Home / Knowledge / News / Apparel/Garments / Björn Borg Q1 net sales lift 9% to SEK 142.8mn
Björn Borg Q1 net sales lift 9% to SEK 142.8mn
19
May '14
Björn Borg Ab announces interim report for the first quarter from January 1 – March 31, 2014.
 
Highlights:
-The Group’s net sales increased by 9 percent to SEK 142.8 million (130.8). Excluding currency effects, sales rose by 8 percent.
-The gross profit margin was 52.8 percent (50.1).
-Operating profit amounted to SEK 19.0 million (9.2).
-Profit after tax amounted to SEK 15.6 million (6.0).
-Earnings per share before and after dilution amounted to SEK 0.62 (0.30).
-Brand sales (excluding VAT) decreased by 12 percent to SEK 382 million (432). Excluding currency effects, the decrease was 14 percent.
-During the quarter it was announced that Henrik Bunge has been appointed the new CEO of Björn Borg. Henrik Bunge will assume the position on August 1, 2014.
 
Henrik Fischer, Acting CEO, said,  “This year’s first quarter was mixed. We saw increases in revenue, gross profit margin and operating margin, mainly because of shipment delays from the previous quarter until the first quarter of 2014. Better profitability in the Swedish wholesaling operations and a strong performance by our operations in England and Finland contributed positively at the same time that sales of our spring and summer collections decreased compared with the previous year.”
 

BJÖRN BORG

Must ReadView All

Union MSME minister Kalraj Mishra

Textiles | On 1st Oct 2016

MSME policy announcement likely in October

The MSME policy is likely to be launched in October, according to...

Textiles | On 1st Oct 2016

GST Council approves rules on payments & returns

The second meeting of the GST Council, headed by Union finance...

Bangladesh’s WTO ambassador Shameem Ahsan (right) submitting his country’s TFA instrument of acceptance to WTO director-general Roberto Azevêdo. Courtesy: WTO

Textiles | On 1st Oct 2016

Bangladesh ratifies WTO’s Trade Facilitation Agreement

Bangladesh has ratified the Trade Facilitation Agreement (TFA),...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

Amit Jain
Shingora Textiles Ltd

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

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

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search