Brief: Bang & Olufsen Q1 Revenue Up At DKK 619 Mln

Bang & Olufsen A/S

11/10/2023 07:24

Oct 11 (Reuters) - Bang & Olufsen A/S  BO.CO :
    * BANG & OLUFSEN INTERIM REPORT FOR Q1 2023/24:
SIGNIFICANTLY
IMPROVED GROSS MARGIN CONTRIBUTED TO PROFITABLE GROWTH IN Q1 FOR
BANG & OLUFSEN
    * REVENUE GREW BY 1.2% (5% IN LOCAL CURRENCIES) DURING
QUARTER
    * SINCE Q4 2022/23, COMPANY'S SUPPLY CHAINS HAVE NORMALISED,
CONTRIBUTING TO IMPROVEMENT IN GROSS MARGIN
    * MARGIN WAS FAVOURABLY IMPACTED BY HIGHER MARGINS ACROSS
ALL
PRODUCT CATEGORIES, SUPPORTED BY PRICE INCREASES SINCE LAST
YEAR, AS WELL AS A CHANGE IN PRODUCT MIX TOWARDS HIGHER-MARGIN
PRODUCTS
    * COMPANY MAINTAINS ITS OUTLOOK
    * Q1 REVENUE DKK 619 MILLION VERSUS DKK  612 MILLION YEAR
AGO
    * 2023/24 OUTLOOK IS UNCERTAIN DUE TO HIGH INFLATION, RISING
INTEREST RATES, UKRAINE WAR, AND CHINA'S ECONOMIC RECOVERY

Source text for Eikon:  ID:nGNE1r3q5T 
Further company coverage:  BO.CO 

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