Brief: Bjorn Borg AB Q4 Operating Profit Sek 16.0 Million

Bjorn Borg AB

22/02/2019 06:42

Feb 22 (Reuters) - Bjorn Borg AB  BORG.ST :
    * BJÖRN BORG AB INTERIM REPORT JANUARY - DECEMBER 2018
    * Q4 NET SALES  SEK 196.9 MILLION VERSUS SEK 170.3 MILLION YEAR AGO
    * BOARD OF DIRECTORS HAS DECIDED TO PROPOSE TO ANNUAL GENERAL MEETING A DISTRIBUTION OF SEK
2.00
(2.00) PER SHARE
    * OUR E-TAILERS CONTINUE TO PRODUCE RESULTS AND THIS CUSTOMER GROUP SAW GROWTH OF 54.2
PERCENT IN
QUARTER
    * Q4 OPERATING PROFIT  SEK 16.0 MILLION  VERSUS SEK 16.9 MILLION YEAR AGO
    * LONG-TERM FINANCIAL GOALS, THAT WERE CONCLUDED 2015 FOR PERIOD 2015 - 2019, HAVE BEEN
UPDATED
    * LONG-TERM FINANCIAL TARGET FOR 2015-2019: ANNUAL SALES GROWTH OF MIN 5 PERCENT
    * LONG-TERM FINANCIAL TARGET FOR 2015-2019: ANNUAL OPERATING MARGIN OF MINIMUM 10 PERCENT
    * LONG-TERM FINANCIAL TARGET FOR 2015-2019: ANNUAL DIVIDEND OF AT LEAST 50 PERCENT OF NET
PROFIT
    * NET SALES GROWTH IS MAINLY DRIVEN BY SWEDEN - CEO

Source text for Eikon:  ID:nWkr54qns5 
Further company coverage:  BORG.ST 

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