Luxury TV and stereo maker B&O reports 14% fall in Q3 revenue

Bang & Olufsen A/S

02/04/2020 07:58

COPENHAGEN, April 2 (Reuters) - Struggling Danish TV and
stereo maker Bang & Olufsen  BO.CO  reported a third quarter
revenue fall of 14% to 613 million Danish crowns ($90 million)
on Thursday following five profit warnings in just over a year. 
    Bang & Olufsen, whose most exclusive speakers cost up to
$80,000, reported a loss in earnings before tax and interest
(EBIT) of 1 million crowns versus a profit of 30 million a year
earlier.
    ($1 = 6.8158 Danish crowns)

 (Reporting by Andreas Mortensen; editing by Jason Neely)
 ((andreas.mortensen@thomsonreuters.com; +45 33 96 96 75;))