strong growth for our own e-commerce which increased by 28 percent during the third quarter of the year and adjusted for non-recurring items and currency changes, we have never shown higher profitability in a single quarter”, 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. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-11-18 07:30 CET.

Attachments


Bjorn Borg Interim Report Q3 2022

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