Brief: Bang & Olufsen Q3 EBIT Before Special Items Turns To Loss Of DKK 43 Mln

Bang & Olufsen A/S

13/04/2023 07:26

April 13 (Reuters) - Bang & Olufsen A/S  BO.CO :
    * INTERIM REPORT FOR Q3 2022/23:  BANG & OLUFSEN: Q3 HIGHLY
IMPACTED BY COVID-19 IN CHINA
    * Q3 GROSS MARGIN WAS 43.6% AGAINST 44.0% LAST YEAR
    * HEAVILY IMPACTED BY COMPANY'S CHINA PERFORMANCE, EBIT
MARGIN
BEFORE SPECIAL ITEMS WAS NEGATIVE 6.8% (Q3 21/22: 0.7%)
    * Q3 REVENUE DECLINED 18% (-20% IN LOCAL CURRENCIES) IN
QUARTER
    * Q3 EBIT BEFORE SPECIAL ITEMS WAS DKK -43M (Q3 21/22: DKK
6M)

Source text for Eikon:  ID:nGNE4g05HP 
Further company coverage:  BO.CO 

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