Björn Borg AB Interim Report January – September 2012

Increased sales and profit

STOCKHOLM, Sweden--()--Regulatory News:

JULY 1 - SEPTEMBER 30, 2012

  • The Group’s net sales increased by 4 percent to SEK 166.8 million (160.2). Excluding currency effects, sales increased by 2 percent.
  • The gross profit margin was 49.5 percent (50.6).
  • Operating profit amounted to SEK 35.2 million (33.0).
  • Profit after tax amounted to SEK 25.1 million (24.1).
  • Earnings per share amounted to SEK 1.11 (1.05). Fully diluted earnings per share amounted to SEK 1.11 (1.05).
  • Brand sales* (excluding VAT) decreased by 12 percent to SEK 485 million (551). Excluding currency effects, the decrease was 7 percent.

JANUARY 1 - SEPTEMBER 30, 2012

  • The Group’s net sales decreased slightly to SEK 412.8 million (413.4). Excluding currency effects, sales were down 2 percent.
  • The gross profit margin was 49.7 percent (51.2).
  • Operating profit amounted to SEK 54.7 million (69.6).
  • Profit after tax amounted to SEK 35.3 million (51.2).
  • Earnings per share amounted to SEK 1.65 (2.27). Fully diluted earnings per share amounted to SEK 1.65 (2.26).
  • Brand sales* (excluding VAT) decreased by 6 percent to SEK 1,221 million (1,297). Excluding currency effects, the decrease was 4 percent.

QUOTE FROM THE CEO

“Against the backdrop of a weak retail market in Europe, we are pleased to have been able to increase our revenues and operating profit during the third quarter. The work with Björn Borg’s future growth areas is continuing and we are seeing them contribute more to the Group’s performance. This applies to our own operations in England, which are growing at a positive pace, and the sportswear product area within Björn Borg Sport. In addition, we have now started selling in China and will very shortly open our first store,” said CEO Arthur Engel.

Björn Borg is required to make public the information in this report in accordance with the Securities Market Act. The information was released for publication on November 9, 2012 at 7:30 am (CET).

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Contacts

Björn Borg
Arthur Engel, President and CEO, telephone +46 8 506 33 700
Magnus Teeling, CFO, telephone +46 8 506 33 700

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Contacts

Björn Borg
Arthur Engel, President and CEO, telephone +46 8 506 33 700
Magnus Teeling, CFO, telephone +46 8 506 33 700