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Latest post 08-13-2008 4:52 PM by Stars. 3 replies.
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  • 08-13-2008 9:32 AM

    The financial statement 2007/08 is published! WITH B&O NEWS

    Reply Contact

    Link to the B&O annual report published on Wednesday 13 August:

    http://www.bang-olufsen.com/Userfiles/File/Investors/BO_0805_FUK.pdf

    . 

    For product news see post from mr anders son:

    http://forum.beoworld.org/forums/thread/135243.aspx 

    . 

    The financial statement 2007/08 in brief:

    -Group gross margin was  46,2% against 46,6 in 2006/07.

    -decline in total turnover. Danish Kroner DKK 4,092 million in 2007/08. (Was DKK 4,376 million in 2006/07)

    -operating profit totalled DKK 195 million against DKK 530, while result before tax was DKK 154 million against DKK 524 million

    -The Group’s fastest growing geographical markets were Expansion Markets, Middle East and Asia

    Pacific at DKK 71 million. Among Expansion Markets, particularly Russia has excelled with an increase of

    DKK 28 million. European markets such as Switzerland and France also showed growth.

    -The Board of Directors expects the result for 2008/09 will be on or above the level for 2007/08 based on

    -The Board of Directors expects the result for 2008/09 will be on or above the level for 2007/08 based on

    an expected lower turnover than in the 2007/08 financial year.

    - Activities within the product development area continue to increase. Development costs amounted to

    DKK 546 million against DKK 459 million last year, an increase of DKK 87 million. DKK 51 million is

    attributable to the change in the net effect of capitalisation. The net effect of capitalisation of

    development costs was negative at DKK 16 million. Last year, the net effect was positive at DKK 35

    million.

    -Bang & Olufsen Automotive’s turnover for the financial year was DKK 123 million against DKK 87

    million last year, equating to an advance of 41 per cent.

    .

    What is your opinion? (I see no budget for Beoworld...)

  • 08-13-2008 10:29 AM In reply to

    • 9 LEE
    • Top 10 Contributor
    • Joined on 02-14-2007
    • Moderator - UK
    • Posts 5,223
    • Founder

    Re: The financial statement 2007/08 is published! WITH B&O NEWS

    Reply Contact

    I love the word 'challenging' instead of 'rubbish' when it comes to describing trading conditions. 

    The budget for BeoWorld is so big it's been renamed 'operating costs' in the report. Indifferent

    Well, no real shocks - it's just a necessary statement telling us what we already know.  If i were Mr Nielsen, i would be very excited and petrified - in equal measure.  Beats a strong cup of coffee any day..

    One thing we should all actually bear in mind is, Bang & Olufsen are making a PROFIT.  How many huge companies are making huge losses these days?  

    If i could liken B&O to anything, it would be a huge Oil Tanker in the shipping lane.  Once you have it moving forward at a decent pace, you can sit back and relax, just making sure it's going straight.  However, once you lose speed it takes a long time to get it back again - and turning it around is a military operation!

    Lee 

     

     

    BeoWorld - Everything Bang & Olufsen

  • 08-13-2008 4:46 PM In reply to

    Re: The financial statement 2007/08 is published! WITH B&O NEWS

    Reply Contact
    9 LEE:

    If i could liken B&O to anything, it would be a huge Oil Tanker in the shipping lane.  Once you have it moving forward at a decent pace, you can sit back and relax, just making sure it's going straight.  However, once you lose speed it takes a long time to get it back again - and turning it around is a military operation!

    Lee 

    If only our oil tanker would follow the Beoworld navigation OPINION....

  • 08-13-2008 4:52 PM In reply to

    Re: The financial statement 2007/08 is published! WITH B&O NEWS

    Reply Contact

    Could have guessed the growing markets, but I would be interested to know which markets have suffered most.
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