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Bang & Olufsen a/s (BUOB.F)
- Globe Newswire
Change of Board of Directors - employee elected member steps down and is succeeded by alternate
Bang & Olufsen A/S today announces that Brian Bjørn Hansen is stepping down as an employee elected member of the Board of Directors as of 22 May 2024. Chair of the Board of Directors, Juha Christensen comments: “I would like to thank Brian Bjørn Hansen for his time and contribution in our Technology Committee and as a member of the Board.” Brian Bjørn Hansen will be succeeded by alternate Andra Gavrilescu, who will become new employee-elected member of the Board of Directors. For further informa
- Globe Newswire
Bang & Olufsen releases preliminary Q3 numbers and adjusts revenue outlook for the financial year. Positive earnings expected for the full year despite lower revenue
Bang & Olufsen’s preliminary Q3 2023/24 result for group revenue is DKK 614m, a 2% year-on-year decline in local currencies and flat year-on-year growth in product revenue. The revenue outlook for the financial year 2023/24 (ending 31 May 2024) is adjusted due the company’s sales being impacted by slower-than-expected improvement of macroeconomic conditions in the company’s key markets in Europe. Further, Bang & Olufsen does not foresee a significant recovery of the Chinese economy to materialis
- Globe Newswire
Bang & Olufsen interim report for Q1 2023/24: Significantly improved gross margin contributed to profitable growth in Q1 for Bang & Olufsen
Despite challenging macroeconomic conditions continuing to impact the world, Bang & Olufsen saw robust consumer demand in most markets during the first quarter, spanning from 1 June to 31 August. Overall, like-for-like sell-out increased by 8%. In the APAC region, sell-out grew by 29%. This was partly due to low comparables as especially China was impacted by regional lockdowns last year. Revenue grew by 1.2% (5% in local currencies) during the quarter. EMEA grew by 26.7% (28% in local currencie
