COPENHAGEN (Reuters) - Danish television and stereo maker Bang & Olufsen (BO.CO) reported a 29% drop in full-year revenue to 2.036 billion Danish crowns (£247.44 million) on Tuesday, although it added it expects sales to increase slightly next year.
Bang & Olufsen, whose most exclusive speakers cost up to $80,000, saw a 347 million crown loss in earnings before tax and interest (EBIT) of this year, in line with its own forecast but 15% lower than a profit of 59 million last year.
It said it expects revenue increase to 2.2 billion Danish crowns next year.
($1 = 6.5937 Danish crowns)
Reporting by Andreas Mortensen