Home / Knowledge / News / Apparel/Garments / Sales up 3% at Swedish clothing brand Björn Borg in Q2
Sales up 3% at Swedish clothing brand Björn Borg in Q2
23
Aug '12
Björn Borg Ab releases interim report for the period of January - June 2012.

April 1 – June 30, 2012 Highlights:

  • The Group’s net sales increased by 3 percent to SEK 105.5 million (101.9). Excluding currency effects, sales were unchanged.
  • Deferred deliveries from suppliers of about SEK 13 million compared with the same period in 2011 were recognized as revenue during the third quarter, impacting profit by about SEK 6 million.
  • The gross profit margin was 52.1 percent (53.3).
  • Operating profit amounted to SEK 4.8 million (8.2).
  • Profit after tax amounted to SEK 1.0 million (6.5).
  • Earnings per share amounted to SEK 0.10 (0.33). Fully diluted earnings per share amounted to SEK 0.10 (0.33).
  • Brand sales (excluding VAT) decreased by 8 percent to SEK 288 million (315). The decrease was the same excluding currency effects.

January 1 – June 30, 2012 Highlights:

  • The Group’s net sales decreased by 3 percent to SEK 246.0 million (253.3). Excluding currency effects, sales were down 5 percent.
  • The gross profit margin was 49.8 percent (51.6).
  • Operating profit amounted to SEK 19.5 million (36.6).
  • Profit after tax amounted to SEK 10.3 million (27.1).
  • Earnings per share amounted to SEK 0.55 (1.22). Fully diluted earnings per share amounted to SEK 0.55 (1.21).
  • Brand sales (excluding VAT) decreased by 1 percent to SEK 736 million (746). The decrease was the same excluding currency effects.
  • A bond loan with a nominal value of SEK 200 million was issued in March. Proceeds of about SEK 197 million after transaction expenses were received in April.

“We are pleased to report stable sales in a continued weak market during the second quarter. The investments we have made in our future growth in recent years are beginning to contribute more to revenues, although earnings are still being adversely affected by the costs. In late August we are opening our first sales location in China and our operations in England are developing well. We remain confident about our development during the rest of the year,” said CEO Arthur Engel.

“We are pleased to report a stable second quarter given the weak market conditions. Björn Borg’s total brand sales turned lower during the quarter, but for the first half-year are in line with 2011. The share of brand sales from smaller and newer markets continued to grow, with sales in these countries rising by 25 percent during the quarter, while the larger markets had a tougher time and saw sales decline.”

Click here to read more details:

Björn Borg Ab


Must ReadView All

Rally demands public vote on Brexit; May holds meeting

Apparel/Garments | On 25th Mar 2019

Rally demands public vote on Brexit; May holds meeting

Thousands of people marched in London on March 23 calling for another ...

Vietnam's south turns strong South Korean investment hub

Textiles | On 25th Mar 2019

Vietnam's south turns strong South Korean investment hub

South Vietnam has turned a major investment destination for South...

Pic: Lanxess

Textiles | On 25th Mar 2019

Lanxess increasing capacity for benzyl alcohol

Specialty chemicals company Lanxess is increasing production capacity ...

Interviews View All

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

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

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

Leave your Comments


March 2019

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

news category


Related Categories:

Advanced Search