Bang & Olufsen a/s Reports Earnings Results for the Third Quarter and Nine Months Ended February 29, 2024
April 10, 2024 at 02:01 am EDT
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Bang & Olufsen a/s reported earnings results for the third quarter and nine months ended February 29, 2024. For the third quarter, the company reported sales was DKK 614 million compared to DKK 635 million a year ago. Net income was DKK 3 million compared to net loss of DKK 55 million a year ago.
For the nine months, sales was DKK 1,933 million compared to DKK 2,106 million a year ago. Net income was DKK 18 million compared to net loss of DKK 152 million a year ago. Basic earnings per share from continuing operations was DKK 0.1 compared to basic loss per share from continuing operations of DKK 1.2 a year ago. Diluted earnings per share from continuing operations was DKK 0.1 compared to diluted loss per share from continuing operations of DKK 1.2 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 
