Brief: Bang & Olufsen Says Sees FY 2020/21 Revenue DKK 2.625 Billion To DKK 2.675 Billion

Bang & Olufsen A/S

01/06/2021 17:06

June 1 (Reuters) - Bang & Olufsen A/S  BO.CO :
    * REG-BANG & OLUFSEN ANNOUNCES ESTIMATED RESULTS FOR
2020/21:
DOUBLE-DIGIT GROWTH AND POSITIVE EBIT FOR THE FINANCIAL YEAR
    * SEES FY 2020/21 EBIT BEFORE SPECIAL ITEMS DKK 25 MILLION
TO 50
MILLION
    * SEES FY REVENUE DKK 2.625 BILLION TO 2.675 BILLION
    * SEES FY FREE CASH FLOW DKK 115 MLNTO 125 MILLION
    * BANG & OLUFSEN - REVENUE GROWTH WAS STILL NEGATIVELY
IMPACTED BY
SUPPLY CONSTRAINTS RELATED TO COMPONENT SCARCITY DUE TO COVID-19
    * EXPECTS THAT GLOBAL SHORTAGES ON COMPONENTS WILL CONTINUE
INTO
NEXT FINANCIAL YEAR AS WELL

Source text for Eikon:  ID:nGNEbkY4Jk 
Further company coverage:  BO.CO 

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