Bang & Olufsen (BO.CO), an audio and video products manufacturer, on Thursday reported 5% decline in revenue in the first quarter.
In the Copenhagen market, the shares were trading 7.22% lower at 12.60 Krone.
Meanwhile, the firm maintains its outlook for fiscal 2025-2026, as reported earlier, with expected revenue growth in the range of 1 to 8%.
EBITDA before special items declined to 27 million Kroner from 39 million Kroner.
The EBITDA margin before special items decreased to 6.5% from 7.1% in the prior year.
EBIT before special items totalled to negative 27 million Kroner from negative 17 million kroner in the year ago. EBIT margin before special items was negative 5.2% from negative 3.1% a year ago.
Reported revenue declined to 517 Kroner from 544 Danish Kroner a year ago. This represents a 4% decline in local currencies.
Like-for-like sell-out increased by 1% in the quarter, compared to a 2% drop in the prior year.
However, Like-for-like sell-out for Branded channels declined by 1% compared to a drop of 4% in the year ago.
Revenue in the On-the-go product category increased, aided by the A1 3rd-gen launch in May, making the gross margin rise to 58.7% compared to 55.2% a year ago.
However, in terms of product categories, revenue for the Staged and Flexible Living categories decreased.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.