Home / Knowledge / News / Apparel/Garments / Q4 sales slide 28% at Swede innerwear brand Björn Borg
Q4 sales slide 28% at Swede innerwear brand Björn Borg
14
Feb '14
Björn Borg AB announced its financial results for fourth quarter and also financial year ending December 31, 2013
 
October 1 – December 31, 2013
- The Group’s net sales decreased by 28 percent to SEK 100.3 million (138.7). The decrease was the same excluding currency effects.
- Shipments with order value of about SEK 25 million were shifted from December to January 2014, compared with year-end 2012, affecting the  operating result by about SEK 12 million.
- The gross profit margin was 52.5 percent (51.6).
- The operating loss was SEK 12.5 million, against year-earlier profit of SEK 15.1 million
- The after-tax loss amounted to SEK -11.0 million, against year-earlier profit of SEK 11.9 million.
- Earnings per share before and after dilution amounted to SEK -0.40 (0.45).
- Brand sales (excluding VAT) decreased by 12 percent to SEK 322 million (376). The decrease was the same excluding currency effects.
 
January 1 – December 31, 2013
- The Group’s net sales decreased by 9 percent to SEK 499.2 million (551.4). Excluding currency effects, sales were down 8 percent.
- The operating profit for 2013 was negatively affected with about SEK 12 million from delayed shipments, and with non-recurring items of about SEK 14 million, referring to the Chinese business and the resigning CEO, in total about SEK 26 million.
- The gross profit margin was 50.9 percent (50.2).
- Operating profit amounted to SEK 21.2 million (69.8).
- Profit after tax amounted to SEK 13.9 million (47.2).
- Earnings per share before and after dilution amounted to SEK 0.86 (2.11).
- Brand sales (excluding VAT) decreased by 5 percent to SEK 1,521 million (1,598). Excluding currency effects, the decrease was 4 percent.
 
The Board of Directors has decided to propose to the Annual General Meeting a distribution of SEK 1.50 (3.00) per share, totaling SEK 37.7 million (75.4).
 
“As reported earlier this year, 2013 was marked by continued weak retail demand in many of Björn Borg’s markets, particularly the Netherlands. Together with the major shipment delays at the end of the year and disposal costs for the Chinese operations, this contributed to the significant decline in sales and earnings for the full year and the fourth quarter. Our operations in England and Finland are developing positively, as are our own retail and e-commerce operations,” said Henrik Fischer, Acting CEO.
 

Björn Borg AB


Must ReadView All

NRF welcomes US Senate committee approval on tax reform

Textiles | On 20th Nov 2017

NRF welcomes US Senate committee approval on tax reform

The National Retail Federation (NRF) has welcomed the approval of tax ...

Angolan factory sends 2nd cotton yarn shipment to Portugal

Textiles | On 20th Nov 2017

Angolan factory sends 2nd cotton yarn shipment to Portugal

Angolan textile factory Alassola will send a second shipment of...

Uruguay tries fashion route to boost wool sale in China

Fashion | On 20th Nov 2017

Uruguay tries fashion route to boost wool sale in China

Uruguay wants to boost its sale of wool to China by expanding into...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search