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As of 1:46 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

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06/24/14 - €9.72
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bang & olufsen a/s (BUOB) Details

Bang & Olufsen a/s designs, develops, and markets a range of luxury audio and video products. Its products include televisions, music systems, loudspeakers, telephones, and multimedia products. The company’s Business to Consumer segment offers audio and video products under the Bang & Olufsen brand name in approximately 800 dedicated stores. This segment also offers audio and visual equipment for the digital generation under the brand name of B&O PLAY. Its Business to Business segment develops, produces, and sells sound systems for high-end cars, as well as compact digital amplifier units. The company operates in Europe, North America, Brazil, Russia, India, China, Taiwan, Hong Kong, Korea, and rest of world. Bang & Olufsen a/s was founded in 1925 and is based in Struer, Denmark.

2,139 Employees
Last Reported Date: 04/11/14
Founded in 1925

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bang & olufsen a/s (BUOB) Key Developments

Bang & Olufsen A/S Appoints Stefan Persson as Chief Operating Officer, Effective October 1, 2014

Bang & Olufsen has appointed Stefan Persson (47) as new Chief Operating Officer (COO). He will join Bang & Olufsen’s Executive Management Board together with CEO Tue Mantoni and CFO Anders Aakær Jensen who joins Bang & Olufsen on August 15, 2014. Stefan Persson joins from a position as VP Head of Development EU and Head of BU Companion at Sony Mobile Communications. Stefan Persson has more than 16 years’ experience from various product management and product development roles in Ericsson, Sony Ericsson and latest Sony Mobile Communications. He has managed product development in China, Sweden, USA and Japan as well as been responsible for Sony Mobile Communications’ mobile accessories business. In his role as COO at Bang & Olufsen, Stefan Persson will be responsible for Product Management, Research & Development, Production and Supply Chain Management. Stefan Persson will take up the position no later than October 1, 2014.

Bang & Olufsen A/S Announces Revenue Results for the Fourth Quarter and Full Year Ended May 31, 2014; Reiterates Earnings Guidance for the Full Year Ended May 31, 2014

Bang & Olufsen a/s announced revenue results for the fourth quarter and full year ended May 31, 2014. For the quarter, the company reported revenue was DKK 801 million, corresponding to a growth of 8.2% compared to the same quarter in the fiscal year 2013. For the year, the total revenue was DKK 2,864 million compared to DKK 2,814 million in the fiscal year 2013, corresponding to a growth of 1.8%. The company reiterated earnings guidance for the full year ended May 31, 2014. For the full year, an EBIT around break-even is therefore expected, which is in line with the company's previous guidance. Gross margin for the full year is expected to be significantly above last year’s gross margin.

Bang & Olufsen Holding A/S, Q4 2014 Earnings Call, Jun 19, 2014

Bang & Olufsen Holding A/S, Q4 2014 Earnings Call, Jun 19, 2014


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