Brief: Bang & Olufsen Q4 EBIT Swings To Profit Of DKK 7 Mln

Bang & Olufsen A/S

07/07/2021 07:29

July 7 (Reuters) - Bang & Olufsen A/S  BO.CO :
    * Q4 REVENUE DKK 776 MILLION VERSUS DKK 377 MILLION YEAR AGO
    * Q4 EBIT DKK 7 MILLION VERSUS LOSS DKK 140 MILLION YEAR AGO
    * OUTLOOK FOR FINANCIAL YEAR 2021/22 IS:  REVENUE: DKK 2.9BN
TO
DKK 3.1BN
    * OUTLOOK FOR FINANCIAL YEAR 2021/22 IS: EBIT MARGIN BEFORE
SPECIAL ITEMS: 2-4%
    * WE EXPECT TO DELIVER DOUBLE-DIGIT REVENUE GROWTH AND
IMPROVE OUR
PROFITABILITY
    * 2021/22 OUTLOOK: FREE CASH FLOW: DKK 0M TO DKK 100M
    * EXPECTS UNCERTAINTY RELATED TO GLOBAL COMPONENT SHORTAGE
TO
PERSIST THROUGHOUT FINANCIAL YEAR
    * REVENUE GREW BY 31% IN LOCAL CURRENCIES, MAINLY DRIVEN BY
PRODUCT SALES.
    * PROPOSES NO DIVIDEND

Source text for Eikon:  ID:nGNE3dNr82 
Further company coverage:  BO.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))