Financial Information

Bang & Olufsen Group (DKK million)	9M	FY	FY	FY	FY
	2021/22	2020/21	2019/20	2018/19	2017/18
Income statement
Revenue	2,250	2,629	2,036	2,838	3,285
Gross margin, %	44,4%	43.3%	41.1%	48.5%	43.6%
EBITDA	192	203	-146	248	397
EBIT bsi*	42	38	-304	59	122
EBIT	35	19	-347	59	122
Financial items, net	-33	-52	-20	-26	-5
Earnings before tax (EBT)	2	-33	-367	33	177
Earnings after tax (EAT)	-5	-23	-576	19	81

Financial position:
Total assets	2,540	2,276	1,776	2,462	2,921
Share capital	613	613	432	432	432
Equity	1,119	1,133	832	1,419	1,709
Cash	225	178	215	492	1,155
Available liquidity	511	593	215	492	1,155
Net interest-bearing deposits/debt	318	361	-7	420	985
Net working capital	187	187	313	410	100

Cash flow
– from operating activities	173	297	-80	-131	248
– from operational investments	-155	-178	-154	-141	-163
Free Cash flow	18	119	-234	-272	85
– from financing activities	22	-152	-43	-391	-9
Cash flow for the period	44	-33	-277	-663	75

Key figures
Growth in local currencies	19%	31%	-29%	-15%	2%
Gross margin	44,4%	43.3%	41.1%	48.5%	43.6%
EBITDA margin	8,5%	8.4%	-7.2%	8.7%	12.1%
EBIT margin bsi*	1,8%	1.4%	-15.0%	2.1%	3.7%
EBIT margin	1,5%	0.7%	-17.1%	2.1%	3.7%
Return on assets	-0,2%	-1.0%	-15.2%	0.8%	2.8%
Return on invested capital excl. GW	12,8%	14.3%	-26.1%	2.0%	11.9%
Return on equity	0,4%	-2.1%	-28.4%	1.4%	4.7%
Full time employees end of period	1,063	947	899	957	1,028

Stock related key figures
Earnings per share (EPS), DKK	0.0	-0.2	-14.1	0.5	1.9
Earnings per share, diluted, DKK	0.0	-0.2	-13.7	0.5	1.9
Price/Earnings	-526.0	-168.6	-1.7	109.8	76.2

* before special items