Brief: Reg-Bang & Olufsen Reports Double-Digit Growth For The Third Quarter In A Row

Bang & Olufsen A/S

08/04/2021 07:09

April 8 (Reuters) - Bang & Olufsen A/S  BO.CO :
    * REG-BANG & OLUFSEN’S INTERIM REPORT Q3 2020/21: B&O REPORTS DOUBLE-DIGIT GROWTH FOR THE
THIRD
QUARTER IN A ROW
    * REG-BANG & OLUFSEN’S INTERIM REPORT Q3 2020/21: B&O REPORTS DOUBLE-DIGIT GROWTH FOR THE
THIRD
QUARTER IN A ROW
    * BANG & OLUFSEN A/S - COMPANY MAINTAINS OUTLOOK FOR REVENUE AND EBIT BEFORE SPECIAL ITEMS,
WHEREAS OUTLOOK FOR FREE CASH FLOW HAS BEEN NARROWED TO UPPER END OF RANGE.
    * BANG & OLUFSEN A/S - IN Q3, REVENUE GREW BY 16% IN LOCAL CURRENCIES, DRIVEN BY TARGETED
SALES
AND MARKETING INITIATIVES, IMPROVED CHANNEL PERFORMANCE AND HIGH DEMAND FOR HOME ENTERTAINMENT
PRODUCTS.
    * BANG & OLUFSEN A/S - Q3 EBIT WAS DKK 28M, EQUIVALENT TO AN EBIT MARGIN OF 4.0% (Q3 19/20:
-0.3%)
    * BANG & OLUFSEN A/S - OUTLOOK: FREE CASH FLOW: DKK 0M TO +100M (PREVIOUSLY DKK -50M TO
+100M)
    * BANG & OLUFSEN A/S - OUTLOOK IS BASED ON CERTAIN ASSUMPTIONS AND CONTINUES TO BE SUBJECT
TO HIGH
UNCERTAINTY DUE TO COVID-19
    * BANG & OLUFSEN A/S - Q3 RESULTS WERE DRIVEN BY TARGETED SALES AND MARKETING INITIATIVES,
IMPROVED CHANNEL PERFORMANCE AND HIGH DEMAND FOR HOME ENTERTAINMENT PRODUCTS
    * WE REMAIN ON TRACK TO DELIVER ON OUR EXPECTATIONS FOR FINANCIAL YEAR
    * Q3 REVENUE DKK  698 MILLION VERSUS PRELIM DKK 613 MILLION YEAR AGO

Source text for Eikon:  ID:nGNE2W7VkM 
Further company coverage:  BO.CO 

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