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United Kingdom

Bang & Olufsen A/S (BO.CO)

BO.CO on Copenhagen Stock Exchange

138.00DKK
12 Dec 2017
Change (% chg)

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kr.138.00
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Avg. Vol
76,235
52-wk High
kr.148.50
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kr.78.00

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Wed, Oct 4 2017

B&O to pump up the volume on cheaper speakers to drive growth

COPENHAGEN, Oct 4 Bang & Olufsen is targeting its more affordable B&O Play products and brand partnerships to drive growth as the Danish company moves away from its mainstay high-end stereo and TVs.

BRIEF-Bang & Olufsen Q1 EBIT LOSS lowers to DKK 65 mln YoY

* Q1 2017/18 REVENUE DKK 592 MILLION VERSUS DKK 515 MILLION YEAR AGO

BRIEF-Bang & Olufsen Q4 2016/17 EBIT loss at DKK 95 million​

* 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

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