2016-02-19

BJÖRN BORG AB BOKSLUTSKOMMUNIKÉ
JAN - DEC 2015

 

1 OCTOBER – 31 DECEMBER 2015

 

• The Group’s net sales increased by 13 percent to SEK 152.6 million (135.3). Excluding currency effects, sales rose by 7 percent.

• The gross profit margin was 51.8 percent (54.1).

• Operating profit amounted to SEK 14.6 million (3.6).

• Profit after tax amounted to SEK 7.3 million (5.9).

• Earnings per share before dilution amounted to SEK 0.34 (0.18) and after dilution amounted to SEK 0.29 (0.18).

• Brand sales* (excluding VAT) decreased by 4 percent to SEK 330 million (343). Excluding currency effects, the decrease was 3 percent.

 

1 JANUARY – 31 DECEMBER, 2015

 

• The Group’s net sales increased by 7 percent to SEK 574.3 million (538.8). Excluding currency effects, sales were unchanged.

• The gross profit margin was 52.4 percent (52.9).

• Operating profit amounted to SEK 58.6 million (56.0).

• Profit after tax amounted to SEK 41.6 million (47.6).

• Earnings per share before dilution amounted to SEK 1.79 (1.94) and after dilution amounted to SEK 1.61 (1.94).

• The Board of Directors has decided to propose to the Annual General Meeting a distribution of SEK 2.00 (1.50) per share, totaling SEK 50.3 million (37.7).

• The comparative period in 2014 includes delayed shipments, which increased revenue by about SEK 25 million and operating profit by about SEK 12 million.

• Brand sales* (excluding VAT) increased by 1 percent to SEK 1,443 million (1,431). Excluding currency effects, brand sales were down 1 percent.

 

QUOTE FROM THE CEO

“In summing up 2015 we can report that Björn Borg improved all the key indicators in the business plan: retail sales, employee engagement, operating profit and revenue,” said CEO Henrik Bunge.

      
For further information, please contact:
Henrik Bunge, CEO, telephone +46 8 506 33 700
Daniel Grohman, CFO, telephone +46 8 506 33 700