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

Q3 2024 Bang & Olufsen A/S Earnings Call Transcript

Apr 10, 2024 / 08:00AM GMT
Release Date Price: €1.21 (-0.17%)
Operator

Hello, everyone, and welcome to this interim report for the third quarter 2023-24. For the first part of this call, all participants will be in a listen only mode. Afterwards, there will be a question and answer session. (Operator Instructions). This call is being recorded.

I will now hand the call over to CEO, Kristian Tear.

Kristian Tear;S;Chief Executive Officer
Bang & Olufsen A;Member of the Management Board

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Hello, everyone, and thank you for joining the call. With me today, as always is our CFO, Nikolaj Wendelboe. Together, we will go through the numbers and highlights from our Q3 interim report, and we will give an update on how we are progressing with our strategic transition. After our presentation, we will open up for questions.

Please move to slide 4. We are pleased to once again deliver profit and a record high gross margin for the quarter. This is an outcome of our strategic focus to improve the customer experience in our branded channels, strengthen our luxury positioning and to

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