Björn Borg Q2'25: Playing offense on growth, margins under watch
18 augusti, 06:30
Björn Borg’s Q2 results were mixed. While the company reported strong revenue, it did not come without costs and profitability was lower than our expectations. The company’s earnings multiples for this year are at the upper end of our acceptable valuation range, with a P/E ratio of approximately 18x and an EV/EBIT of ~14x. At current valuations, we would like to see clearer evidence that the company can successfully expand its revenue while maintaining solid gross margins. As a result, we reiterate our Reduce recommendation and target price of SEK 55 per share.
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Björn Borg Q2'25: Playing offense on growth, margins under watch
18 augusti, 06:30
Björn Borg’s Q2 results were mixed. While the company reported strong revenue, it did not come without costs and profitability was lower than our expectations. The company’s earnings multiples for this year are at the upper end of our acceptable valuation range, with a P/E ratio of approximately 18x and an EV/EBIT of ~14x. At current valuations, we would like to see clearer evidence that the company can successfully expand its revenue while maintaining solid gross margins. As a result, we reiterate our Reduce recommendation and target price of SEK 55 per share.
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