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Bang & Olufsen A/S (BO.CO)

BO.CO on Copenhagen Stock Exchange

45.04DKK
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Volume
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176,491
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Latest Key Developments (Source: Significant Developments)

Bang & Olufsen Adjusts Outlook For The Financial Year 2018/19
Monday, 3 Jun 2019 

June 3 (Reuters) - Bang & Olufsen A/S ::REG-BANG & OLUFSEN ADJUSTS OUTLOOK FOR THE FINANCIAL YEAR 2018/19.SEES 2018/19 REVENUE: 13-14% LOWER COMPARED WITH LAST FINANCIAL YEAR (PREVIOUSLY AROUND 10% LOWER).SEES 2018/19 FREE CASH FLOW: NEGATIVE DKK 275 TO 300 MILLION (PREVIOUSLY NEGATIVE DKK 200-250M).FOR FINANCIAL YEAR 2019/20, BANG & OLUFSEN EXPECT TO AGAIN DELIVER PROFITABLE GROWTH.SEES 2018/19 EBIT MARGIN: 2-3% (PREVIOUSLY APPROXIMATELY 4-5%).REVENUE IN Q4 WAS PRIMARILY IMPACTED BY LOWER THAN EXPECTED SALES IN EUROPE.AS A CONSEQUENCE OF LOWER THAN EXPECTED REVENUE IN Q4, EXPECTED EBIT MARGIN AND FREE CASH FLOW WAS ALSO NEGATIVELY IMPACTED.  Full Article

Bang & Olufsen Q3 Revenue DKK 710 Million
Thursday, 4 Apr 2019 

April 4 (Reuters) - Bang & Olufsen A/S ::REG-INTERIM REPORT 3RD QUARTER 2018/19 (1 JUNE 2018 - 28 FEBRUARY 2019).Q3 REVENUE DKK 710 MILLION VERSUS DKK 865 MILLION YEAR AGO.AS ANNOUNCED IN COMPANY ANNOUNCEMENT 18.49, ON 26 MARCH 2019, COMPANY HAS REVISED ITS OUTLOOK.COMPANY EXPECTS REVENUE FOR 2018/19 TO DECLINE AROUND 10 PER CENT COMPARED WITH PREVIOUS FINANCIAL YEAR.Q3 EBIT DKK 30 MILLION VERSUS DKK 49 MILLION YEAR AGO.COMPANY HAS DECIDED THAT IT CAN NO LONGER MAINTAIN ITS CURRENT 3-YEAR TARGETS.2018/19 EBIT MARGIN IS EXPECTED TO BE APPROXIMATELY 4-5 PER CENT (PREVIOUSLY 7-9 PER CENT)..COMPANY WILL ASSESS AND RESTATE ITS LONG-TERM FINANCIAL TARGETS AND WILL DISCLOSE REVISED TARGETS IN CONNECTION WITH ANNOUNCEMENT OF ANNUAL REPORT FOR 2018/19.SAYS Q3 WAS A CHALLENGING QUARTER, RESULTING IN A REVENUE DECLINE OF 18 PER CENT.SAYS ONGOING TRANSFORMATION OF SALES AND DISTRIBUTION NETWORK COMBINED WITH LOWER THAN EXPECTED REVENUE FROM STAGED CATEGORY WERE KEY FACTORS CONTRIBUTING TO DECLINE.SAYS IN SPITE OF AN IMPROVED GROSS MARGIN, RESULTS WE HAVE DELIVERED IN Q3 ARE CLEARLY NOT SATISFACTORY.  Full Article

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