Brief: Bang & Olufsen Q4 EBIT Loss Widens To DKK 140 Million

Bang & Olufsen A/S

07/07/2020 07:26

July 7 (Reuters) - Bang & Olufsen A/S  BO.CO :
    * REG-BANG & OLUFSEN: ANNUAL REPORT 2019/20
    * REG-BANG & OLUFSEN: ANNUAL REPORT 2019/20
    * OUTLOOK IS UNCHANGED COMPARED TO PRELIMINARY GUIDANCE FOR
2020/21
    * BANG & OLUFSEN A/S Q4 GROUP REVENUE DKK 377 MILLION VERSUS
DKK
618 MILLION YEAR AGO
    * OUTLOOK HAS HIGHER UNCERTAINTIES DUE TO COVID-19.
    * BANG & OLUFSEN A/S Q4 EBIT LOSS DKK 140 MILLION VERSUS
LOSS DKK
66 MILLION YEAR AGO
    * 2019/20 WAS A DISAPPOINTING YEAR FOR BANG & OLUFSEN
    * RESULTS WERE WITHIN LATEST FINANCIAL OUTLOOK PUBLISHED ON
13
MARCH 2020
    * " THE OUTLOOK ALSO REFLECTS THAT WE CONTINUE TO DEPLOY OUR
NEW
STRATEGY PLAN AMID THE UNCERTAINTY CAUSED BY THE COVID-19
CRISIS." CHAIRMAN

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