Just googled somethings about the actual financial situation, which dos not seems to be so good. If you take the current affairs in their main markets, the crisis in the automative industry as well as the cancellations of investments in the hotel sector, the ffuture looks bleak in my opinion...
http://www.bang-olufsen.com/Userfiles/File/Investors/BO_0805_FUK.pdf
Report early Oktober by Borsen.dk
Bang & Olufsen A/S has lost millions of kroner in the last three months. The management admits that it is uncertain whether the company can fulfil the expectations for the full financial year in the light of the financial crisis. The situation at B&O is far worse than expected by the analysts. The first three months of the company’s financial year showed a negative result before tax of DKK 58 million.
The analysts had expected a loss but not to this extent. According to a survey made by the news agency Direkt the analysts had expected a negative result before tax of DKK 2.8 million.
The B&O management and the new CEO Karl Kristian Hvidt Nielsen maintain the expectations for the 2008/2009 financial year, i.e. to post an operating profit and a result before tax on the same level as, or above, the result for the previous financial year of DKK 154 million. But things may change.
»The recent instability of the financial markets combined with the traditional seasonal fluctuations of Bang & Olufsen increases the uncertainty of the expectations,« the group wrote in the 1st quarter report.
Turnover for the first quarter was DKK 757 million, DKK 150 million below last year.
When the management in spite of falling sales expects to achieve the same result before tax as last year it is due to the plans to reduce the costs. How and when these cost reductions will be carried out will be published when the management and the board of directors present a new strategic plan at the end of October. Chairman Jørgen Worning has earlier said that the company will return to its core business, i.e. television and audio products.