Bang & Olufsen interim report for Q1 2023/24

Significantly improved gross margin contributed to profitable growth in Q1 for Bang & Olufsen - Seite 3

The company maintains its outlook, which is as follows:

Revenue growth (in local currencies):	0% to 9%
EBIT margin before special items:	0% to 6%
Free cash flow (DKKm):	-50 to 100

The outlook for 2023/24 is subject to uncertainty related to consumer sentiment from the effects of a high inflationary environment, rising interest rates, the war in Ukraine, and the recovery of the Chinese economy.
Conference call for analysts and investors
The company will host a webcast on 11 October 2023 at 10:00 CEST, where the financial development for Q1 2023/24 will be presented.

The webcast can be accessed at https://bangolufsen.eventcdn.net/events/interim-report-q1-202324
Dial-in details for participants in the Q&A:
DK: [phone]
UK: [phone]
US: [phone]
PIN for all dial-ins: 193621

For further information, please contact:

Cristina Rønde Hefting
Investor Relations
Phone: [phone]

Jens Bjørnkjær Gamborg
Global Sustainability and Communication
Phone: [phone]

Attachments

• BO_2308_Interim report 2023_24_UK
• Interim report Q1 2023-24