Willy Bogner GmbH (hereafter: BOGNER) has once again delivered solid results in the financial year 2022/23 (reporting date 31 March 2023). Despite the challenging global economic environment, the international lifestyle and luxury sports fashion company continued to improve outcomes and pursue its growth path. At 175.6 million euros, BOGNER's consolidated sales were up 5.6 percent and 9.3 million euros higher than the previous year's figures of 166.3 million euros. The operating result also continued to improve, underlining that BOGNER is on a profitable growth path. EBIT amounted to 9.5 million euros, whereas the previous year's figure on a comparable basis – i.e., excluding non-recurring expenses from the successfully implemented Performance Program from 2020 to 2022 – was 4.4 million euros. EBITDA, at 13.5 million euros, was also higher than the comparable figure for the previous year of 12.7 million euros.
Compared to the previous year, wholesale results were particularly strong, with an increase of 10 per cent compared to the previous year. In retail, BOGNER also recorded a high single-digit increase in sales (8 percent). The figures reflect the positive impact of the gradually lifted COVID-19 measures. As a result, the personal shopping experience regained relevance and in-store sales increased. As expected, digital sales, which had previously grown strongly due to COVID-19, declined (15 percent), but were more than offset by growth in other channels.
BOGNER continued to benefit from the performance of its two core brands, BOGNER and FIRE+ICE. In the past financial year, FIRE+ICE stood out particularly positively, with a significant increase in sales compared to the previous year. Regionally, Germany, Austria and Switzerland remained the strongest markets, while BOGNER's international presence continued to grow, particularly in EMEA, China and North America.
Gerrit Schneider, CEO of BOGNER: “BOGNER is well positioned and has once again delivered a positive financial year in what remains a challenging environment for the entire industry, thanks to the commitment of our employees. To continue to grow profitably in the future, we have further developed our strategy while remaining true to our DNA. We are driving our brands and products forward, investing in our home market while broadening our international appeal.”
Frank Wiesner, CFO of BOGNER: “The numbers show that BOGNER is performing well across channels and regions. We benefit from our broad positioning. During the pandemic, we managed to maintain a stable financial position and have been on a growth path ever since – and we will continue to do so in the post-COVID period.”
Having successfully completed the move to the new headquarters in Munich in October 2022, BOGNER starts the new fiscal year 2023/24 with ideal conditions for modern, improved work processes and collaborative, creative and productive work. Regionally, the focus remains on the GSA market, with EMEA, the USA and China also remaining important sales regions. In addition to the expansion of distribution channels and efficient digital structures, BOGNER is focusing in particular on the strategic strengthening of brands and products. The company's heritage is central to its direction. BOGNER comes from the mountains, but also conquers the urban world and accompanies its customers in sports and everyday life. The forthcoming Autumn/Winter 2024 collection already reflects some of the planned innovations: Ready-to-Wear is moving closer to Active Sports. Jersey, knitwear, and outerwear are at the heart of the product themes. Tradition and modernity remain closely connected, driven by the demand for the highest quality and alpine luxury that BOGNER has celebrated since 1932.