Financial Information

Bang & Olufsen Group (DKK million)	9M	FY	FY	FY	FY
	2022/23	2021/22	2020/21	2019/20	2018/19
Income statement
Revenue	2,106	2,948	2,629	2,036	2,838
Gross margin, %	41.9%	45,3%	43.3%	41.1%	48.5%
EBITDA	35	257	203	-146	248
EBIT bsi*	-114	54	38	-304	59
EBIT	-130	46	19	-347	59
Financial items, net	-26	-54	-52	-20	-26
Earnings before tax (EBT)	-156	-8	-33	-367	33
Earnings after tax (EAT)	-152	-30	-23	-576	19

Financial position:
Total assets	2,325	2,518	2,276	1,776	2,462
Share capital	613	613	613	432	432
Equity	955	1,100	1,133	832	1,419
Cash	212	162	178	215	492
Available liquidity	208	301	593	215	492
Net interest-bearing deposits/debt	36	111	361	-7	420
Net working capital	269	335	187	313	410

Cash flow
– from operating activities	100	76	297	-80	-131
– from operational investments	-147	-248	-178	-154	-141
Free Cash flow	-47	-172	119	-234	-272
– from financing activities	-48	9	-152	-43	-391
Cash flow for the period	52	-18	-33	-277	-663

Key figures
Growth in local currencies	-9%	10%	31%	-29%	-15%
Gross margin	41.9%	45,3%	43.3%	41.1%	48.5%
EBITDA margin	1.6%	8.7%	8.4%	-7.2%	8.7%
EBIT margin bsi*	-5.4%	1,8%	1.4%	-15.0%	2.1%
EBIT margin	-6.2%	1,6%	0.7%	-17.1%	2.1%
Return on assets	-6.5%	-1,2%	-1.0%	-15.2%	0.8%
Return on invested capital excl. GW	-7.1%	19,3%	14.3%	-26.1%	2.0%
Return on equity	-15.9%	-2,7%	-2.1%	-28.4%	1.4%
Full time employees end of period	1,037	1,073	947	899	957

Stock related key figures
Earnings per share (EPS), DKK	-1.2	-0.2	-0.2	-14.1	0.5
Earnings per share, diluted, DKK	-1.2	-0.2	-0.2	-13.7	0.5
Price/Earnings	-10.3	-67.6	-168.6	-1.7	109.8

* before special items