Financial Information

Bang & Olufsen Group (DKK million)	9M	FY	FY	FY	FY
	2023/24	2022/23	2021/22	2020/21	2019/20
Income statement
Revenue	1,933	2,752	2,948	2,629	2,036
Gross margin, %	52.9%	44.2%	45.3%	43.3%	41.1%
EBITDA	221	98	257	203	-146
EBIT bsi*	48	-105	54	38	-304
EBIT	41	-124	46	19	-347
Financial items, net	-19	-28	-54	-52	-20
Earnings before tax (EBT)	22	-152	-8	-33	-367
Earnings after tax (EAT)	18	-187	-30	-23	-576

Financial position:
Total assets	2,200	2,385	2,518	2,276	1,776
Share capital	613	613	613	613	432
Equity	989	958	1,100	1,133	832
Cash	149	216	162	178	215
Available liquidity	158	224	301	593	215
Net interest-bearing deposits/debt	-24	22	111	361	-7
Net working capital	297	222	335	187	313

Cash flow
– from operating activities	113	198	76	297	-80
– from operational investments	-145	204	-248	-178	-154
Free Cash flow	-32	-20	-172	119	-234
– from financing activities	-39	64	9	-152	-43
Cash flow for the period	-65	58	-18	-33	-277

Key figures
Growth in local currencies	-7%	-8%	10%	31%	-29%
Gross margin	52.9%	44.2%	45.3%	43.3%	41.1%
EBITDA margin	11.8%	3.6%	8.7%	8.4%	-7.2%
EBIT margin bsi*	2.5%	-3.8%	1.8%	1.4%	-15.0%
EBIT margin	2.1%	-4.5%	1.6%	0.7%	-17.1%
Return on assets	0.8%	-7.7%	-1.2%	-1.0%	-15.2%
Return on invested capital excl. GW	12.6%	0.4%	19.3%	14.3%	-26.1%
Return on equity	1.4%	-20.0%	-2.7%	-2.1%	-28.4%
Full time employees end of period	993	996	1,073	947	899

Stock related key figures
Earnings per share (EPS), DKK	0.1	-1.2	-0.2	-0.2	-14.1
Earnings per share, diluted, DKK	0.1	-1.2	-0.2	-0.2	-13.7
Price/Earnings	66.2	-9.8	-67.6	-168.6	-1.7

* before special items