Bang & Olufsen A/S : Webcast presentation Annual Report 2024/25

Published: 2025-07-03 02:45:09 ET BO.CO

Published on 07/03/2025 at 02:45

July 2025

F u ll y e a r & Q 4 2 02 4/ 2 5 - Ma r c h 20 2 5 - May 2 02 5

Webcast presentation

Agenda

1

Key Highlights

2

Strategy Update

3

Financial Performance in Q4 & Outlook 25/26

4

Q&A

3 |

Group revenue for Q4 grew by 4% in local currencies, driven by growth across regions in local currencies, leading to a full year revenue decline of 1%.

Revenue for product sales grew 9% for the quarter and was flat year-on-year.

Record-high gross margin of 55.8% in Q4, and above 50% for the past nine consecutive quarters, contributing to an overall 55.0% gross margin for 24/25, 1.7% pp higher than last year.

Like for like sell-out grew 7% in Q4, driven by 8% growth in branded channels, contributing to a total increase in like for like sell-out growth of 4% for 24/25.

The four win-cities collectively reported sell-out growth of 30% for the full year and 38% for Q4.

Capital resources at DKK 600m at year end, driven by net proceeds from capital raise of DKK 217m and the refinancing and increase of our revolving credit facility.

Overall results in line with the initial outlook.

A year of transition, achieving record-high gross margin, positive operating profit, and strengthened branded channel performance

DKK 680m

4% growth in local currencies

Revenue

Gross margin

Q4 2024/25

FY 2024/25

DKK 2,553m

-1% growth in local currencies

55.0%

(up from 53.3%)

55.8%

(up from 54.3%)

1.0%

(down from 2.4%)

1.0%

(down from 1.8%)

EBIT margin bsi*

DKK 16m

(up from DKK 11m)

DKK 4m

(down from DKK 43m)

Free cash flow

4 |

Luxury

Timeless

Technology

Strategy Update

Disclaimer

Bang & Olufsen A/S published this content on July 03, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 03, 2025 at 06:44 UTC.