Financial Information

Bang & Olufsen Group (DKK million)	H1	FY	FY	FY	FY
	2022/23	2021/22	2020/21	2019/20	2018/19
Income statement
Revenue	1,471	2,948	2,629	2,036	2,838
Gross margin, %	41,2%	45,3%	43.3%	41.1%	48.5%
EBITDA	35	257	203	-146	248
EBIT bsi*	-71	54	38	-304	59
EBIT	-72	46	19	-347	59
Financial items, net	-29	-54	-52	-20	-26
Earnings before tax (EBT)	-101	-8	-33	-367	33
Earnings after tax (EAT)	-100	-30	-23	-576	19

Financial position:
Total assets	2,544	2,518	2,276	1,776	2,462
Share capital	613	613	613	432	432
Equity	1,012	1,100	1,133	832	1,419
Cash	189	162	178	215	492
Available liquidity	187	301	593	215	492
Net interest-bearing deposits/debt	4	111	361	-7	420
Net working capital	335	335	187	313	410

Cash flow
– from operating activities	26	76	297	-80	-131
– from operational investments	-106	-248	-178	-154	-141
Free Cash flow	-80	-172	119	-234	-272
– from financing activities	4	9	-152	-43	-391
Cash flow for the period	30	-18	-33	-277	-663

Key figures
Growth in local currencies	-4%	10%	31%	-29%	-15%
Gross margin	41.2%	45,3%	43.3%	41.1%	48.5%
EBITDA margin	2.4%	8.4%	-7.2%	8.7%
EBIT margin bsi*	-4.8%	1,8%	1.4%	-15.0%	2.1%
EBIT margin	-4.9%	1,6%	0.7%	-17.1%	2.1%
Return on assets	-3.9%	-1,2%	-1.0%	-15.2%	0.8%
Return on invested capital excl. GW	-2.7%	19,3%	14.3%	-26.1%	2.0%
Return on equity	-9.9%	-2,7%	-2.1%	-28.4%	1.4%
Full time employees end of period	1,048	1,073	947	899	957

Stock related key figures
Earnings per share (EPS), DKK	-0.8	-0.2	-0.2	-14.1	0.5
Earnings per share, diluted, DKK	-0.8	-0.2	-0.2	-13.7	0.5
Price/Earnings	-12.0	-67.6	-168.6	-1.7	109.8

* before special items