BJÖRN BORG AB - Investor Presentation Q4 2022

Stockholm, February 23rd, 2023

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"Full year 2022, as well as Q4 isolated,

reached record sales levels, and if adjusted for currencies and non-reoccurring items - operating profit would have been SEK 120 m."

Henrik Bunge, CEO BJÖRN BORG AB

Björn Borg Q4 2022 report - executive summary

  • In Q4 2022 we increased net sales by 9.9% to SEK 198.4 m vs. the same quarter last year that closed at SEK 180.6 m.
  • Gross margin decreased to 52.1% (53.1). Currency neutral gross margin improved with 3.5% from 53.1 to 56.6%
  • EBIT decreased to SEK 7.8 m (10.0). Currency neutral and excluding one-off effects, EBIT increased to SEK 16.0 m vs. 10.0 m the same quarter last year, an increase of 60%.
  • Our sports apparel category developed well with an increase of 9% vs the same quarter last year.
  • Our business increased in the Netherlands and Germany, while it decreased in other main markets.
  • Our own e-commerce continues to grow, +14% in the quarter, and e-tailers in the wholesale channel increase with +25% in the quarter.
  • Our financial solidity improved showing an equity ratio of 54% and a net debt of

SEK 14 m.

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Where we want to go

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Björn Borg AB published this content on 23 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2023 06:52:01 UTC.