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BORG Bjorn Borg AB News Story

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Swedish apparel firm Bjorn Borg's Q4 operating profit boosted by higher margins

Overview

Swedish apparel group's Q4 revenue rose 1.5% yr/yr, slightly beating the sole analyst estimate

Q4 operating profit increased 28.5% to SEK 21.6 mln

Company proposes SEK 3.00 dividend and share buyback authorization

Outlook

Bjorn Borg did not provide specific future guidance in the press release

Result Drivers

E-COMMERCE GROWTH - Net sales for own e-commerce increased by 23.6%, significantly contributing to overall sales growth

OPERATING PROFIT INCREASE - Operating profit rose 28.5%, reflecting business model strength in a challenging environment, per CEO Henrik Bunge

GROSS MARGIN IMPROVEMENT - Gross profit margin increased to 54.0% from 53.3%, indicating improved profitability

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueSlight Beat*SEK 238.2 mlnSEK 238 mln (1 Analyst)
Q4 Adjusted EPSSEK 0.61
Q4 Net IncomeSEK 15.30 mln
Q4 Gross Margin54.00%
Q4 EBITSEK 21.60 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers. Analyst Coverage The one available analyst rating on the shares is "sell" The average consensus recommendation for the apparel & accessories peer group is "hold." Wall Street's median 12-month price target for Bjorn Borg AB is SEK62.75, about 7.3% above its February 12 closing price of SEK58.50 The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 20 three months ago Press Release: ID:nMFNq1rdH For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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