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Regulatory press release

BJÖRN BORG AB INTERIM REPORT JANUARY – JUNE 2023

Björn Borg
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APRIL 1 – JUNE 30, 2023

  • Group net sales amounted to SEK 165.6 million (161.5), an increase of 3 percent. Currency-neutral, net sales decreased by 2 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 76.5 million (52.0), an increase of 47 percent. Sales for own e-commerce increased by 39 percent to SEK 37.5 million (27.0).
  • The gross profit margin amounted to 55.6 percent (54.5). Currency-neutral, the gross profit margin amounted to 56.7 percent, an increase of 2.2 percentage points.
  • Operating profit amounted to SEK 8.1 million (5.2), an increase of 55 percent. Currency-neutral, the operating profit amounted to SEK 7.8 million, an increase of 50 percent.
  • Profit after tax amounted to SEK 4.2 million (0.3).
  • Earnings per share before and after dilution amounted to SEK 0.17 (0.01).


JANUARY 1 – JUNE 30, 2023

  • Group’s net sales amounted to SEK 412.5 million (388.2), an increase of 6 percent. Currency-neutral, net sales increased by 2 percent.
  • Net sales for own e-commerce and e-tailers amounted to SEK 169.3 million (145.5), an increase of 16 percent. Sales for own e-commerce increased by 36 percent to SEK 70.9 million (52.2).
  • The gross profit margin amounted to 53.6 percent (51.9). Currency-neutral, the gross profit margin amounted to 55.3 percent, an increase of 3.4 percentage points.
  • Operating profit amounted to SEK 39.5 million (34.5), an increase of 14 percent. Currency-neutral, operating profit amounted to SEK 41.5 million, an increase of 20 percent.
  • Profit after tax amounted to SEK 29.0 million (23.4), an increase of 24 percent.
  • Earnings per share before and after dilution amounted to SEK 1.15 (0.93).


QUOTE FROM THE CEO
“Above all, it’s our sports collection that makes me extremely proud, with an incredible development in our own e-commerce - not only during the second quarter of the year with an increase of 98 percent, but for the entire first half of the year with an increase of 100 percent”, 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 835.2 million in 2022, with an average of 160 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 2023-08-18 07:30 CEST.

Attachments

Bjorn Borg Interim Report Q2 2023