Bang & Olufsen: Surges 13% after outlook hike

Bang & Olufsen A/S

02/06/2021 08:12

** Shares in Danish luxury TV and stereo maker Bang &
Olufsen  BO.CO  surge 13%
    ** The company raised its guidance on Tuesday for 2020/21
revenue, EBIT before special items, and free cash flow
 urn:newsml:reuters.com:*:nASN0019LT
    ** It now expects FY revenue in range of DKK 2.625 billion 
to DKK 2.675 billion ($431.01 million - $439.22 million), and
EBIT ex-items in range of DKK 25-50 million
    ** According to Nordnet analyst Per Hansen guidance hike is
a final proof of turnaround, despite headwinds
    ** The stock is up 9.8% YTD


($1 = 6.0855 Danish crowns)

 ((joanna.wodzicka@tr.com))