Björn Borg : BJÖRN BORG AB INTERIM REPORT JANUARY – JUNE 2020
August 18, 2020 at 06:38 am
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APRIL 1 - JUNE 30, 2020
The Group's net sales increased 4.4 percent to SEK 148.0 million (141.7). Excluding currency effects, sales rose 8.0 percent.
Net sales for own e-commerce increased 77 percent to SEK 20.3 million (11.5). Net sales for own e-commerce and e-tailers amounted to SEK 50.1 million (31.6), an increase of 58 percent.
The gross profit margin was 49.1 percent (55.4).
The operating loss amounted to SEK -13.4 million (-1.7).
The loss after tax amounted to SEK -18.8 million (-2.3).
Earnings per share before and after dilution amounted to SEK -0.75 (-0.09).
JANUARY 1 - JUNE 30, 2020
The Group's net sales decreased 3.0 percent to SEK 319.9 million (329.9). Excluding currency effects, sales rose 0.6 percent.
Net sales for own e-commerce increased 47 percent to SEK 37.7 million (25.7). Net sales for own e-commerce and e-tailers amounted to SEK 102.8 million (85.1), an increase of 21 percent.
The gross profit margin was 51.8 percent (56.2).
The operating loss amounted to SEK -6.2 million (16.9).
The loss after tax amounted to SEK -8.2 million (14.6).
Earnings per share before and after dilution amounted to SEK -0.33 (0.58).
QUOTE FROM THE CEO
'I am proud of how all our employees have acted in a very challenging time. We have demonstrated an ability to quickly adapt and drive our business to the consumer, with sales to the company's e-commerce partners, and also our own e-commerce, where sales rose 77 percent', commented CEO Henrik Bunge.
This information is information that Björn Borg AB 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 person set out above on August 18, 2020 at 7:30 am (CET).
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Björn Borg AB published this content on 18 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2020 05:37:07 UTC
Bjorn Borg AB is a Sweden-based company engaged in the fashion industry. The Company owns and develops the Bjorn Borg brand, which specializes in underwear for women, men and children. Its business activities comprise four segments: Brand, responsible for gaining royalties; Product Development, which develops, designs and produces underwear and adjacent products, as well as sportswear through Bjorn Borg Sport; Wholesale, which provides lingerie and complementary products in Sweden, Finland and England, as well as footwear in Sweden, Finland and the Baltic countries; and Retail, which operates an online shop, as well as over 15 own stores and outlets in Sweden, Finland and England. The Companyâs product portfolio is divided into three areas: Underwear, Sportswear, and Licensed products. Furthermore, the Company is a parent of Bjorn Borg Brands AB, Bjorn Borg Inc, Bjorn Borg UK Limited, Bjorn Borg Services AB, Bjorn Borg Sport BV, and Bjorn Borg Limited (China) Limited CR, among others.