Last kr40.80 DKK
Change Today +4.30 / 11.78%
Volume 778.3K
BO On Other Exchanges
Symbol
Exchange
Copenhagen
OTC US
Frankfurt
OTC US
As of 11:02 AM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

bang & olufsen a/s (BO) Snapshot

Open
kr38.50
Previous Close
kr36.50
Day High
kr42.00
Day Low
kr38.00
52 Week High
06/23/14 - kr74.00
52 Week Low
01/16/15 - kr30.20
Market Cap
1.8B
Average Volume 10 Days
346.0K
EPS TTM
kr-3.98
Shares Outstanding
43.2M
EX-Date
09/26/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BANG & OLUFSEN A/S (BO)

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bang & olufsen a/s (BO) Details

Bang & Olufsen a/s designs, develops, and markets a range of luxury audio and video products. Its products include televisions, music systems, loudspeakers, telephones, and multimedia products. The company’s Business-to-Consumer segment offers audio and video products under the Bang & Olufsen brand name in approximately 700 stores. This segment also provides portable audio and video products under the brand name of B&O PLAY distributed through Bang & Olufsen’s dedicated stores, as well as through third party retailers and online. Its Business to Business segment develops, produces, and sells sound systems for high-end cars, as well as compact digital amplifier units. The company operates in Europe, North America, Brazil, Russia, India, Mainland China, Hong Kong, Korea, Taiwan, and rest of world. Bang & Olufsen a/s was founded in 1925 and is based in Struer, Denmark.

2,340 Employees
Last Reported Date: 01/20/15
Founded in 1925

bang & olufsen a/s (BO) Top Compensated Officers

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Executives, Board Directors

bang & olufsen a/s (BO) Key Developments

Bang & Olufsen a/s Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2014; Revises Earnings Guidance for the Second Half of Financial Year 2014-2015

Bang & Olufsen a/s announced unaudited consolidated earnings results for the second quarter and six months ended November 30, 2014. For the quarter, the company reported revenue of DKK 759.0 million against DKK 822.0 million a year ago. Loss before interest and tax was (LBIT) was DKK 95.1 million against earnings before interest and tax of DKK 30.7 million a year ago. Loss before tax was DKK 92.0 million against earnings before tax of DKK 16.7 million a year ago. Loss for the period was DKK 71.8 million against earnings of DKK 7.9 million a year ago. Diluted loss per share and diluted loss per share from continuing operations was DKK 1.7 against diluted earnings per share and diluted earnings per share from continuing operations of DKK 0.2 a year ago. Cash flows from operating activities were as DKK 39.4 million against DKK 3.0 million a year ago. Purchase of tangible non-current assets was DKK 26.6 million against DKK 23.1 million a year ago. Purchase of intangible non-current assets was DKK 60.7 million against DKK 85.5 million a year ago. Negative return on equity was 4.4% against return on equity of 0.5% a year ago. For the six months, the company reported revenue of DKK 1,330.4 million against DKK 1,388.4 million a year ago. Loss before interest and tax was (LBIT) was DKK 224.3 million against DKK 33.6 million a year ago. Loss before tax was DKK 223.6 million against DKK 50.8 million a year ago. Loss for the period was DKK 181.2 million against DKK 45.0 million a year ago. Diluted loss per share and diluted loss per share from continuing operations was DKK 4.4 against DKK 1.1 a year ago. Cash flows used in operating activities were DKK 125.4 million against cash flows from operating activities of DKK 32.3 million a year ago. Purchase of tangible non-current assets was DKK 50.9 million against DKK 52.1 million a year ago. Purchase of intangible non-current assets was DKK 114.5 million against DKK 155.2 million a year ago. Negative return on equity was 11.1% against 2.7% a year ago. Net interest-bearing debt as on November 30, 2014 was DKK 405 million against DKK 395 million as on November 30, 2013. The company revised earnings guidance for the second half of financial year 2014/15. For the period, the company’s growth is expected to be driven by the B2C business, where B&OPlAY in particular is expected to show double digit growth for the year driven by new product launches as well as an expansion of the third party distribution. The automotive business is expected to show a stable year over year development in the second half of the financial year. However, revenue is not expected to catch up on the decline in the first half of the financial year. Therefore automotive revenue is expected to show a single digit decline in 2014/15 compared to the last year. The guidance for earnings before interest and tax is revised from the expectations of an improving EBIT margin to a negative EBIT margin for the year. EBIT in the second half of the financial year is expected to be positive, however not sufficient to compensate for the shortfall in the first half of the financial year. Free cash flow in the second half of financial year is expected to be in the range of DKK 50 million to DKK 100 million through a combination of earnings and reduction in net working capital.

Bang & Olufsen Open To Takeover Approaches

Bang & Olufsen a/s (CPSE:BO) said that it is prepared to consider any takeover approaches after lowering down its profit guidance. "If someone knocks on our door, we will of course listen to what they have to say," Ole Andersen, Chairman of Bang told Reuters. Further, Ole added that they will consider bigger Asian players who possess size and cost advantages.

Bang & Olufsen a/s Revises Earnings Guidance for the Second Quarter of 2014 and Second Half of 2015

Bang & Olufsen a/s revised earnings guidance for the second quarter of 2014 and second half of 2015. For the quarter, the company expects earnings before interest and tax is revised from the expectation of an improving EBIT margin to a negative EBIT margin for the year. Revenue is expected to decline by approximately 8% compared to the same quarter last year. Free cash flow was negative DKK 40 million in the quarter compared to negative DKK 52 million last year. For the second half, the company expects EBIT is to be positive, however not sufficient to compensate for the short fall in the first half of the financial year. Free cash flow is expected to be in the range of DKK 50 million to DKK 100 million through a combination of earnings and reduction in net working capital.

 

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