Releases - Björn Borg

Magnus Teeling new CFO at Björn Borg
Magnus Teeling has been appointed new CFO at Björn Borg and enters his position in January, 2011. Most recently, Magnus held the position as CFO at the listed IT company Tilgin and was before that head of finance at Aroma, and accountant and consultant within Transaction Services at KPMG.
Present CFO Johan Mark has chosen to move on to another position outside the company...

INCREASED SALES AND STRONG MARGINS
JULY 1 – SEPTEMBER 30, 2010

• The Group’s net sales increased by 10 percent to SEK 171.0 million (155.2). Excluding currency effects, sales rose by 11 percent to SEK 171.6 million (155.2).
• The gross profit margin increased to 52.6 percent (50.8).
• Operating profit amounted to SEK 51.5 million (43.5), an increase of 19 percent.
• Profit after tax amounted to SEK 36.7...

CONTINUED POSITIVE TREND IN UNDERWEAR
APRIL 1 – JUNE 30, 2010
• The Group’s net sales increased by 3 percent to SEK 100.8 million (97.8). Adjusted for exchange rate effects, sales rose by 6 percent to SEK 104.0 million (97.8).
•Operating profit amounted to SEK 13.9 million (12.1), an increase of 15 percent.
•Profit after tax amounted to SEK 10.8 million (8.4), an increase of 28 percent.
•Earnings per share...

POSITIVE SIGNS IN UNDERWEAR
FIRST QUARTER,
JANUARY 1 – MARCH 31, 2010
• The Group’s net sales decreased by 10 percent to SEK 148.4 million (164.7).
• The gross profit margin increased to 51.6 percent (49.3).
• Operating profit decreased to SEK 36.0 million (37.6), or by 4 percent.
• Profit after tax decreased to SEK 25.8 million (28.9), or by 11 percent.
• Earnings per share decreased to SEK 1.03 (1.15). Fully...

This is a non-official translation of the Swedish original version. In case of differences between the English translation and the Swedish original, the Swedish text shall prevail.



The shareholders of Björn Borg AB (publ) are hereby invited to attend the annual general meeting, to be held at the company's premises, on Thursday, 15 April 2010, at 5 p.m. at Götgatan 78 (Skrapan), 23rd floor, Stockholm, Sweden....

The Nomination Committee of Björn Borg proposes that the Annual General Meeting 2010 elects Kerstin Hessius as a new member of the Board of Directors of Björn Borg.

Kerstin Hessius, born 1958, is CEO of the Third Swedish National Pension Fund. Kerstin Hessius has previously been CEO of Stockholm Stock Exchange (2001-2004), Deputy Governor of Swedish Central Bank (1999-2001), Head of Asset Management at Östgöta...

Ready for long-term growth
Fourth quarter, October 1 – December 31, 2009
• Brand sales (excluding VAT) decreased by 11 percent to SEK 422 million (476).
• The Group’s net sales decreased by 22 percent to SEK 102.2 million (131.2).
• The gross profit margin increased to 55.7 percent (54.1).
• Operating profit decreased to SEK 19.4 million (26.0).
• Profit after tax decreased to SEK 13.5 million (22.8).
•...

Björn Borg has today received a disclosure notice setting out that Fredrik Lövstedt, Chairman of the board of Björn Borg, has increased his holdings in Björn Borg by 1,200,000 shares. Following the increase, Fredrik Lövstedt holds, through AB Durator and other closely related persons, 2,600,040 shares in Björn Borg, which corresponds to approximately 10.3% of the votes and capital in the company.

Björn Borg has...