Brief: Bang & Olufsen Q3 EBIT Swings To Loss DKK 1 Million

Bang & Olufsen A/S

02/04/2020 07:50

April 2 (Reuters) - Bang & Olufsen A/S  BO.CO :
    * REG-BANG & OLUFSEN: INTERIM REPORT Q3 2019/20
    * BANG & OLUFSEN A/S Q3 REVENUE DKK 613 MILLION VERSUS DKK
710
MILLION YEAR AGO
    * BANG & OLUFSEN A/S - OUTLOOK IS UNCHANGED COMPARED TO WHAT
WAS
PUBLISHED IN COMPANY ANNOUNCEMENT 19.19 ON 13 MARCH 2020
    * BANG & OLUFSEN A/S Q3 EBIT LOSS DKK 1 MILLION VERSUS
PROFIT DKK
30 MILLION YEAR AGO
    * BANG & OLUFSEN A/S - OUTLOOK HAS HIGHER UNCERTAINTIES DUE
TO
COVID-19.
    * BANG & OLUFSEN A/S - "DESPITE COVID-19, WE ONLY
EXPERIENCED
MINOR CONSTRAINTS ON SUPPLY OF PRODUCTS IN QUARTER, AND WE
EXPECT TO LAUNCH PRODUCTS WITH MINOR DELAYS WITHIN Q4" CEO
    * BANG & OLUFSEN A/S - SEES THAT COVID-19 IMPACTS MOST OF
MAJOR
MARKETS IN COMING QUARTER
    * BANG & OLUFSEN A/S - SALES SITUATION IS STILL VERY
UNCERTAIN
    * BANG & OLUFSEN A/S - COMPANY TARGETS A REDUCTION IN COSTS
OF DKK
175M IN 2021/22
    * BANG & OLUFSEN A/S - ON CORONAVIRUS: BASED ON STRATEGY
UPDATE
AND POTENTIAL EFFECTS OF COVID-19, COMPANY IS CONSIDERING WAYS
TO STRENGTHEN CAPITAL POSITION.

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

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