We have announced our full-year numbers and we are pleased to report that we delivered an all-time high gross margin and the best EBIT margin before special items in six years, despite a decline in revenue. We have built a stronger company and financial foundation and we can see that our strategy is working. As such, we want to accelerate our strategy execution and have presented a plan to do so while also setting medium-term growth targets. To achieve these targets and realise our mid-term plan, we require investments and we are looking to get a capital increase of up to 20% of our share capital approved at our Annual General Meeting in August. Our CEO Kristian Teär, B&O, said the following about our financial performance and plans for the future: “We have made good progress with our strategy despite a challenging market environment. We’ve delivered a historic high gross margin, and our EBIT margin is the best in over half a decade. We want to build on that momentum and further accelerate our strategic execution to capture the market potential we see. With the planned investments, we will be able to realise Bang & Olufsen's growth potential and solidify our position as the world's leading luxury audio brand.” Read our full annual report here: https://lnkd.in/d26CrZBY
Marc Bower
2w
It must be hard to sell consumer electronic products in current times when the use of 'physical media' is on the decline, (or almost extinct) although it is true that people seem to be falling in love with records, tapes and cds again, if only you could bring out a media player once more that can connect to mozart speakers like Balance, i have a Beoconnect core, its a good streamer, but you cant beat the experience of holding something and playing it like a record
Taco Joustra
6d
Hi, can somebody please help me? i bought an Explore on June 20th and when it arrived it did not charge. I contacted your company and you organized a pick up and it went to Germany. I am in Holland. The device was checked and confirmed that it was defect and on July 11th I received an email saying that transport arrangements were made with UPS, tracking number 1Z609R206894062904. Today is July 17th and the device still has not departed with UPS and nobody of your customer support is giving me an update with information telling me when I will receive my Explore. i hope you can. Kind regards, Taco Joustra PS The number I wrote at the serial number is not the serial number but the support request number
Congratulations! I still have my BeoSystem 7000 incl Glasspanel from 1992, it works perfectly.
I’ve always loved this brand, from the time I was a kid in New York to now living in DK 🇩🇰. Going to drive by your office next week while on vacay in Jutland 🫡
the winning strategy is tangible, let's go on with this unique luxury timeless tech company 😉
Well done, B&O! It's nice that B&O has finally managed to turn red numbers to black at the bottom. To honor the brand, I hope grand investors will put (some of) their money into B&O to make it grow. I believe the previous (Tue Mantoni, for one) and present management (Kristian Teär) have earned the right to get the investor's attention. I guess the keyword for future growth is marketing. Good luck to B&O!
#Congratulations! Great to see the results of your transformation-project and really good to see, that the iconic brand is well positioned again!
You’d probably sell more TVs if the wall brackets were designed to make use of the old wall bracket holes.
Chairman, board of directors, int'l business development
2wThis is SO deserved, full respect for maneuvering the old lady safely through headwind and high waves. Well done, keep it up.