Outlook

	Outlook 2021/22
Revenue	DKK 2.85bn to DKK 2.95bn
EBIT margin before special items	-2% to 2%
Free cash flow	DKK -180m to DKK -140m

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

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

For all non-PR or non-IR related enquiries, e.g. advertising and HR related questions,
please contact Bang & Olufsen’s main office at:
+45 9684 1122