Bang & Olufsen slips as EBIT margin guidance disappoints

Bang & Olufsen A/S

07/07/2021 08:51

** Shares in Danish luxury TV and stereo maker Bang &
Olufsen  BO.CO  dip 3% after initially opening higher as its
EBIT margin guidance came in below expectations
    ** The company said it returned to profitability with H2
margin of 1.4% versus 15 fall% in a corresponding period in
2019/20 and sees 2021/22 revenue of DKK 2.9-3.1 bln and EBIT
margin before special items of 2-4%  urn:newsml:reuters.com:*:nL3N2OC3CQ
    ** Nordnet analyst Per Hanses says the reported figures are
in line with expectations, but margin guidance disappoints 
    ** He adds, though, it might be a starting point for
potential upgrades

 (Reporting by Izabela Niemiec)
 ((izabela.niemiec@tr.com))