Announcement • May 27
Bang & Olufsen A/S, Annual General Meeting, Aug 19, 2027 Bang & Olufsen A/S, Annual General Meeting, Aug 19, 2027. Announcement • May 11
Bang & Olufsen A/S Announces Resignation of Executive Vice President, Chief Corporate Commercial Officer Line Køhler Ljungdahl, Effective May 15, 2026 Bang & Olufsen A/S announces that Line Køhler Ljungdahl will step down from her role as Executive Vice President (EVP), Chief Corporate Commercial Officer (CCCO) effective May 15, 2026. Since joining Bang & Olufsen in 2015, Line has held several leadership positions across the organisation and has served on the Executive Management Board since 2020. After more than a decade with the company, Line has decided to pursue new executive opportunities outside Bang & Olufsen. Following this change, the Executive Management Board will consist of the Chief Executive Officer and the Chief Financial Officer. As per May 15, 2026, the Executive Management Board comprises one member: Nikolaj Wendelboe, Interim Chief Executive Officer and Executive Vice President, Chief Financial Officer. Board Change • Apr 14
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Vice Chairman of the Board Albert Bensoussan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 29
Bang & Olufsen A/S Announces Board Change Bang & Olufsen A/S announced that Kresten Bjørn Krab-Bjerre will become the new employee-elected member of the Board of Directors effective January 29, 2026. Kresten Bjørn Krab-Bjerre is succeeding Andra Gavrilescu, who is stepping down as employee-elected member of the Board of Directors. Reported Earnings • Jan 14
Second quarter 2026 earnings released: kr.0.40 loss per share (vs kr.0.087 loss in 2Q 2025) Second quarter 2026 results: kr.0.40 loss per share (further deteriorated from kr.0.087 loss in 2Q 2025). Revenue: kr.676.0m (down 3.2% from 2Q 2025). Net loss: kr.53.0m (loss widened 308% from 2Q 2025). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jan 14
Bang & Olufsen A/S Narrows Earnings Guidance for the Fiscal Year 2025/2026 Bang & Olufsen A/S narrowed earnings guidance for the fiscal year 2025/2026. for the year, the company expects Revenue growth in local currencies: 1% to 5% (previously 1% to 8%). New Risk • Jan 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jan 07
Bang & Olufsen Announces CEO Changes Bang & Olufsen announced that CEO Kristian Teär will step down as of January 7, 2026. The search for a new CEO is ongoing. In the meantime, Nikolaj Wendelboe will assume the role of interim CEO in addition to his current role as CFO. Kristian joined as CEO at a critical time for the company in 2019, and shortly thereafter led the company through the challenges of the COVID-19 pandemic. During the past couple of years, he played a key role in setting the strategic direction and securing a solid financial foundation for the business. The strategy and ambition to strengthen Bang & Olufsen’s position as a global leader in luxury audio and deliver sustainable, profitable growth remain unchanged. However, now around six months into our three-year mid-term plan, the Board has determined that new leadership is required to steer the company through the next phase. Announcement • Oct 10
Bang & Olufsen A/S Maintains Earnings Guidance for Fiscal Year 2025/26 Bang & Olufsen A/S maintains earnings guidance for fiscal year 2025/26. For the year, the company expects revenue growth in local currencies: 1% to 8%. Announcement • Aug 15
Bang & Olufsen A/S Appoints Nancy Liu to the Board of Directors Bang & Olufsen a/s announced that at its Annual General Meeting held on August 14, 2025, approved Nancy Liu was elected as a new member to the Board of Directors. Reported Earnings • Jul 03
Full year 2025 earnings released: kr.0.20 loss per share (vs kr.0.14 loss in FY 2024) Full year 2025 results: kr.0.20 loss per share (further deteriorated from kr.0.14 loss in FY 2024). Revenue: kr.2.55b (down 1.4% from FY 2024). Net loss: kr.29.0m (loss widened 71% from FY 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jun 25
Bang & Olufsen A/S to Report Fiscal Year 2026 Results on Jul 02, 2026 Bang & Olufsen A/S announced that they will report fiscal year 2026 results on Jul 02, 2026 Board Change • Jun 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Employee Representative Director Andra Gavrilescu was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Apr 11
Forecast breakeven date pushed back to 2027 The 2 analysts covering Bang & Olufsen previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 23% per year to 2026. The company is expected to make a profit of kr.54.0m in 2027. Average annual earnings growth of 117% is required to achieve expected profit on schedule. Reported Earnings • Apr 09
Third quarter 2025 earnings released: EPS: kr.0.16 (vs kr.0.013 in 3Q 2024) Third quarter 2025 results: EPS: kr.0.16 (up from kr.0.013 in 3Q 2024). Revenue: kr.631.0m (up 2.8% from 3Q 2024). Net income: kr.7.00m (up 133% from 3Q 2024). Profit margin: 1.1% (up from 0.5% in 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Apr 09
Bang & Olufsen A/S Provides Revenue Guidance for 2024/2025 Bang & Olufsen A/S provided Revenue Guidance for 2024/2025. For the period, the company reported revenue growth in local currencies: -3% to 3%. Revenue growth in local currencies is expected at the lower end of the range. Announcement • Mar 01
Bang & Olufsen A/S Announces M. Claire Chung Steps Down as Director Bang & Olufsen A/S announced that M. Claire Chung will not seek re-election to the Board of Directors at the upcoming annual general meeting in August 2025 and will step down effective 28 February 2025. Recent Insider Transactions • Jan 17
CEO & Member of the Executive Board recently bought kr.2.7m worth of stock On the 14th of January, Kristian Tear bought around 231k shares on-market at roughly kr.11.57 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kristian has been a buyer over the last 12 months, purchasing a net total of kr.2.7m worth in shares. Reported Earnings • Jan 11
Second quarter 2025 earnings released: kr.0.087 loss per share (vs kr.0.10 profit in 2Q 2024) Second quarter 2025 results: kr.0.087 loss per share (down from kr.0.10 profit in 2Q 2024). Revenue: kr.698.0m (flat on 2Q 2024). Net loss: kr.13.0m (down 263% from profit in 2Q 2024). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Jan 10
Bang & Olufsen A/S Maintains Earnings Guidance for the Fiscal Year 2025 Bang & Olufsen A/S maintained earnings guidance for the fiscal year 2025. For the year, the company maintains revenue growth in local currencies: -3% to 3%. New Risk • Jan 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Board Change • Jan 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Employee Representative Director Andra Gavrilescu was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. Employee Representative Director Andra Gavrilescu was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 11
First quarter 2025 earnings released: kr.0.10 loss per share (vs kr.0.10 profit in 1Q 2024) First quarter 2025 results: kr.0.10 loss per share (down from kr.0.10 profit in 1Q 2024). Revenue: kr.544.0m (down 12% from 1Q 2024). Net loss: kr.17.0m (down 343% from profit in 1Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Breakeven Date Change • Jul 29
Forecast breakeven date pushed back to 2026 The 2 analysts covering Bang & Olufsen previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 75% to 2025. The company is expected to make a profit of kr.49.8m in 2026. Average annual earnings growth of 94% is required to achieve expected profit on schedule. Reported Earnings • Jul 05
Full year 2024 earnings released: kr.0.10 loss per share (vs kr.1.15 loss in FY 2023) Full year 2024 results: kr.0.10 loss per share (improved from kr.1.15 loss in FY 2023). Revenue: kr.2.59b (down 6.0% from FY 2023). Net loss: kr.17.0m (loss narrowed 88% from FY 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Breakeven Date Change • Jul 05
Forecast breakeven date pushed back to 2025 The 2 analysts covering Bang & Olufsen previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of kr.46.9m in 2025. Earnings growth of 110% is required to achieve expected profit on schedule. Board Change • Jun 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. Employee Representative Director Andra Gavrilescu was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 23
Bang & Olufsen A/S Announces Board Changes Bang & Olufsen A/S announced that Brian Bjørn Hansen is stepping down as an employee elected member of the Board of Directors as of 22 May 2024. Brian Bjørn Hansen will be succeeded by alternate Andra Gavrilescu, who will become new employee-elected member of the Board of Directors. Reported Earnings • Apr 11
Third quarter 2024 earnings released: EPS: kr.0.013 (vs kr.0.50 loss in 3Q 2023) Third quarter 2024 results: EPS: kr.0.013 (up from kr.0.50 loss in 3Q 2023). Revenue: kr.614.0m (down 3.3% from 3Q 2023). Net income: kr.3.00m (up kr.58.0m from 3Q 2023). Profit margin: 0.5% (up from net loss in 3Q 2023). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jan 11
Second quarter 2024 earnings released: EPS: kr.0.10 (vs kr.0.025 in 2Q 2023) Second quarter 2024 results: EPS: kr.0.10 (up from kr.0.025 in 2Q 2023). Revenue: kr.700.0m (down 19% from 2Q 2023). Net income: kr.8.00m (up 167% from 2Q 2023). Profit margin: 1.1% (up from 0.3% in 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Announcement • Jan 10
Bang & Olufsen A/S Provides Earnings Guidance for the Financial Year 2023-2024 Bang & Olufsen a/s provided the outlook for the financial year 2023-2024. Company maintains the outlook for the year, however, the company now expects revenue growth and free cash flow to be at the lower end of the range due to lower-than- expected revenue from APAC and the delay of a planned product launch. The expectation for the EBIT margin before special items is unchanged. The outlook is as follows: Revenue growth (in local currencies): 0% to 9%, EBIT margin before special items: 0% to 6%. Reported Earnings • Oct 11
First quarter 2024 earnings released: EPS: kr.0.10 (vs kr.0.80 loss in 1Q 2023) First quarter 2024 results: EPS: kr.0.10 (up from kr.0.80 loss in 1Q 2023). Revenue: kr.619.0m (up 1.1% from 1Q 2023). Net income: kr.7.00m (up kr.107.0m from 1Q 2023). Profit margin: 1.1% (up from net loss in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Oct 11
Bang & Olufsen a/s Provides Earnings Guidance for the Year 2023/2024 Bang & Olufsen a/s provided earnings guidance for the year 2023/2024. For the year, the company expects revenue growth (in local currencies) to be in the range of 0% to 9%. New Risk • Jul 07
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Jul 07
Full year 2023 earnings released: kr.1.50 loss per share (vs kr.0.24 loss in FY 2022) Full year 2023 results: kr.1.50 loss per share (further deteriorated from kr.0.24 loss in FY 2022). Revenue: kr.2.75b (down 6.6% from FY 2022). Net loss: kr.141.0m (loss widened 370% from FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jul 06
Bang & Olufsen A/S Provides Earnings Outlook for the Year 2023-24 Bang & Olufsen a/s provided earnings outlook for the year 2023/24. For the period, the company's Revenue growth (in local currencies): 0% to 9%. Reported Earnings • Apr 14
Third quarter 2023 earnings released: kr.0.50 loss per share (vs kr.0.10 loss in 3Q 2022) Third quarter 2023 results: kr.0.50 loss per share (further deteriorated from kr.0.10 loss in 3Q 2022). Revenue: kr.635.0m (down 18% from 3Q 2022). Net loss: kr.55.0m (loss widened 244% from 3Q 2022). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Buying Opportunity • Mar 17
Now 22% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be kr.13.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 0.4% in a year. Earnings is forecast to grow by 63% in the next year. Reported Earnings • Jan 12
Second quarter 2023 earnings released: EPS: kr.0.026 (vs kr.0.10 in 2Q 2022) Second quarter 2023 results: EPS: kr.0.026 (down from kr.0.10 in 2Q 2022). Revenue: kr.859.0m (up 6.2% from 2Q 2022). Net income: kr.3.00m (down 70% from 2Q 2022). Profit margin: 0.3% (down from 1.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Jan 11
Bang & Olufsen a/s Provides Earnings Guidance for the Financial Year 2022-23 Bang & Olufsen a/s provided earnings guidance for the financial year 2022-23. the company now expect revenue growth, EBIT margin before special items and free cash flow to be at the lower end of the range. The outlook is as follows: Revenue growth (in local currencies) of -4% to 5%, EBIT margin before special items of -2% to 3%. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. Independent Vice Chairman of the Board Albert Bensoussan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 05
First quarter 2023 earnings released: kr.0.80 loss per share (vs kr.0.008 profit in 1Q 2022) First quarter 2023 results: kr.0.80 loss per share (down from kr.0.008 profit in 1Q 2022). Revenue: kr.612.0m (down 8.1% from 1Q 2022). Net loss: kr.100.0m (down kr.101.0m from profit in 1Q 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Breakeven Date Change • Jul 25
Forecast breakeven date pushed back to 2024 The 2 analysts covering Bang & Olufsen previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 91% to 2023. The company is expected to make a profit of kr.65.5m in 2024. Average annual earnings growth of 96% is required to achieve expected profit on schedule. Reported Earnings • Jul 07
Full year 2022 earnings released: kr.0.20 loss per share (vs kr.0.19 loss in FY 2021) Full year 2022 results: kr.0.20 loss per share (down from kr.0.19 loss in FY 2021). Revenue: kr.2.95b (up 12% from FY 2021). Net loss: kr.30.0m (loss widened 30% from FY 2021). Over the next year, revenue is expected to shrink by 4.0% compared to a 12% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Breakeven Date Change • Jul 07
Forecast breakeven date pushed back to 2024 The 2 analysts covering Bang & Olufsen previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of kr.60.6m in 2024. Average annual earnings growth of 142% is required to achieve expected profit on schedule. Announcement • May 26
Bang & Olufsen a/s, Annual General Meeting, Aug 17, 2023 Bang & Olufsen a/s, Annual General Meeting, Aug 17, 2023. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Vice Chairman of the Board Albert Bensoussan was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 08
Third quarter 2022 earnings released Third quarter 2022 results: kr.0.10 loss per share. Revenue: kr.775.0m (up 11% from 3Q 2021). Net loss: kr.16.0m (down 223% from profit in 3Q 2021). Over the next year, revenue is forecast to grow 8.3%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 13
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: kr.809.0m (up 17% from 2Q 2021). Net income: kr.10.0m (down 17% from 2Q 2021). Profit margin: 1.2% (down from 1.7% in 2Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 5.6% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 07
First quarter 2022 earnings released: EPS kr.0.008 (vs kr.0.40 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: kr.666.0m (up 44% from 1Q 2021). Net income: kr.1.00m (up kr.50.0m from 1Q 2021). Profit margin: 0.2% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 09
Full year 2021 earnings released: kr.0.19 loss per share (vs kr.14.08 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: kr.2.63b (up 29% from FY 2020). Net loss: kr.23.0m (loss narrowed 96% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 11
Third quarter 2021 earnings released: EPS kr.0.10 (vs kr.6.70 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr.698.0m (up 14% from 3Q 2020). Net income: kr.13.0m (up kr.288.0m from 3Q 2020). Profit margin: 1.9% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Jan 18
Revenue in line with expectations Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 27%, compared to a 18% growth forecast for the Consumer Durables industry in the United Kingdom. Analyst Estimate Surprise Post Earnings • Jan 15
Revenue in line with expectations Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 27%, compared to a 18% growth forecast for the Consumer Durables industry in the United Kingdom. Reported Earnings • Jan 14
Second quarter 2021 earnings released: EPS kr.0.10 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr.693.0m (up 11% from 2Q 2020). Net income: kr.12.0m (up kr.72.0m from 2Q 2020). Profit margin: 1.7% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has only fallen by 41% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 01
First quarter earnings released Over the last 12 months the company has reported total losses of kr.519.0m, with losses widening by kr.434.6m from the prior year. Total revenue was kr.2.08b over the last 12 months, down 22% from the prior year.