Sparkle Roll Group Ltd (0970.HK)
COPENHAGEN Luxury TV and stereo maker Bang & Olufsen cut its outlook for the third time in six months after it sold fewer TVs in Europe than expected in recent months, sending its shares plunging 20% on Tuesday.
* B&O issues third profit warning for 2018-2019 financial year
COPENHAGEN, June 4 Danish TV and stereo maker Bang & Olufsen cut its outlook for a third time in less than seven months late on Monday as it sold fewer TVs in Europe than expected.
COPENHAGEN, Dec 20 Shares in Bang & Olufsen (B&O) plummeted on Thursday after the luxury TV and stereo maker warned of lower sales this year as it reduces its distribution network, raising concerns that a broader slump in retail would hit future sales.