Period July-September

• Order intake increased by 41 percent to MSEK 256 (182)
• Net sales in SEK decreased by 3 percent to MSEK 208 (215)
• Net sales adjusted for currency effects amounted to MSEK 217 (215), representing an underlying organic increase of 1 percent
• Operating profit amounted to MSEK 15.3 (20.8)
• Profit before tax amounted to MSEK 13.0 (18.2)
• Net profit for the period amounted to MSEK 9.8 (13.4)
• Earnings per share amounted to SEK 0.86 (1.17)

Period January – September

• Order intake increased by 22 percent to MSEK 697 (572)
• Net sales in SEK increased by 7 percent to MSEK 713 (666)
• Net sales adjusted for currency effects amounted to MSEK 722 (666), representing an underlying organic increase of 8 percent
• Operating profit amounted to MSEK 63.4 (53.8)
• Profit before tax amounted to MSEK 59.0 (45.4)
• Net profit for the period amounted to MSEK 45.2 (33.7)
• Earnings per share amounted to SEK 3.96 (2.95)

Significant events during the quarter

• The group was hit by a cyber attack at the beginning of August, which impacted the result by 4.4 MSEK.
• A production stoppage in Bangladesh for a total of seven days due to political unrest.

A presentation will be held today 25/10 at 08.30 am CET, where the CEO presents the report. You can participate by register on the link below:

Registration Form

For further information about Nilörn, please contact:
Krister Magnusson, CEO
Tel: +46704-852 114. E-mail: krister.magnusson@nilorn.com

This information is information that Nilörngruppen is under obligation to publish in accordance with the EU Market Abuse Regulation and the Securities Markets Act. The information herein was provided by the contact person named below for publication at 08:00 a.m., 25 October 2024

General about Nilörn Group 

Nilörn is a leading global player in branding and design, founded in the 1970s. We specialize in creating added value for brands through innovative solutions in labels, packaging, and accessories, particularly tailored for the fashion and apparel industry.

With our extensive expertise, we offer customized concepts in branding, design, product development, and logistics solutions. Through digital initiatives like Nilörn:CONNECT along with a strong focus on sustainability and regulatory compliance, we strive to be a reliable partner for brands that value responsible and forward-thinking solutions.

Nilörn has an international presence with operations in Sweden, Denmark, the United Kingdom, Germany, Belgium, Portugal, Hong Kong, India, Turkey, China, Bangladesh, Italy, Switzerland, Vietnam, the USA, and Pakistan.

A presentation will be held via Teams 25/10 at 08.30 am CET, where the CEO presents the report. You can participate by register on the link below:

Registration Form

For further information about Nilörn, please contact:
Krister Magnusson, CEO
Tel: +46704-852 114. E-mail: krister.magnusson@nilorn.com

General about Nilörn Group 

Nilörn is a leading global player in branding and design, founded in the 1970s. We specialize in creating added value for brands through innovative solutions in labels, packaging, and accessories, particularly tailored for the fashion and apparel industry.

With our extensive expertise, we offer customized concepts in branding, design, product development, and logistics solutions. Through digital initiatives like Nilörn:CONNECT along with a strong focus on sustainability and regulatory compliance, we strive to be a reliable partner for brands that value responsible and forward-thinking solutions.

Nilörn has an international presence with operations in Sweden, Denmark, the United Kingdom, Germany, Belgium, Portugal, Hong Kong, India, Turkey, China, Bangladesh, Italy, Switzerland, Vietnam, the USA, and Pakistan.

We are pleased to announce that Nilörn is well on its way to resolving the issues that arose after the cyberattack that affected the company’s IT systems last week. We have now successfully resumed deliveries of goods from all sites, and operations are being gradually restored.

What Happened:

After the cyberattack that occurred on Tuesday, August 6, our dedicated IT team, in close collaboration with external experts, has been working around the clock to restore IT systems and ensure business continuity. Thanks to their extraordinary efforts, we have now been able to restore the most business-critical systems and can once again deliver products to our customers.

What Remains:

What remains to be addressed are systems that support the business but are not considered business-critical. We expect that the majority of these systems will be restored in the near future, and we continue to work methodically to ensure that everything functions as it should.

Thanks to Our Stakeholders:

We would like to extend a big thank you to our customers, suppliers, and all other concerned parties for your patience and understanding during this challenging period. We regret the disruptions that have occurred and want to assure you that we are doing everything to minimize future risks and strengthen our IT protection.

Restart of Production in Bangladesh:

We also want to inform you that our production operations in Bangladesh resumed on Monday, August 5, after a total shutdown of seven days caused by the ongoing unrest in the country. We are now collaborating with our customers, mainly consisting of local textile factories, to prioritize and manage orders and are expected to fulfil our delivery commitments as planned. Our local management prioritizes the safety of our employees and is closely monitoring developments. Operations may be shut down again if the situation worsens.

For further information about Nilörn, contact:

Krister Magnusson, CEO                   

Tel: +46 704-852 114. E-post: krister.magnusson@nilorn.com

This information is such that Nilörngruppen AB is obligated to disclose under the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person listed below, on August 13^th, 2024, at 15:15. 

About Nilörngruppen:

Nilörngruppen is a global company, founded in the 1970s, with expertise in adding value to brands through branding and design in the form of labels, packaging, and accessories, primarily for customers in the fashion and clothing industry. Nilörngruppen offers complete, creative, and customized concepts in branding, design, product development, and logistics solutions. The group operates through its own companies in Sweden, Denmark, the United Kingdom, Germany, Belgium, Portugal, Hong Kong, India, Turkey, China, Bangladesh, Italy, Switzerland, Vietnam, the USA, and Pakistan. See also: www.nilorn.se

Nilörn’s IT system has been subjected to a cyberattack, affecting our operations. As a result of this attack, our systems are currently down, and we are working intensively to restore functionality as quickly as possible.

What Happened:

Yesterday, August 6, it was discovered that our IT systems had been compromised through a cyberattack. This has resulted in disruptions to our operational processes and temporary interruptions to our services.

Actions Being Taken:

We have activated our IT security protocols and we are collaborating with cybersecurity experts to identify the extent of the breach and take the necessary measures to secure our systems. Our top priority is to protect sensitive information and minimize the impact on our customers and business partners.

Impact on Our Customers:

We are aware that this incident may affect our customers’ operations. We are working to ensure that all our services are restored and functioning normally as soon as possible. In the meantime, we will keep our customers and business partners updated on developments and provide them with the support they need.

For further information about Nilörn, contact:

Krister Magnusson, CEO

Tel: +46704-852 114. E-post: krister.magnusson@nilorn.com

This information is such that Nilörngruppen AB is obliged to make public in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on August 7, 2024, at 13:45.

General Information about Nilörn Group

Nilörn Group is a global company, founded in the 1970s, specializing in adding value to brands through branding and design in the form of labels, packaging, and accessories, primarily for customers in the fashion and apparel industry. Nilörn Group offers complete, creative, and customized branding concepts, design, product development, and logistics solutions. The group operates through its own companies in Sweden, Denmark, the United Kingdom, Germany, Belgium, Portugal, Hong Kong, India, Turkey, China, Bangladesh, Italy, Switzerland, Vietnam, the USA, and Pakistan.

See also: www.nilorn.se

Period April – June

• Order intake increased by 24 percent to MSEK 208 (167)
• Net sales in SEK increased by 14 percent to MSEK 262 (230)
• Net sales adjusted for currency effects amounted to MSEK 261, representing an underlying organic increase of 14 percent
• Operating profit amounted to MSEK 25.6 (16.1)
• Profit before tax amounted to MSEK 24.8 (12.7)
• Net profit for the period amounted to MSEK 18.7 (9.2)
• Earnings per share amounted to SEK 1.64 (0.81)

Period January – June

• Order intake increased by 13 percent to MSEK 441 (390)
• Net sales in SEK increased by 12 percent to MSEK 504 (451)
• Net sales adjusted for currency effects amounted to MSEK 504, representing an underlying organic increase of 12 percent
• Operating profit amounted to MSEK 48.1 (33.0)
• Profit before tax amounted to MSEK 46.0 (27.1)
• Net profit for the period amounted to MSEK 35.4 (20.3)
• Earnings per share amounted to SEK 3.11 (1.78)

A presentation will be held today 16/7 at 08.30 am CET, where the CEO presents the report. You can participate by register on the link below:

Registration Form

For further information about Nilörn, please contact: 
Krister Magnusson, CEO 
Tel: +46704-852 114. E-mail: krister.magnusson@nilorn.com

This information is information that Nilörngruppen is under obligation to publish in accordance with the EU Market Abuse Regulation and the Securities Markets Act. The information herein was provided by the contact person named below for publication at 08:00 a.m., 16 July 2024

General about Nilörn Group 

Nilörn Group is a global company, founded in the 1970s, with expertise in how to add value to brands through branding and design in the form of labels, packaging and accessories, primarily to customers in the fashion and clothing industry. Nilörn Group offers complete, creative and tailor-made concepts in branding, design, product development and logistical solutions. The Group operates through its own companies in Sweden, Denmark, the UK, Germany, Belgium, Portugal, Hong Kong, India, Turkey, China, Bangladesh, Italy, Switzerland, Vietnam, USA and Pakistan. See also: www.nilorn.se 

A presentation will be held via Teams 16/7 at 08.30 am CET, where the CEO presents the report. You can participate by register on the link below:

Registration Form

For further information about Nilörn, please contact:
Krister Magnusson, CEO
Tel: +46704-852 114. E-mail: krister.magnusson@nilorn.com

General about Nilörn Group 

Nilörn Group is a global company, founded in the 1970s, with expertise in how to add value to brands through branding and design in the form of labels, packaging and accessories, primarily to customers in the fashion and clothing industry. Nilörn Group offers complete, creative and tailor-made concepts in branding, design, product development and logistical solutions. The Group operates through its own companies in Sweden, Denmark, the UK, Germany, Belgium, Portugal, Hong Kong, India, Turkey, China, Bangladesh, Italy, Switzerland, Vietnam, USA and Pakistan. See also: www.nilorn.se

Report from the Annual General Meeting of Nilörngruppen AB

 The following was decided at the Annual General Meeting of Nilörngruppen AB held 14 May 2024:

The Income Statement and the Balance Sheet, the Consolidated Income Statement and the Consolidated Balance Sheet for 2023 were approved. The Annual General Meeting granted discharge to the members of the Board of Directors and the President for their management during the 2023 operating year.

Dividend to shareholders was decided to be paid at SEK 1.00 per share (total SEK 11.4 million) in accordance with the Board’s proposal. The record date for the right to receive dividends was set for 16 May 2024 and a dividend to shareholders is expected to be paid on 21 May 2024.

The Annual General Meeting decided that directors’ fees in a total amount of SEK 980,000 be paid, with SEK 280,000 to the Chairman of the Board of Directors and SEK 140,000 to each of the members of the Board of Directors. Fees to the auditors would be paid according to approved invoice.

The Annual General Meeting decided to re-elect Petter Stillström, Johan Larsson, Ann-Christine Hvittfeldt and Magnus Johansson and elect as new directors Per Wagnås and Annika Elfström. Petter Stillström was appointed to serve as Chairman of the Board of Directors.

The Annual General Meeting decided to elect Öhrlings PricewaterhouseCoopers AB, with Nicklas Kullberg as chief auditor.

Guidelines for compensation to members of senior management was adopted in accordance with the proposal of the Board of Directors.

The Board of Directors was authorised until the next-following Annual General Meeting to decide on new issuance, on one or more occasions, of up to 1,000,000 class B shares in accordance with the proposal of the Board of Directors.

As proposed, the Annual General Meeting decided not to appoint an election committee. Suggestions may be made by the Company’s major shareholders and will be presented in the notice to Annual General Meeting.

Questions will be answered by:

Krister Magnusson, CEO                   

Tel: +46704 852 114. E-post: krister.magnusson@nilorn.com

The information herein was provided for publication at 6:00 p.m.(CET), 14 May 2024.

Proposed Resolutions for the Annual General Meeting of Nilörn Group on May 14, 2024; new elections proposed by Annika Elfström and Per Wagnås.

At the time of the notice of the annual general meeting, there was no finalized proposal for the board of directors, chairman of the board, and remuneration. Nilörn’s main owner, AB Traction, which holds a majority of the votes in Nilörn Group, has announced the following proposal:

Point 9 Determination of the number of board members and alternates: Proposal: 6 members and no alternates.

Point 10 Determination of remuneration for the board and auditor: Proposal: 140,000 SEK/member (120,000 SEK), 280,000 SEK for the chairman (240,000 SEK), totaling 980,000 SEK. Remuneration for the auditor according to approved invoice.

Point 11 Election of board members and chairman of the board. Proposal: Re-election of Ankie Hvittfeldt, Magnus Johansson, Johan Larsson, and Petter Stillström. New election of Annika Elfström and Per Wagnås. Re-election of Petter Stillström as chairman of the board.

Brief presentation of the proposed members:

Annika Elfström, born: 1975, MSc Computer Science. CIO at AB Lindex and member of the executive management since 2019. Annika is an experienced, driven, and engaged leader with broad and extensive experience in the IT field. Annika has held several leading positions within the Stena Group since 2002, most recently as Chief Digital Transformation Officer, and before that various managerial roles in technology development, innovation, and digital business development.

Per Wagnås, born 1960, Market Economist. Sweden Manager of Wenaas Workear since 2022. Per has a background in both retail and international fashion and workwear industry. Previously active in Hultafors, CEO of the protective clothing company Puvab AB, marketing manager for Oscar Jacobson and Stenströms, and CEO of Newhouse AB. Per has also been active in Nilörn Group and was a member of the executive management with various responsibilities from 2004 to 2011.

Presentation of the current board of directors is available on Nilörn’s website.

Of the proposed members, all are independent of the company and all, except Petter Stillström, are independent of the owners.

For further information about Nilörn, please contact: 
Krister Magnusson, CEO 
Tel: +46704-852 114. E-mail: krister.magnusson@nilorn.com

General about Nilörn Group

Nilörn Group is a global company, founded in the 1970s, with expertise in how to add value to brands through branding and design in the form of labels, packaging and accessories, primarily to customers in the fashion and clothing industry. Nilörn Group offers complete, creative and tailor-made concepts in branding, design, product development and logistical solutions. The Group operates through its own companies in Sweden, Denmark, the UK, Germany, Belgium, Portugal, Hong Kong, India, Turkey, China, Bangladesh, Italy and Pakistan. Partner companies are located in Tunisia, the United States and Switzerland. See also: www.nilorn.se

Web links

Annual Report

Sustainability Report

Nilörngruppen publishes the Annual Report and the Sustainability Report for 2023

Nilörngruppen AB today published the Annual Report and the Sustainability Report for 2023 on the company’s website, www.nilorn.se

Annual Report

After a weak start to the year, it is pleasing that the underlying organic growth was back at the end of the year. Our customers in the luxury segment have shown strong development, while customers in the sports/outdoor segment have struggled with excessively large finished goods inventories. We continue to build to strengthen our offering and be a credible supplier. Nilörn has developed its offer, Nilörn:CONNECT and sees sustainability as a driving force.

Sustainability report

The Sustainability Report, highlighting the company’s Environmental, Social and Governance programs and accomplishments to date.

• The new report highlights continued progress in a number of areas including: 
• 95% renewable sourced electricity in our own office and production units (incl. RECs)
• Continuing to make progress together with our clients moving to more preferred materials, reaching 45% of recycled polyester and 61% FSC™ paper
• Achieving the target for reduction of air transportation and introduction of our internal Freight Handling Solution, supporting operational efficiency and decision-making
• Strengthening the responsible supply chain practices and implementing a platform to enhance transparency and traceability

We believe our products play a key role in the transition of the fashion and textile industry; through carrying legally required labelling, guidance and recommendations, they support consumers in making informed choices. This report demonstrates the achievements our team is making, all aimed at being “More Fit for the Future””

For further information about Nilörn, please contact: 
Krister Magnusson, CEO 
Tel: +46704-852 114. E-mail: krister.magnusson@nilorn.com

This information is information that Nilörngruppen is under obligation to publish in accordance with the EU Market Abuse Regulation and the Securities Markets Act. The information herein was provided by the contact person named below for publication at 16:45 p.m., 23 April 2024

General about Nilörn Group 

Nilörn Group is a global company, founded in the 1970s, with expertise in how to add value to brands through branding and design in the form of labels, packaging and accessories, primarily to customers in the fashion and clothing industry. Nilörn Group offers complete, creative and tailor-made concepts in branding, design, product development and logistical solutions. The Group operates through its own companies in Sweden, Denmark, the UK, Germany, Belgium, Portugal, Hong Kong, India, Turkey, China, Bangladesh, Italy, Switzerland, Vietnam, USA and Pakistan. See also: www.nilorn.se 

Period January – March

• Order intake increased by 5 percent to MSEK 233 (223)
• Revenue increased by 10 percent to MSEK 242 (221)
• Revenue adjusted for currency effects amounted to MSEK 243 (221), i.e., an underlying organic increase of 10 percent
• Operating profit amounted to MSEK 22.5 (16.9)
• Net profit for the period amounted to MSEK 16.7 (11.1)
• Earnings per share amounted to SEK 1.46 (0.97)
• Net cash excluding IFRS 16 amounted to MSEK 8 (43)

Significant during the quarter

• The board has decided to propose to the annual general meeting a dividend of SEK 1.00 (5.00) per share, equivalent to MSEK 11.4 (57.0)
• Nilorngruppen has initiated a strategic collaboration with Worldfavor, strengthening the Nilorn:CONNECT solution and offer to our customers on their journey towards the Digital Product Passport.

A presentation will be held today 17/4 at 08.30 am CET, where the CEO presents the report. You can participate by register on the link below:

Registration Form

For further information about Nilörn, please contact:
Krister Magnusson, CEO
Tel: +46704-852 114. E-mail: krister.magnusson@nilorn.com

This information is information that Nilörngruppen is under obligation to publish in accordance with the EU Market Abuse Regulation and the Securities Markets Act. The information herein was provided by the contact person named below for publication at 08:00 a.m., 17 April 2024

General about Nilörn Group 

Nilörn Group is a global company, founded in the 1970s, with expertise in how to add value to brands through branding and design in the form of labels, packaging and accessories, primarily to customers in the fashion and clothing industry. Nilörn Group offers complete, creative and tailor-made concepts in branding, design, product development and logistical solutions. The Group operates through its own companies in Sweden, Denmark, the UK, Germany, Belgium, Portugal, Hong Kong, India, Turkey, China, Bangladesh, Italy, Switzerland, Vietnam, USA and Pakistan. See also: www.nilorn.se