Financial Information

Financial Information

Bang & Olufsen Group (DKK million)  2017/18 2016/17 2015/16 2014/15 2013/14 
Income statement          
Revenue  3,285 2,954 2,633 2,356 2,162
Gross margin, %  40.9 38.1 36.1 24.6 38.4
Earnings before interest, taxes, depreciation, amortisation andt capitalisation (EBITDAC) 292 25 -106 -535 -95
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 398 199 46 -376 81
Earnings before interest and tax (EBIT) 122 -129 -202 -807 -261
Financial items, net  -5 -37 -39 -6 -29
Earnings before tax (EBT) 118 -166 -242 -803 -286
Earnings, continued operations 81 -117 -198 -607 -228
Earnings, discontinued operations 0 0 -10 664 199
Earnings after tax  81 -117 -208 57 -29
           
Financial position:          
Total assets  2,921 2,847 2,832 3,449 2,892
Share capital  432 432 432 432 393
Equity  1,710 1,586 1,725 1,921 1,604
Net interest-bearing receivable / (debt ) 985 900 599 788 -374
Net working capital  100 27 319 261 657
           
Cash flow          
– from operationg activities  248 352 -5 55 184
– from investment activities  -163 -45 -182 858 -285
– free cash flow  85 307 -187 913 -101
– from financing activities  -9 -17 -223 233 64
Cash flow for fthe period  75 291 -409 1,146 -37
Key figures          
EBITDA-margin, %  12.1 6.7 1.8 -16.0 3.8
EBIT-margin, %  3.7 -4.4 -8.4 -34.3 -12.1
Return on assets, %  7.1 -6.9 -10.2 -36.1 -10.6
Return on invested capital, excl. goodwill, %  92.5 20.1 -4.1 -41.5 -0.9
Return on equity, %  4.9 -7.0 -11.4 3.2 -1.8
Full time employees at the end of the period  1,028 1,169 1,734 2,015 2,180
           
Stock related key figures          
Earnings per share (EPS), DKK  2 -3 -5 1 -1
Earnings per share, diluted (EPS-D), DKK  2 -3 -5 1 -1
Price/Earnings  73 -38 -13 44 -84
           
*Numbers can be found in the Annual Report 2017/18          

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