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Björn Borg reported a improved profit and increased sales

Friday, 09 November 2012
Clothing Company Björn Borg reported a profit after tax of Skr 25.1 million for the third quarter of 2012 compared with Skr 24.1millionsame time last year. Earnings per share amounted to Skr 1.11, compared with Skr1.05 same time in the past year.

CEO Arthur Engel: “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 Borgâ€™s future growth areas is continuing and we are seeing them contribute more to the Groupâ€™s performance.”
The Numbers

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.

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