July 12, 2017 / 7:11 AM / 2 months ago

BRIEF-Bang & Olufsen Q4 2016/17 EBIT loss at DKK 95 million​

July 12 (Reuters) - BANG & OLUFSEN A/S:

* ‍GROUP REVENUE INCREASED 13 PER CENT IN Q4 OF 2016/17,​

* EXPECTS TO CONTINUE GROWTH MOMENTUM AND INCREASE REVENUE BY AROUND 10 PER CENT COMPARED TO 2016/17 AND TO INCREASE UNDERLYING EBITDAC MARGIN TO 8-10 PER CENT IN 2017/18

* Q4 2016/17 REVENUE DKK 785 ‍​ MILLION VERSUS DKK 696 MILLION YEAR AGO

* Q4 2016/17 EBIT LOSS DKK 95 ‍​ MILLION VERSUS LOSS DKK 72 MILLION YEAR AGO

* 2017/18 REVENUE GROWTH FOR THE GROUP IS EXPECTED TO BE AROUND 10 PER CENT COMPARED TO 2016/17.

* 2017/18 EBITDAC FOR THE UNDERLYING BUSINESS IS EXPECTED TO BE 8-10 PER CENT OF REVENUE.

* THE EBIT MARGIN FOR THE UNDERLYING BUSINESS IS EXPECTED TO BE 1-3 PER CENT FOR 2017/18.

* THE GROUP’S FREE CASH FLOW IS EXPECTED TO BE POSITIVE IN 2017/18. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below