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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Bang & Olufsen a/s    BO   DK0010218429

BANG & OLUFSEN A/S

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Bang & Olufsen a/s : Danish luxury TV and stereo maker B&O reports second-quarter loss

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01/14/2020 | 02:29am EST
Bang & Olufsen's sign is seen at their flagship store in Copenhagen

Struggling Danish luxury TV and stereo maker Bang & Olufsen reported a second-quarter operating loss on Tuesday on the back of a 31% drop in sales.

The Danish company, whose new range of televisions can sell for up to 138,500 Danish crowns (15,870.39 pounds), reported negative earnings before interest and tax (EBIT) of 77 million crowns, down from a 90 million crown profit in the same period last year.

In December last year, B&O cut its revenue and margin outlook in response to fierce competition and weak sales, marking the fourth profit warning in a year for the maker of high-end TVs, headphones and speakers.

(Reporting by Andreas Mortensen)

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Financials (DKK)
Sales 2020 2 427 M
EBIT 2020 -184 M
Net income 2020 -156 M
Finance 2020 169 M
Yield 2020 -
P/E ratio 2020 -11,6x
P/E ratio 2021 21,5x
EV / Sales2020 0,67x
EV / Sales2021 0,53x
Capitalization 1 798 M
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Technical analysis trends BANG & OLUFSEN A/S
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Mean consensus BUY
Number of Analysts 1
Average target price 50,00  DKK
Last Close Price 44,02  DKK
Spread / Highest target 13,6%
Spread / Average Target 13,6%
Spread / Lowest Target 13,6%
EPS Revisions
Managers
NameTitle
Kristian Tear President & Chief Executive Officer
Ole Gjessø Andersen Chairman
Nikolaj Wendelboe Chief Financial Officer & Executive VP
Jesper Jarlbæk Independent Director
Mads Nipper Independent Director
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