ARCHIVED FORUM -- March 2012 to February 2022READ ONLY FORUM
This is the second Archived Forum which was active between 1st March 2012 and 23rd February 2022
http://www.rtlnieuws.nl/economie/home/bang-olufsen-somber-over-resultaat
Blackrix: http://www.rtlnieuws.nl/economie/home/bang-olufsen-somber-over-resultaat
Via google ...
The Danish manufacturer of luxury Bang & Olufsen audio and video equipment to achieve a negative expected operating earnings in the current fiscal year, because of production delays and broken disturbances in the distribution network. That left the company Monday know.
Previously the company still was counting on an improvement in the operating profit. The delays in the marketing of new products led to a negative profit margin according to the company. Bang & Olufsen said further for quarterly sales decline by 8 percent to expect in comparison with a year earlier. For the full year is still counted on a higher turnover.
Investors reacted shocked on the profit warning. The share went Monday morning at the fair in Copenhagen with almost 9 percent down.
BeoNut since '75
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Regards Keith....