Brief: Bang & Olufsen Q1 EBIT Loss Narrows To DKK 41 Million

Bang & Olufsen A/S

01/10/2020 07:11

Oct 1 (Reuters) - Bang & Olufsen A/S  BO.CO :
    * REG-BANG & OLUFSEN: INTERIM REPORT Q1 2020/21
    * REG-BANG & OLUFSEN: INTERIM REPORT Q1 2020/21
    * Q1 REVENUE WAS DKK 462M, WHICH WAS AN INCREASE OF 10.3%
YEAR-ON-YEAR (11% IN LOCAL CURRENCY).
    * Q1 EBIT MARGIN BEFORE SPECIAL ITEMS WAS -8.5%, 22.3PP
BETTER
THAN LAST YEAR
    * BANG & OLUFSEN A/S Q1 EBIT LOSS DKK 41 MILLION VERSUS LOSS
DKK
129 MILLION YEAR AGO
    * COMPANY MAINTAINS OUTLOOK FOR 2020/21.
    * FINANCIAL PERFORMANCE WAS DRIVEN BY GOOD PROGRESS ON
STRATEGY
EXECUTION AS WELL AS EFFECTS FROM COVID-19

Source text for Eikon:  ID:nGNE2fH6gW 
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