BJÖN BORG AB UPDATES FINANCIAL TARGETS BY INCREASING THE ANNUAL SALES GROWTH TARGET FROM 5% TO AT LEAST 10%
Today, Björn Borg AB (publ) has updated its long-term financial targets. The targets are being updated to reflect Björn Borg's strategic priorities regarding sales growth ambitions.
Björn Borg's board of directors has adopted the below long-term financial targets, including an increase in the sales growth target, as the Group strives for sustainable and profitable sales growth through expansion in its three main categories, Underwear, Sports Apparel and Footwear.
Updated financial goals
- Annual sales growth of at least 10% (previously 5%).
- Annual operating margin target of at least 10% (unchanged)
- An annual dividend of at least 50% of net profit after tax (unchanged)
- The equity ratio should not fall below 35% (unchanged).
Solna on 26 August, 2024