Bang & Olufsen: Jumps after strong Q3 results

Bang & Olufsen A/S

08/04/2021 08:59

** Shares in Bang & Olufsen  BO.CO  jump 9% after the Danish
luxury TV and stereo maker reported positive Q3 EBIT, and
maintained outlook  ASN0011QM 
    ** The company posted Q3 EBIT swinging to a profit of DKK 28
million  ($4.47 million), Q3 revenue up by 16% in local
currencies 
    ** It kept its revenue and EBIT before special items
outlook, narrowing free cash flow outlook to upper range of DKK
0 - +100 million
    ** The stock is on track for its biggest weekly gains since
December, after jumping 15% on Tuesday



($1 = 6.2604 Danish crowns)

 ((marta.frackowiak@thomsonreuters.com))