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BO Bang & Olufsen A/S News Story

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Brief: Bang & Olufsen: CEO Kristian Teär Steps Down, Q2 Revenue DKK 676 Mln

Jan 7 (Reuters) - Bang & Olufsen A/S BO.CO:

Q2 REVENUE DKK 676 MILLION

Q2 ADJUSTED EBIT MARGIN -5.3%

GROSS MARGIN 57.9%

Q2 FREE CASH FLOW DKK -33 MILLION

OUTLOOK FY ADJUSTED EBIT MARGIN -3 TO 1%

CEO KRISTIAN TEÄR STEPS DOWN

NIKOLAJ WENDELBOE APPOINTED INTERIM CEO AND CFO

REVENUE GROWTH OUTLOOK IN LOCAL CURRENCIES IS NARROWED TO 1% TO 5% FROM PREVIOUSLY 1% TO 8%

Source text: ID:nGNE64cpK9

Further company coverage: BO.CO

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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