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
https://www.euroinvestor.dk/nyheder/2017/07/12/bang-olufsen-a-s-group-annual-report-2016-17-and-interim-report-4th-quarter-2016-17/13637471
http://www.bang-olufsen.com/da/corporate/investors/presentations-webcasts?_id=6B69BFF80D1A4437A3A3813E225FCED7&_z=z
MM
There is a tv - and there is a BV
Thanks for the link MM. It's a decent set of results. Turnover and earnings improved although earnings are still slightly negative.
Some key points for those not inclined to read the whole document (I would encourage anyone interested in B&O to read the 2 1/2 page letter to shareholders at the front):
Overall turnover was up 12%. (Play turnover up 27%, core B&O turnover up 3%.)
Play now represents 42% of the overall business.
Speaker revenues have fallen to 385DKK million from 500DKK million. I was surprised by this but it seems that the BS1 and BS2 which are included in the "music systems" category have at least in part offset this decline.
TV revenues (which still represent 29% of the total business) are up slightly on the previous year in absolute terms.
Looking forwards, growth expectations are at least10% per annum increase in sales with 12% profit before interest and tax over the next three years. That would be pretty good.
BeoNut since '75
Peter Pan is very fond of 'red blood' when it comes to Bang & Olufsen of today.