Denmark's Bang & Olufsen Q1 preliminary revenue rises on growth in branded channels

Bang & Olufsen A/S

29/09/2026 12:13

Overview
Denmark audio equipment maker's preliminary Q1 revenue rose 2.2% in local currencies
Gross margin improved to 59.4%, up 0.7 percentage points yr/yr
Company maintained full-year outlook for revenue growth and EBIT margin

Outlook
B&O maintains FY 2026/27 outlook: revenue growth in local currencies of 1% to 5%
Company expects FY 2026/27 EBIT margin before special items of 1% to 3%
B&O sees FY 2026/27 free cash flow of DKK 25m to DKK 100m

Result Drivers
BRANDED CHANNELS - Revenue in branded channels grew by 9.9% in local currencies, supporting overall group revenue growth
PRODUCT CATEGORY MIX - Staged category revenue grew by 9% and Flexible Living category by 16%, reflecting increased sales in branded channels
DECLINE IN ETAIL SALES - On-the-go category revenue fell 19%, reflecting lower sales in the etail channel

Company press release: ID:nGNE7mPVp3

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
DKK 530 mln
 
Q1 Gross Margin
 
59.40%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the household electronics peer group is "buy"
Wall Street's median 12-month price target for Bang & Olufsen A/S is DKK10.00, about 3.8% below its September 28 closing price of DKK10.40

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)