Financial Information

Financial Information

Bang & Olufsen Group (DKK million) Q1 FY FY FY FY
  2021/22 2020/21 2019/20 2018/19 2017/18
Income statement          
Revenue  666 2,629 2,036 2,838 3,285
Gross margin, %  44,8% 43.3% 41.1% 48.5% 43.6%
EBITDA 59 203 -146 248 397
EBIT bsi* 9 38 -304 59 122
EBIT 7 19 -347 59 122
Financial items, net -5 -52 -20 -26 -5
Earnings before tax (EBT) 2 -33 -367 33 177
Earnings after tax (EAT) 1 -23 -576 19 81
           
Financial position:          
Total assets  2.332 2,276 1,776 2,462 2,921
Share capital  613 613 432 432 432
Equity  1.143 1,133 832 1,419 1,709
Cash 201 178 215 492 1,155
Available liquidity 608 593 215 492 1,155
Net interest-bearing deposits/debt 379 361 -7 420 985
Net working capital 191 187 313 410 100
           
Cash flow          
– from operating activities  47 297 -80 -131 248
– from operational investments -26 -178 -154 -141 -163
Free Cash flow  21 119 -234 -272 85
– from financing activities  2 -152 -43 -391 -9
Cash flow for the period  23 -33 -277 -663 75
           
Key figures          
Growth in local currencies 44% 31% -29% -15% 2%
Gross margin 44,8% 43.3% 41.1% 48.5% 43.6%
EBITDA margin 8,9% 8.4% -7.2% 8.7% 12.1%
EBIT margin bsi* 1,4% 1.4% -15.0% 2.1% 3.7%
EBIT margin 1,1% 0.7% -17.1% 2.1% 3.7%
Return on assets 0,0% -1.0% -15.2% 0.8% 2.8%
Return on invested capital excl. GW 0,0% 14.3% -26.1% 2.0% 11.9%
Return on equity 0,1% -2.1% -28.4% 1.4% 4.7%
Full time employees end of period 976 947 899 957 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  N.m. -168.6 -1.7 109.8 76.2

* before special items

** excluding goodwill

Investor contact

Martin Raasch Egenhardt
Head of Investor Relations
+45-53707439
mare@bang-olufsen.dk
 
Major Shareholder Announcements should be sent directly to
major-shareholder@bang-olufsen.dk
 

Press contact

Jens Gamborg
Head of Group Communications
+45 2496 9371
Press@bang-olufsen.dk