Bang & Olufsen increased its revenues by 13% in June - August quarter  

2004.10.11
The Danish electronics group has published its interim report for 1 June – 31 August which shows a 13% increase in revenues to DKK 726 mn

Danish electronics group Bang & Olufsen has published its interim report for 1 June – 31 August which shows a 13% increase in revenues to DKK 726 mn (USD 123.4 mn) compared to the same period in 2003. Profit before tax was DKK 10 mn (USD 1.7 mn), an improvement of DKK 46 mn (USD 7.8 mn). The progress exceeded analysts expectations and B&O's share price on the Copenhagen Stock Exchange immediately jumped 2.5% on the news.

 

The introduction of a new 50 inch plasma television, BeoVision 4, is one of the reasons for the positive result. In the current quarter, a 26 inch LCD flat screen, BeoVision 6, will be launched. Bang & Olufsen maintains its expectations for profits before tax for the whole year at DKK 360-390 mn (USD 61.2 – 66.3 mn). The news is reported by IT newspaper ComOn online.

 

Link > Bang & Olufsen 

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