Bang & Olufsen: Jumps after strong Q2

Bang & Olufsen A/S

12/01/2021 08:10

** Shares in Danish luxury TV and stereo maker Bang &
Olufsen  BO.CO  soar over 7% after Q2 EBIT turning to profit,
double-digit growth 
    ** The company posts Q2 EBIT swinging to a profit of DKK 25
million  ($4.09 million) versus a loss of DKK 77 million year
ago  urn:newsml:reuters.com:*:nL8N2JN166
    ** The company cites good progress on strategy execution,
high demand for home entertainment products
    ** Keeps 2020/21 guidance announced on Dec. 15  urn:newsml:reuters.com:*:nASN000N1H


($1 = 6.1137 Danish crowns)

 ((marta.frackowiak@thomsonreuters.com))