Brief: Bang & Olufsen: Q3 EBITDA Before Special Items Up At DKK 72 Mln

Bang & Olufsen A/S

10/04/2024 07:13

April 10 (Reuters) - Bang & Olufsen A/S  BO.CO :
    * Q3 EBITDA BEFORE SPECIAL ITEMS WAS DKK 72M (Q3 22/23: DKK
15M)
    * Q3 EBITDA MARGIN BEFORE SPECIAL ITEMS OF 11.7%, COMPARED
TO 2.4%
IN Q3 OF LAST YEAR.
    * SAYS THE MACROECONOMIC CONDITIONS IN KEY MARKETS IN EUROPE
DID
NOT IMPROVE AS THE COMPANY EXPECTED
    * SAYS B&O DOES NOT EXPECT THE CHINESE ECONOMY TO IMPROVE
SIGNIFICANTLY IN THE NEAR FUTURE
    * Q3 REVENUE DECLINED BY 3% (-3% IN LOCAL CURRENCIES)
YEAR-ON-YEAR
    * Q3 GROSS MARGIN WAS 53.2%, WHICH WAS 9.6PP HIGHER THAN IN
Q3 OF
LAST YEAR
    * Q3 REVENUE DKK 614 MILLION VERSUS DKK 635 MILLION YEAR AGO

Source text for Eikon:  ID:nGNE3HKqDr 
Further company coverage:  BO.CO 

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