Bang & Olufsen's Q2 results fail to 'get investors flying'

Bang & Olufsen A/S

12/01/2022 08:34

** Bang & Olufsen  BO.CO  falls 6.8% after reporting Q2
results that according to a Nordnet analyst were expected and
without any positive surprises
    ** The company's Q2 EBIT before special items was DKK 28 mln
($4.27 mln), unchanged from a year earlier, and it maintained
its outlook for 2021/22 fiscal year  urn:newsml:reuters.com:*:nASN0021LV 
    ** Per Hansen from Nordnet says he found the results
disappointing due to the lack of any positive surprises
    ** Hansen adds there were some uplifting signs of growth,
but they will hardly "get investors flying"
    ** The stock is the worst performer on the Copenhagen
all-share index  .OMXCPI 
($1 = 6.5523 Danish crowns)

 (Reporting by Marie Mannes)
 ((Marie.mannes@thomsonreuters.com))