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Bang & Olufsen A/S (BO.CO)

BO.CO on Copenhagen Stock Exchange

58.45DKK
17 Apr 2019
Change (% chg)

kr.-0.05 (-0.09%)
Prev Close
kr.58.50
Open
kr.57.25
Day's High
kr.58.55
Day's Low
kr.57.00
Volume
108,950
Avg. Vol
166,582
52-wk High
kr.174.80
52-wk Low
kr.53.55

Latest Key Developments (Source: Significant Developments)

Bang & Olufsen Announces Preliminary Financial Results For Q3, Adjusts Outlook
Monday, 25 Mar 2019 

March 25 (Reuters) - Bang & Olufsen A/S ::REG-BANG & OLUFSEN ANNOUNCES PRELIMINARY FINANCIAL RESULTS FOR THE THIRD QUARTER AND ADJUSTS THE COMPANY’S FINANCIAL OUTLOOK.REVENUE IS ESTIMATED TO HAVE DECLINED IN Q3.BANG & OLUFSEN- BASED ON PRELIMINARY SALES NUMBERS FOR Q3 2018/19 FINANCIAL YEAR, REVENUE FOR QUARTER ESTIMATED TO DKK 710 MILLION, DECLINE OF 18%.COMPANY NOW EXPECTS REVENUE FOR 2018/19 FINANCIAL YEAR TO DECLINE AROUND 10 PER CENT COMPARED WITH PREVIOUS FINANCIAL YEAR.BANG & OLUFSEN - NET CASH POSITION AS OF THE 28 FEBRUARY 2019 WAS DKK 517 MILLION..GROSS MARGIN FOR Q3 IS ESTIMATED TO BE 49.2 PER CENT COMPARED TO 44.4 PER CENT IN SAME QUARTER LAST YEAR.BANG & OLUFSEN - FREE CASH FLOW IN THE QUARTER IS ESTIMATED TO BE NEGATIVE DKK 13 MILLION COMPARED TO POSITIVE DKK 34 MILLION LAST YEAR.SEES EBIT MARGIN IS EXPECTED TO BE APPROXIMATELY 4-5 PER CENT FOR 2018/19 FINANCIAL YEAR.BANG & OLUFSEN - FREE CASH FLOW FOR 2018/19 FINANCIAL YEAR IS EXPECTED TO BE NEGATIVE DKK 200-250 MILLION (PREVIOUSLY ABOVE DKK 100 MILLION)..BANG & OLUFSEN - COMPANY CONSIDERS THAT IT CAN NO LONGER MAINTAIN ITS CURRENT 3-YEAR TARGETS.SHARE BUYBACK PROGRAMME TO BE DISCONTINUED.  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 Q4 2016/17 EBIT loss at DKK 95 million​
Wednesday, 12 Jul 2017 

July 12 (Reuters) - BANG & OLUFSEN A/S ::‍GROUP REVENUE INCREASED 13 PER CENT IN Q4 OF 2016/17,​.EXPECTS TO CONTINUE GROWTH MOMENTUM AND INCREASE REVENUE BY AROUND 10 PER CENT COMPARED TO 2016/17 AND TO INCREASE UNDERLYING EBITDAC MARGIN TO 8-10 PER CENT IN 2017/18.Q4 2016/17 REVENUE DKK 785 ‍​ MILLION VERSUS DKK 696 MILLION YEAR AGO.Q4 2016/17 EBIT LOSS DKK 95 ‍​ MILLION VERSUS LOSS DKK 72 MILLION YEAR AGO.2017/18 REVENUE GROWTH FOR THE GROUP IS EXPECTED TO BE AROUND 10 PER CENT COMPARED TO 2016/17..2017/18 EBITDAC FOR THE UNDERLYING BUSINESS IS EXPECTED TO BE 8-10 PER CENT OF REVENUE..THE EBIT MARGIN FOR THE UNDERLYING BUSINESS IS EXPECTED TO BE 1-3 PER CENT FOR 2017/18..THE GROUP’S FREE CASH FLOW IS EXPECTED TO BE POSITIVE IN 2017/18..  Full Article

Bang & Olufsen in confidence crisis as sales warning hits shares

COPENHAGEN, March 26 Shares in Bang & Olufsen (B&O) dropped by 20 percent on Tuesday after it issued a second sales warning for the financial year, with some investors saying there was now "a crisis of confidence" in the Danish luxury TV and stereo maker.