Björn Borg Q2'24: Running fast in the second quarter
Despite a continued challenging environment, Björn Borg delivered a strong second quarter that beat our estimates. The valuation of P/E 16x and EV/EBIT 12x for 2025 still looks moderate and a combination of dividends and earnings growth should give around 10% total shareholder return.
Björn Borg
61.22
68
Accumulate
Accumulate
Björn Borg operates in the fashion industry and focuses on the design, manufacture and distribution of sportswear and underwear. The company's products are aimed at private individuals looking for comfortable and stylish clothing. The business is global with a main presence in the Nordic region and Europe. Björn Borg was founded in 1984 and is headquartered in Solna.
Read more on company pageKey Estimate Figures19.08.2024
2023 | 24e | 25e |
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2023 | 24e | 25e | |
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Revenue | 872.3 | 1,030.8 | 1,119.1 |
growth-% | 4.4 % | 18.2 % | 8.6 % |
EBIT (adj.) | 100.6 | 111.0 | 126.8 |
EBIT-% (adj.) | 11.5 % | 10.8 % | 11.3 % |
EPS (adj.) | 3.02 | 3.18 | 3.86 |
Dividend | 3.00 | 3.00 | 3.40 |
Dividend % | 6.6 % | 5.2 % | 5.9 % |
P/E (adj.) | 15.03 | 18.12 | 14.91 |
EV/EBITDA | 8.67 | 10.30 | 9.20 |