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Bang & Olufsen A/S (BO.CO)

BO.CO on Copenhagen Stock Exchange

96.60DKK
3:59pm GMT
Change (% chg)

kr.2.30 (+2.44%)
Prev Close
kr.94.30
Open
kr.93.50
Day's High
kr.97.60
Day's Low
kr.93.50
Volume
49,292
Avg. Vol
107,568
52-wk High
kr.178.00
52-wk Low
kr.85.00

Latest Key Developments (Source: Significant Developments)

Bang & Olufsen Q2 EBIT at DKK 90 mln
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - Bang & Olufsen A/S ::PROFITABILITY IMPROVED THANKS TO CHANGED OPERATING MODEL.Q2 REVENUE DKK 909 MILLION VERSUS DKK 999 MILLION YEAR AGO.GROUP NOW EXPECTS REVENUE FOR 2018/19 TO BE AT SAME LEVEL AS IN 2017/18.REVENUE WAS ADVERSELY IMPACTED BY TRANSFORMATION OF SALES AND DISTRIBUTION NETWORK, PRIMARILY IN MULTIBRAND RETAIL.Q2 EBIT DKK 90 MILLION VERSUS DKK 83 MILLION YEAR AGO.OUTLOOK FOR AN EBIT MARGIN OF 7-9 PER CENT AND A FREE CASH FLOW ABOVE DKK 100 MILLION IS UNCHANGED..ABILITY TO SUSTAIN MOMENTUM WITH KEY PARTNERS IN EXISTING MULTIBRAND RETAIL AND DISTRIBUTION SETUP WEAKER THAN EXPECTED.NEW LOGISTICS SETUP DID NOT ESTABLISH WELL-FUNCTIONING AND STABLE OPERATIONS DURING QUARTER.SIGNIFICANT DELIVERY ISSUES ESPECIALLY TOWARDS END OF QUARTER, IMPACTING REVENUE..Q2 REVENUE DECLINED BY 9 PER CENT.  Full Article

Bang & Olufsen Adjusts Revenue Outlook For 2018/19
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Bang & Olufsen A/S ::REG-BANG & OLUFSEN ADJUSTS REVENUE OUTLOOK FOR 2018/19. OUTLOOK FOR EBIT MARGIN AND FREE CASH FLOW IS UNCHANGED.NOW EXPECTS REVENUE FOR FINANCIAL YEAR 2018/19 AT SAME LEVEL AS 2017/18.OUTLOOK FOR EBIT MARGIN AND FREE CASH FLOW IS UNCHANGED.  Full Article

Bang & Olufsen Appoints Nikolaj Wendelboe As CFO
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Bang & Olufsen A/S ::REG-BANG & OLUFSEN APPOINTS NIKOLAJ WENDELBOE AS CFO.NIKOLAJ WENDELBOE WILL START AT BANG & OLUFSEN NO LATER THAN JULY 2019..NIKOLAJ REPLACES ANDERS AAKÆR JENSEN, WHO LEFT COMPANY 30 NOVEMBER 2018.NIKOLAJ WENDELBOE HAS BEEN CEO IN ARRIVA DANMARK A/S FOR FOUR YEARS AND PRIOR TO THAT HE WAS CFO FOR THREE YEARS.  Full Article

Sparkle Roll Group Says Disposed 407,345 B&O Shares Between May 22 And August 17
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Sparkle Roll Group Ltd <0970.HK>::DISPOSED TOTAL OF 407,345 B&O SHARES BETWEEN 22 MAY 2018 AND 17 AUGUST 2018 AT AVERAGE PRICE OF DKK152.5 PER SHARE.AGGREGATE GROSS SALE PROCEEDS OF DEAL HK$76 MILLION.  Full Article

Bang & Olufsen: CFO To Leave Bang & Olufsen
Thursday, 31 May 2018 

May 31 (Reuters) - BANG & OLUFSEN A/S ::REG-EXECUTIVE VICE PRESIDENT AND CFO ANDERS AAKÆR JENSEN TO LEAVE BANG & OLUFSEN.ANDERS AAKÆR JENSEN TODAY INFORMED CO THAT HE, AFTER PERSONAL CONSIDERATIONS, WILL LEAVE BANG & OLUFSEN BY END NOVEMBER 2018.SEARCH FOR ANDERS AAKÆR JENSEN'S SUCCESSOR WILL NOW BE INITIATED.  Full Article

Bang & Olufsen Q2 Underlying Business EBITDAC Up At DKK 135 MLn
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Bang & Olufsen A/S ::- REMAIN ON TRACK FOR FULL YEAR.- Q2 REVENUE GROWTH OF 15 PER CENT.GROUP'S TOTAL REVENUE FOR FIRST HALF OF 2017/18 WAS DKK 1,591 MILLION.- EXPECTS TO CONTINUE GROWTH MOMENTUM AND INCREASE REVENUE BY AROUND 10 PER CENT COMPARED TO 2016/17.‍EBIT MARGIN FOR UNDERLYING BUSINESS IS EXPECTED TO BE AROUND 3 PER CENT (PREVIOUSLY 1-3 PER CENT) FOR 2017/18​.GROUP'S FREE CASH FLOW IS EXPECTED TO BE POSITIVE IN 2017/18.Q2 EBITDAC IN UNDERLYING BUSINESS WAS DKK 135 MILLION AGAINST DKK 70 MILLION LAST YEAR.  Full Article

Bang & Olufsen Q1 EBIT LOSS lowers to DKK 65 mln YoY
Wednesday, 4 Oct 2017 

Oct 4 (Reuters) - BANG & OLUFSEN A/S ::OUTLOOK FOR 2017/18 REMAINS UNCHANGED.Q1 2017/18 REVENUE DKK 592 MILLION VERSUS DKK 515 MILLION YEAR AGO.Q1 2017/18 EBIT LOSS DKK 65 MILLION VERSUS LOSS DKK 89 MILLION YEAR AGO.  Full Article

TV and stereo maker Bang & Olufsen sticks to strategy as quarterly revenue falls

COPENHAGEN, Jan 8 Danish luxury TV and stereo maker Bang & Olufsen (B&O) said on Tuesday it was confident in its strategy, despite a drop in sales and logistics problems in the second quarter.