Bang & Olufsen provided earnings guidance for the fiscal year 2023. For the period, the company expects revenue growth (in local currencies) to be in the range between negative 4% to positive 5% and EBIT margin before special items: to be in the range between negative 2% to positive 3%. The outlook for fiscal year 2023 is subject to unusually high uncertainty related to consumer confidence due to high inflation, rising interest rates and the war in Ukraine, which, in combination, have increased the risk of recession.

Furthermore, there is higher geopolitical uncertainty and risk related to current and potential future regional COVID-19 related lockdowns, especially in China.