Brief: Bang & Olufsen Says Adjusts Financial Outlook Due To China Lockdowns

Bang & Olufsen A/S

10/05/2022 19:01

May 10 (Reuters) - Bang & Olufsen A/S  BO.CO :
    * ADJUSTS FINANCIAL OUTLOOK DUE TO CHINA LOCKDOWNS
    * NOW EXPECTS REVENUE TO GROW TO A RANGE BETWEEN DKK 2.85BN
AND
DKK 2.95BN FOR FY 2021/22
    * FOR FY 2021/22 EBIT MARGIN BEFORE SPECIAL ITEMS IS
EXPECTED TO
BE BETWEEN -2% AND 2%
    * IN ADDITION TO IMPACT ON SALES, EXPERIENCING RESTRICTED
ACCESS
TO WAREHOUSES, LOGISTICAL CHALLENGES, IMPLICATIONS FOR
PRODUCTION PARTNERS

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

 ((Reuters.Briefs@thomsonreuters.com;))