Financial Information

Financial Information

Bang & Olufsen Group (DKK million) FY FY FY FY FY
  2020/21 2019/20 2018/19 2017/18 2016/17
Income statement          
Revenue  2,629 2,036 2,838 3,285 2,954
Gross margin, %  43.3% 41.1% 48.5% 43.6% 38.1%
EBITDA 203 -146 248 397 199
EBIT bsi* 38 -304 59 122 -129
EBIT 19 -347 59 122 -129
Financial items, net -52 -20 -26 -5 -37
Earnings before tax (EBT) -33 -367 33 177 -166
Earnings after tax (EAT) -23 -576 19 81 -117
           
Financial position:          
Total assets  2,276 1,776 2,462 2,921 2,847
Share capital  613 432 432 432 432
Equity  1,133 832 1,419 1,709 1,586
Cash 178 215 492 1,155 1,079
Available liquidity 593 215 492 1,155 1,079
Net interest-bearing deposits/debt 361 -7 420 985 900
Net working capital 187 313 410 100 27
           
Cash flow          
– from operating activities  297 -80 -131 248 352
– from operational investments -178 -154 -141 -163 -45
Free Cash flow  119 -234 -272 85 307
– from financing activities  -152 -43 -391 -9 -17
Cash flow for the period  -33 -277 -663 75 291
           
Key figures          
Growth in local currencies 31% -29% -15% 2% 14%
Gross margin 43.3% 41.1% 48.5% 43.6% 38.1%
EBITDA margin 8.4% -7.2% 8.7% 12.1% 6.7%
EBIT margin bsi* 1.4% -15.0% 2.1% 3.7% -4.4%
EBIT margin 0.7% -17.1% 2.1% 3.7% -4.4%
Return on assets -1.0% -15.2% 0.8% 2.8% -6.9%
Return on invested capital excl. GW 14.3% -26.1% 2.0% 11.9% 20.1%
Return on equity -2.1% -28.4% 1.4% 4.7% -7.0%
Full time employees end of period 947 899 957 1,028 1,169
           
Stock related key figures          
Earnings per share (EPS), DKK  -0.2 -14.1 0.5 1.9 -2.7
Earnings per share, diluted, DKK  -0.2 -13.7 0.5 1.9 -2.7
Price/Earnings  -168.6 -1.7 109.8 76.2 -38.0

* 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