Bang & Olufsen a/s (BO.CO)
- 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
- Globe Newswire
Notification of transactions by persons discharging managerial responsibilities
As part of the implementation of Bang & Olufsen A/S’ long-term share-based incentive programs certain members of management have acquired shares in Bang & Olufsen A/S vested under the programs. In that connection, Bang & Olufsen A/S has received notification pursuant to article 19 of regulation (EU) no. 596/2014 of the below transactions related to shares in Bang & Olufsen made by persons discharging managerial responsibilities in Bang & Olufsen A/S and/or persons closely related with them. Plea
