Brief: Björn Borg Q3 Operating Profit Down At SEK 33.1 Million

Bjorn Borg AB

15/11/2019 06:38

Nov 15 (Reuters) - Bjorn Borg AB  BORG.ST :
    * BJÖRN BORG AB INTERIM REPORT JANUARY - SEPTEMBER 2019
    * Q3 NET SALES  SEK 230.6 MILLION VERSUS SEK 203.1 MILLION
YEAR
AGO
    * JUL-SEPT GROUP'S NET SALES INCREASED 13.5 PERCENT TO SEK
230.6
MILLION (203.1). EXCLUDING CURRENCY EFFECTS, SALES ROSE 11.5
PERCENT.
    * Q3 NET SALES FOR OWN E-COMMERCE AND E-TAILERS AMOUNTED TO
SEK
57.8 MILLION (49.5), AN INCREASE OF 16.9 PERCENT.
    * Q3 OPERATING PROFIT AMOUNTED TO SEK 33.1 MILLION (37.0)
    * IT IS MAINLY OUR SPORTS APPAREL COLLECTION THAT IS DRIVING
GROWTH, AND I WOULD ADD THAT OUR FALL COLLECTION HAS BEEN
FANTASTICALLY RECEIVED BY CONSUMERS
    * Q3 OPERATING PROFIT  SEK 33.1 MILLION  VERSUS SEK 37.0
MILLION
YEAR AGO
    * SWEDISH STORES IN PARTICULAR HAD A VERY STRONG QUARTER
WITH
COMPARABLE STORES GROWING 8%
    * WE HAVE SEEN VERY GOOD SALES GROWTH AT THE WHOLESALE LEVEL
IN
THE NETHERLANDS, WHICH IS UP 60% ON A CURRENCY-NEUTRAL BASIS
    * WE HAD A VERY STRONG QUARTER IN TERMS OF SALES
    * SWEDEN, GERMANY, AND ENGLAND ALSO REPORTED GOOD GROWTH
    * KEEPS LONG-TERM FINANCIAL GOALS FOR THE COMPANY FOR THE
PERIOD
2015-2019

Source text for Eikon:  ID:nWkrb8gcFD 
Further company coverage:  BORG.ST 

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