Denmark's Bang & Olufsen Q2 revenue down 3.2%, dragged by timing of product launch

Bang & Olufsen A/S

14/01/2026 07:11

Overview

Denmark audio electronics firm's Q2 revenue fell 1.2% in local currencies

Q2 revenue declined by 3.2% year-on-year

Branded channels' revenue grew 5.4% in local currencies

Gross margin rose to 57.9% from 53.7% last year

Outlook

B&O narrows FY 2025/26 revenue growth forecast to 1%-5% in local currencies

Company maintains FY 2025/26 EBIT margin guidance at -3% to 1%

B&O revises FY 2025/26 free cash flow outlook to DKK -100m to -50m

Result Drivers

PRODUCT LAUNCH TIMING - Revenue decline attributed to timing of Beo Grace earpieces and Beosound Premiere soundbar launches, per interim CEO Nikolaj Wendelboe

BRANDED CHANNEL GROWTH - Branded channels reported 5.4% revenue growth in local currencies

GROSS MARGIN INCREASE - Gross margin rose to 57.9% from 53.7% last year, driven by product sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EBIT
-DKK 36 mln


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 DKK15.00, about 21.2% above its January 13 closing price of DKK12.38

The stock recently traded at 59 times the next 12-month earnings vs. a P/E of 191 three months ago

Press Release: ID:nGNE5W29b7

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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.)