Björn Borg AB: Interim Report January - September 2023

JULY 1 - SEPTEMBER 30, 2023

• Group net sales amounted to SEK 262.1 million (248.6), an increase of 5 percent. Currency-neutral, net sales increased by 1 percent.
• Net sales for own e-commerce and e-tailers amounted to SEK 95.6 million (83.4), an increase of 15 percent. Sales for own e-commerce increased by 25 percent to SEK 37.6 million (30.0).
• The gross profit margin amounted to 52.6 percent (48.2). Currency-neutral, the gross profit margin amounted to 52.5 percent, an increase of 4.3 percentage points.
• Operating profit amounted to SEK 40.9 million (30.6), an increase of 34 percent. Currency-neutral, the operating profit amounted to SEK 37.0 million, an increase of 23 percent.
• Profit after tax amounted to SEK 32.0 million (22.2), an increase of 44 percent.
• Earnings per share before and after dilution amounted to SEK 1.27 (0.88).

JANUARY 1 - SEPTEMBER 30, 2023

• Group net sales amounted to SEK 674.6 million (636.8), 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 265.3 million (230.1), an increase of 15 percent. Sales for own e-commerce increased by 32 percent to SEK 108.5 million (82.2).
• The gross profit margin amounted to 53.2 percent (50.4). Currency-neutral, the gross profit margin amounted to 54.2 percent, an increase of 3.8 percentage points.
• Operating profit amounted to SEK 80.4 million (65.1), an increase of 23 percent. Currency-neutral, operating profit amounted to SEK 78.5 million, an increase of 23 percent.
• Profit after tax amounted to SEK 61.0 million (45.6), an increase of 34 percent.
• Earnings per share before and after dilution amounted to 2.43 (1.81).
• The financial goals for Björn Borg that were adopted in 2019 for a five-year period have been prolonged with no change, and are now valid until further notice.

QUOTE FROM THE CEO

"Once again, we have improved both sales and operating profit compared to the previous year's quarter", commented CEO Henrik Bunge.

For further information, please contact

Jens Nyström, CFO
Email: [e-mail]
Phone: [phone]

Henrik Bunge, CEO
Email: [e-mail]
Phone: [phone]

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. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-11-17 07:30 CET.