Bang & Olufsen a/s Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2022
January 11, 2023 at 02:04 am EST
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Bang & Olufsen a/s reported earnings results for the second quarter and six months ended November 30, 2022. For the second quarter, the company reported sales was DKK 859 million compared to DKK 809 million a year ago. Net income was DKK 3 million compared to DKK 10 million a year ago.
For the six months, sales was DKK 1,471 million compared to DKK 1,475 million a year ago. Net loss was DKK 97 million compared to net income of DKK 11 million a year ago. Basic loss per share from continuing operations was DKK 0.8 compared to basic earnings per share from continuing operations of DKK 0.1 a year ago. Diluted loss per share from continuing operations was DKK 0.8 compared to diluted earnings per share from continuing operations of DKK 0.1 a year ago.
Bang & Olufsen A/S is a Denmark-based company engaged in the design, development and marketing of audio and video equipment. The Company supplies primarily music systems, loudspeakers, television sets and multimedia products. Its activities are divided into two business areas: Business-to-Consumer (B2C) and Business-to-Business (B2B). The B2C area includes two segments: audiovisual (AV), offering audio and video products sold under the Bang & Olufsen brand; and B&O PLAY, which delivers stand-alone, portable products. The B2B business area also consists of Automotive segment, which comprises development, production and sale of sound systems for a range of cars, such as Aston Martin, Audi, BMW and Mercedes-Benz. Furthermore, the Company is parent of Bang & Olufsen Group, which operates worldwide.
BANG & OLUFSEN A/S 
