Bang & Olufsen Logo

Bang & Olufsen

ISIN: DK0010218429 | Ticker: BO | LEI: 52990018KGR3ILFDNJ20
Country: Denmark

About Bang & Olufsen

Company Description

Bang & Olufsen is a global luxury-lifestyle brand founded in 1925 in Struer, Denmark by Peter Bang and Svend Olufsen whose devotion and vision remains the foundation for the company. The rich heritage built around the relentless determination to create products that push the boundaries of audio technology continues to place the company at the forefront of audio innovation.

Today, every Bang & Olufsen product is still characterised by the unique combination of beautiful sound, timeless design, and unrivalled craftsmanship. The company’s innovative and progressive audio products are sold worldwide in Bang & Olufsen monobranded stores, online and in multibranded stores. The company employs over 1,000 people and operates in more than 70 markets and Bang & Olufsen’s shares are listed on NASDAQ Copenhagen A/S.

Year founded

1925

Served area

Worldwide

Headcount

1,000

Headquarters

Bremdalvej 8, 7600 Struer – Denmark

Financial statements

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Line item in (dkk) 01.06.2020 01.06.2021 01.09.2021 01.12.2021 01.03.2022 01.06.2022 01.09.2022 01.12.2022 01.03.2023 01.06.2023 01.09.2023 01.12.2023
Assets N/A 2,276,000,000.00 2,332,000,000.00 2,503,000,000.00 2,540,000.00 2,518,000.00 2,476,000,000.00 2,544,000,000.00 2,325,000.00 2,385,000,000.00 N/A 2,279,000,000.00
Noncurrent Assets N/A 679,000,000.00 658,000,000.00 678,000,000.00 731,000,000.00 761,000,000.00 769,000,000.00 785,000,000.00 770,000,000.00 832,000,000.00 N/A 825,000,000.00
Property Plant And Equipment N/A 180,000,000.00 169,000,000.00 194,000,000.00 207,000,000.00 215,000,000.00 213,000,000.00 215,000,000.00 214,000,000.00 215,000,000.00 N/A 219,000,000.00
Goodwill N/A 41,000,000.00 41,000,000.00 41,000,000.00 41,000,000.00 42,000,000.00 42,000,000.00 42,000,000.00 42,000,000.00 42,000,000.00 N/A 42,000,000.00
Intangible Assets Under Development N/A 76,000,000.00 40,000,000.00 65,000,000.00 96,000,000.00 138,000,000.00 137,000,000.00 87,000,000.00 86,000,000.00 124,000,000.00 N/A 104,000,000.00
Other Noncurrent Receivables N/A 24,000,000.00 25,000,000.00 24,000,000.00 24,000,000.00 27,000,000.00 24,000,000.00 22,000,000.00 22,000,000.00 23,000,000.00 N/A 22,000,000.00
Deferred Tax Assets N/A 87,000,000.00 90,000,000.00 87,000,000.00 106,000,000.00 77,000,000.00 85,000,000.00 89,000,000.00 89,000,000.00 99,000,000.00 N/A 100,000,000.00
Current Assets N/A 1,597,000,000.00 1,674,000,000.00 1,825,000,000.00 1,809,000.00 1,757,000.00 1,707,000,000.00 1,759,000,000.00 1,555,000.00 1,553,000,000.00 N/A 1,454,000,000.00
Inventories N/A 369,000,000.00 453,000,000.00 537,000,000.00 547,000,000.00 629,000,000.00 624,000,000.00 568,000,000.00 499,000,000.00 499,000,000.00 N/A 460,000,000.00
Current Trade Receivables N/A 438,000,000.00 405,000,000.00 486,000,000.00 462,000,000.00 397,000,000.00 396,000,000.00 445,000,000.00 327,000,000.00 341,000,000.00 N/A 365,000,000.00
Current Prepayments N/A 32,000,000.00 35,000,000.00 27,000,000.00 31,000,000.00 28,000,000.00 36,000,000.00 38,000,000.00 24,000,000.00 24,000,000.00 N/A 26,000,000.00
Other Current Receivables N/A 92,000,000.00 90,000,000.00 98,000,000.00 82,000,000.00 89,000,000.00 87,000,000.00 91,000,000.00 70,000,000.00 68,000,000.00 N/A 47,000,000.00
Current Tax Assets Current N/A 32,000,000.00 32,000,000.00 33,000,000.00 36,000,000.00 37,000,000.00 32,000,000.00 27,000,000.00 27,000,000.00 11,000,000.00 N/A 11,000,000.00
Cash and cash equivalents 215,000,000.00 178,000,000.00 201,000,000.00 214,000,000.00 225,000,000.00 162,000,000.00 125,000,000.00 189,000,000.00 212,000,000.00 216,000,000.00 141,000,000.00 154,000,000.00
Cash N/A 178,000,000.00 201,000,000.00 214,000,000.00 225,000,000.00 162,000,000.00 125,000,000.00 189,000,000.00 212,000,000.00 216,000,000.00 N/A 154,000,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale N/A 21,000,000.00 21,000,000.00 N/A N/A 0.00 0.00 N/A N/A N/A N/A N/A
Equity And Liabilities N/A 2,276,000,000.00 2,332,000,000.00 2,503,000,000.00 2,540,000,000.00 2,518,000,000.00 2,476,000,000.00 2,544,000,000.00 2,325,000,000.00 2,385,000,000.00 N/A 2,279,000,000.00
Equity 832,000,000.00 1,133,000,000.00 1,143,000,000.00 1,127,000,000.00 1,119,000,000.00 1,100,000,000.00 1,012,000,000.00 1,012,000,000.00 955,000,000.00 958,000,000.00 N/A 983,000,000.00
Issued Capital N/A 613,000,000.00 613,000,000.00 613,000,000.00 613,000,000.00 613,000,000.00 613,000,000.00 613,000,000.00 613,000,000.00 613,000,000.00 N/A 613,000,000.00
Retained Earnings N/A 514,000,000.00 520,000,000.00 498,000,000.00 485,000,000.00 460,000,000.00 367,000,000.00 373,000,000.00 320,000,000.00 329,000,000.00 N/A 354,000,000.00
Liabilities N/A 1,143,000,000.00 1,189,000,000.00 1,376,000,000.00 1,421,000,000.00 1,418,000,000.00 1,464,000,000.00 1,532,000,000.00 1,370,000,000.00 1,427,000,000.00 N/A 1,296,000,000.00
Noncurrent Liabilities N/A 254,000,000.00 245,000,000.00 242,000,000.00 239,000,000.00 233,000,000.00 219,000,000.00 210,000,000.00 200,000,000.00 225,000,000.00 N/A 205,000,000.00
Noncurrent Provisions N/A 39,000,000.00 39,000,000.00 40,000,000.00 38,000,000.00 41,000,000.00 38,000,000.00 37,000,000.00 36,000,000.00 40,000,000.00 N/A 38,000,000.00
Deferred Tax Liabilities N/A 7,000,000.00 7,000,000.00 7,000,000.00 7,000,000.00 6,000,000.00 6,000,000.00 6,000,000.00 6,000,000.00 6,000,000.00 N/A 6,000,000.00
Noncurrent Recognised Liabilities Defined Benefit Plan N/A 14,000,000.00 13,000,000.00 13,000,000.00 13,000,000.00 12,000,000.00 12,000,000.00 12,000,000.00 12,000,000.00 11,000,000.00 N/A 10,000,000.00
Other Noncurrent Liabilities N/A 16,000,000.00 15,000,000.00 18,000,000.00 20,000,000.00 21,000,000.00 21,000,000.00 9,000,000.00 7,000,000.00 3,000,000.00 N/A 3,000,000.00
Current Liabilities N/A 889,000,000.00 944,000,000.00 1,134,000,000.00 1,182,000,000.00 1,185,000,000.00 1,245,000,000.00 1,322,000,000.00 1,170,000,000.00 1,202,000,000.00 N/A 1,091,000,000.00
Current Provisions N/A 49,000,000.00 47,000,000.00 54,000,000.00 55,000,000.00 56,000,000.00 54,000,000.00 54,000,000.00 64,000,000.00 60,000,000.00 N/A 49,000,000.00
Trade And Other Current Payables To Trade Suppliers N/A 502,000,000.00 633,000,000.00 722,000,000.00 702,000,000.00 581,000,000.00 632,000,000.00 648,000,000.00 506,000,000.00 565,000,000.00 N/A 451,000,000.00
Current Tax Liabilities Current N/A 31,000,000.00 26,000,000.00 25,000,000.00 36,000,000.00 17,000,000.00 21,000,000.00 27,000,000.00 25,000,000.00 8,000,000.00 N/A 1,000,000.00
Other Current Liabilities N/A 259,000,000.00 178,000,000.00 193,000,000.00 217,000,000.00 212,000,000.00 170,000,000.00 152,000,000.00 140,000,000.00 143,000,000.00 N/A 160,000,000.00
Line item in (dkk) 01.06.2020/
01.06.2021
01.06.2021/
01.09.2021
01.06.2021/
01.12.2021
01.06.2021/
01.03.2022
01.06.2021/
01.06.2022
01.09.2021/
01.12.2021
01.12.2021/
01.03.2022
01.06.2022/
01.09.2022
01.06.2022/
01.12.2022
01.06.2022/
01.03.2023
01.06.2022/
01.06.2023
01.09.2022/
01.12.2022
01.12.2022/
01.03.2023
01.06.2023/
01.12.2023
01.09.2023/
01.12.2023
Revenue 2,629,000,000.00 666,000,000.00 1,475,000,000.00 2,250,000,000.00 2,948,000,000.00 809,000,000.00 775,000,000.00 612,000,000.00 1,471,000,000.00 2,106,000,000.00 2,752,000,000.00 859,000,000.00 635,000,000.00 1,319,000,000.00 700,000,000.00
Profit Loss From Operating Activities 19,000,000.00 7,000,000.00 34,000,000.00 35,000,000.00 46,000,000.00 27,000,000.00 1,000,000.00 -85,000,000.00 -72,000,000.00 -130,000,000.00 -124,000,000.00 13,000,000.00 -58,000,000.00 33,000,000.00 17,000,000.00
Finance Income 6,000,000.00 2,000,000.00 5,000,000.00 8,000,000.00 11,000,000.00 3,000,000.00 3,000,000.00 4,000,000.00 8,000,000.00 16,000,000.00 28,000,000.00 4,000,000.00 8,000,000.00 23,000,000.00 11,000,000.00
Finance Costs 58,000,000.00 7,000,000.00 20,000,000.00 41,000,000.00 65,000,000.00 13,000,000.00 21,000,000.00 22,000,000.00 37,000,000.00 42,000,000.00 56,000,000.00 15,000,000.00 5,000,000.00 40,000,000.00 23,000,000.00
Profit Loss Before Tax -33,000,000.00 2,000,000.00 19,000,000.00 2,000,000.00 -8,000,000.00 17,000,000.00 -17,000,000.00 -103,000,000.00 -101,000,000.00 -156,000,000.00 -152,000,000.00 2,000,000.00 -55,000,000.00 16,000,000.00 5,000,000.00
Income Tax Expense Continuing Operations -10,000,000.00 1,000,000.00 8,000,000.00 7,000,000.00 22,000,000.00 7,000,000.00 -1,000,000.00 -3,000,000.00 -4,000,000.00 -4,000,000.00 -11,000,000.00 -1,000,000.00 0.00 1,000,000.00 -3,000,000.00
Profit (loss) -23,000,000.00 1,000,000.00 11,000,000.00 -5,000,000.00 -30,000,000.00 10,000,000.00 -16,000,000.00 -100,000,000.00 -97,000,000.00 -152,000,000.00 -141,000,000.00 3,000,000.00 -55,000,000.00 15,000,000.00 8,000,000.00
Line item in (dkk) 01.06.2020 01.06.2021 01.09.2021 01.12.2021 01.03.2022 01.06.2022 01.09.2022 01.12.2022 01.03.2023 01.06.2023 01.12.2023 01.09.2023
Profit (loss) N/A -23,000,000.00 1,000,000.00 10,000,000.00 -16,000,000.00 -30,000,000.00 -100,000,000.00 3,000,000.00 -55,000,000.00 -141,000,000.00 8,000,000.00 N/A
Other Adjustments For Noncash Items N/A -5,000,000.00 5,000,000.00 19,000,000.00 -5,000,000.00 17,000,000.00 -6,000,000.00 -7,000,000.00 15,000,000.00 -4,000,000.00 -9,000,000.00 N/A
Interest Paid Classified As Operating Activities N/A 23,000,000.00 6,000,000.00 7,000,000.00 8,000,000.00 28,000,000.00 8,000,000.00 9,000,000.00 12,000,000.00 44,000,000.00 15,000,000.00 N/A
Interest Received Classified As Operating Activities N/A 6,000,000.00 2,000,000.00 3,000,000.00 3,000,000.00 11,000,000.00 4,000,000.00 4,000,000.00 8,000,000.00 28,000,000.00 11,000,000.00 N/A
Cash Flows From Used In Operating Activities N/A 297,000,000.00 47,000,000.00 65,000,000.00 61,000,000.00 76,000,000.00 -28,000,000.00 54,000,000.00 74,000,000.00 198,000,000.00 80,000,000.00 N/A
Other Cash Receipts From Sales Of Equity Or Debt Instruments Of Other Entities Classified As Investing Activities N/A 50,000,000.00 25,000,000.00 60,000,000.00 173,000,000.00 456,000,000.00 3,000,000.00 4,000,000.00 4,000,000.00 124,000,000.00 0.00 N/A
Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities N/A 495,000,000.00 25,000,000.00 56,000,000.00 173,000,000.00 447,000,000.00 0.00 0.00 0.00 110,000,000.00 0.00 N/A
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 50,000,000.00 4,000,000.00 18,000,000.00 27,000,000.00 68,000,000.00 12,000,000.00 17,000,000.00 11,000,000.00 54,000,000.00 19,000,000.00 N/A
Purchase Of Intangible Assets Classified As Investing Activities N/A 134,000,000.00 22,000,000.00 36,000,000.00 49,000,000.00 181,000,000.00 46,000,000.00 36,000,000.00 32,000,000.00 169,000,000.00 38,000,000.00 N/A
Other Inflows Outflows Of Cash Classified As Investing Activities N/A -1,000,000.00 -1,000,000.00 -1,000,000.00 1,000,000.00 -2,000,000.00 4,000,000.00 0.00 1,000,000.00 3,000,000.00 1,000,000.00 N/A
Cash Flows From Used In Investing Activities N/A -623,000,000.00 -26,000,000.00 -50,000,000.00 -75,000,000.00 -239,000,000.00 -50,000,000.00 -49,000,000.00 -37,000,000.00 -204,000,000.00 -56,000,000.00 N/A
Proceeds From Issuing Shares N/A 359,000,000.00 N/A N/A N/A 0.00 N/A N/A N/A N/A N/A N/A
Payments To Acquire Or Redeem Entitys Shares N/A 42,000,000.00 0.00 37,000,000.00 37,000,000.00 37,000,000.00 0.00 0.00 0.00 0.00 N/A N/A
Payments Of Lease Liabilities Classified As Financing Activities N/A 40,000,000.00 7,000,000.00 8,000,000.00 9,000,000.00 36,000,000.00 10,000,000.00 11,000,000.00 9,000,000.00 40,000,000.00 11,000,000.00 N/A
Other Inflows Outflows Of Cash Classified As Financing Activities N/A 0.00 0.00 -34,000,000.00 0.00 -34,000,000.00 0.00 0.00 0.00 0.00 0.00 N/A
Cash Flows From Used In Financing Activities N/A 293,000,000.00 2,000,000.00 0.00 20,000,000.00 145,000,000.00 38,000,000.00 65,000,000.00 -15,000,000.00 64,000,000.00 -12,000,000.00 N/A
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A -33,000,000.00 23,000,000.00 15,000,000.00 6,000,000.00 -18,000,000.00 -40,000,000.00 70,000,000.00 22,000,000.00 58,000,000.00 12,000,000.00 N/A
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -4,000,000.00 0.00 -2,000,000.00 5,000,000.00 2,000,000.00 3,000,000.00 -6,000,000.00 1,000,000.00 -4,000,000.00 1,000,000.00 N/A
Cash and cash equivalents 215,000,000.00 178,000,000.00 201,000,000.00 214,000,000.00 225,000,000.00 162,000,000.00 125,000,000.00 189,000,000.00 212,000,000.00 216,000,000.00 154,000,000.00 141,000,000.00

Please note that some sums might not add up.

Filings & Publications

2023

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2022

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

DK0010218429

LEI

52990018KGR3ILFDNJ20

Sector

Consumer Discretionary

Industry Group

Consumer Durables & Apparel

Industry

Household Durables

Sub-Industry

Consumer Electronics

Listed Stock Exchange

Nasdaq Copenhagen

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