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Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: MarketLine (a Datamonitor Company)
Provider: Directors Deals Ltd.

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Bang & Olufsen A/S Affirms FY 2012/2013 Financial Guidance

Friday, 5 Apr 2013 02:00am EDT 

Bang & Olufsen A/S announced that as previously stated on March 22, 2013, the Company expects its fiscal year 2012/2013 revenue to be in the range of DKK 2,800 and DKK 2,900 million. The gross margin for the fiscal year 2012/2013 is expected to be at the same level as the previous financial year, and the outlook for EBIT is a negative EBIT in the range of DKK 150 million and DKK 200 million for the fiscal year 2012/2013. The EBIT guidance for the 2012/2013 fiscal year includes non-recurring costs of DKK 40 million mainly relating to organizational changes and network restructuring. In addition, the Company expects an adverse impact of more than DKK 100 million compared to the last year from higher amortization and lower capitalization of development projects, while continuing a high level of product development activity. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of DKK 2,947.00 million and gross margin of 41.17% for the fiscal year 2012/2013. 

Company Quote

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5:10am EDT