Brief: Bang & Olufsen Says For 2023/24, EXPECTS REV DKK 2.6 Bln

Bang & Olufsen A/S

03/07/2024 20:14

July 3 (Reuters) - Bang & Olufsen A/S  BO.CO :
    * REG-BANG & OLUFSEN TO ACCELERATE STRATEGIC EXECUTION AND
SET
MEDIUM-TERM FINANCIAL AMBITIONS
    * BANG & OLUFSEN A/S- TARGETS ORGANIC REVENUE GROWTH OF 8%
(CAGR)
IN THREE-YEAR PERIOD COVERING FINANCIAL YEARS 2025/26 TO 2027/28
    * BANG & OLUFSEN - PLAN IS THEREFORE CONDITIONAL UPON A
CAPITAL
INCREASE OF UP TO 20% OF COMPANY'S SHARE CAPITAL
    * BANG & OLUFSEN: FOR FY 2024/25, CO EXPECTS REVENUE GROWTH
IN
LOCAL CURRENCIES FROM -3% TO 3%
    * BANG & OLUFSEN A/S - TARGETS EBIT MARGIN BEFORE SPECIAL
ITEMS OF
8% FOR FY 2027-2028
    * BANG & OLUFSEN - ANNUAL CAPEX IS EXPECTED TO BE AROUND
30-40%
HIGHER THAN EXPECTED LEVEL IN 2024/25
    * BANG & OLUFSEN:  FOR FY 2024/25, EXPECTS EBIT MARGIN
BEFORE
SPECIAL ITEMS FROM -2% TO 1%
    * BANG & OLUFSEN - FOR 2023/24, EXPECTS REVENUE DKK 2,588M
(-5%
GROWTH IN LOCAL CURRENCIES), EBIT MARGIN BEFORE SPECIAL ITEMS OF
2.4%

Source text for Eikon:  ID:nGNE5ndk3w 
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