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MarketScreener Homepage  >  Equities  >  Nasdaq Copenhagen  >  Bang & Olufsen a/s    BO   DK0010218429

BANG & OLUFSEN A/S

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Bang & Olufsen a/s : & Olufsen's quarterly sales up 14%, keeps guidance

04/08/2021 | 03:10am EDT
FILE PHOTO: Bang & Olufsen's sign is seen at their flagship store in Copenhagen

COPENHAGEN (Reuters) - Bang & Olufsen on Thursday maintained its full year guidance after posting double-digit sales growth for a third quarter in a row helped by marketing initiatives and higher demand for home entertainment.

The Danish luxury TV and stereo maker still expects full-year revenue of 2.3-2.5 billion Danish crowns ($367 million-$399 million).

It expects earnings before interest, taxes and special items (EBIT) of between minus 50 million crowns and plus 25 million crowns.

The company posted a 14% sales rise in its third quarter ending in February driven by marketing initiatives and higher demand.

"The progress we made in the quarter confirms that our strategy is working," CEO Kristian Teär said in a statement.

"The cost reduction programme progressed as planned, core markets grew across all key channels, and we continued to strengthen our digital focus, which enabled us to more than double our online revenue and enhance the consumer experience," he said.

($1 = 6.2637 Danish crowns)

(Reporting by Tim Barsoe; editing by David Goodman and Jason Neely)


Reuters 2021
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Financials
Sales 2021 2 447 M 391 M 391 M
Net income 2021 -31,1 M -4,97 M -4,97 M
Net cash 2021 460 M 73,5 M 73,5 M
P/E ratio 2021 -109x
Yield 2021 -
Capitalization 2 065 M 330 M 330 M
EV / Sales 2021 0,66x
EV / Sales 2022 0,51x
Nbr of Employees 899
Free-Float 78,0%
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Technical analysis trends BANG & OLUFSEN A/S
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 2
Average target price 41,50 DKK
Last Close Price 34,84 DKK
Spread / Highest target 20,6%
Spread / Average Target 19,1%
Spread / Lowest Target 17,7%
EPS Revisions
Managers and Directors
NameTitle
Kristian Tear Chief Executive Officer
Nikolaj Wendelboe Chief Financial Officer & Executive VP
Juha Christen Christensen Chairman
Jesper Jarlbk Independent Director
Mads Nipper Independent Director
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