Interim report for Q3 2023/24

B&O’s strong gross margin performance contributed to positive earnings in Q3 despite lower revenue - Seite 3

With reference to company announcement no 23.10 on 17 March 2024, the company adjusted the revenue outlook for the financial year 2023/24. In addition, the ranges for EBIT margin before special items and free cash flow were narrowed. The current outlook is as follows:

Revenue growth (in local currencies):	-8% to- 5%
EBIT margin before special items:	0% to 2%
Free cash flow (DKK):	-50m to 10m

The outlook is subject to uncertainty related to consumer sentiment. In addition, geopolitical uncertainty has increased. The pace of the economic recovery in China is also subject to uncertainty.

Please see Interim report 9M 2023/24 for further details on outlook and assumptions.

Conference call for analysts and investors
The company will host a webcast on 10 April 2024 at 10:00 CEST, where the financial development for Q3 2023/24 will be presented.

The webcast can be accessed at https://bangolufsen.eventcdn.net/events/interim-report-q3

Dial-in details for participants in the Q&A:
DK: [phone]
UK: [phone]
US: [phone]
Pincode: 193621

For further information, please contact:

Cristina Rønde Hefting
Investor Relations
Phone: [phone]

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

 

Attachments

• BO_2311_Interim report Q3 2023-24_UK
• Interim report 9M 2023-24