Björn Borg posts loss in its second quarter of 2019

The Björn Borg AB group’s net sales amounted to 141.7 million Swedish krona (14.7 million dollars) in the second quarter, an increase of 1 percent, while adjusted for currency effects, the company said, sales fell 2.2 percent. The gross profit margin for the quarter decreased to 55.4 percent compared to 59.9 percent in the previous year, while operating loss was 1.7 million Swedish krona compared to operating profit of 2.9 million Swedish krona in the previous year. The company reported loss after tax of 2.3 million Swedish krona against earnings of 1.5 million Swedish krona, while earnings per share before and after dilution amounted to negative 0.09 Swedish krona.