Bang & Olufsen AS (STU:BUOB)
€ 1.198 -0.004 (-0.33%) Market Cap: 146.83 Mil Enterprise Value: 155.81 Mil PE Ratio: 0 PB Ratio: 1.16 GF Score: 69/100

Q4 2023 Bang & Olufsen A/S Earnings Call Transcript

Jul 06, 2023 / 08:00AM GMT
Release Date Price: €1.37 (-5.65%)
Operator

Welcome to the Bang & Olufsen a/s interim report for the third quarter of 2022/'23. (Operator Instructions) This call is being recorded.

Today, I'm pleased to present CEO, Kristian Tear; and CFO, Nikolaj Wendelboe. Speakers, please begin.

Kristian Tear;s;CEO;Member of the Executive Board
Bang & Olufsen a

/-&

Hello, everyone, and thank you for joining the call. As you heard with me today is our CFO, Nikolaj Wendelboe. I will begin with the financial highlights of our full year followed by an update on how we are progressing on our strategic priorities. Nikolaj will take us through the financials in more detail for the fourth quarter and I will conclude the presentation part before opening up for questions.

So move to Slide 5, please. This was a challenging year marked by macroeconomic headwinds and the COVID-19 situation in China. This impacted our financial performance and contributed to a revenue decline for the full year of 6.6% in reported currencies or 8% in local currencies,

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot