Bang & Olufsen Income Statement

Financials in millions DKK. Fiscal year is June - May.

Millions DKK. Fiscal year is Jun - May.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021	2016 - 2020
Revenue	2,553	2,588	2,752	2,948	2,629	Upgrade
Revenue Growth (YoY)	-1.35%	-5.96%	-6.65%	12.13%	29.13%	Upgrade
Cost of Revenue	1,148	1,205	1,535	1,609	1,485	Upgrade
Gross Profit	1,405	1,383	1,217	1,339	1,144	Upgrade
Selling, General & Admin	1,040	1,047	1,031	1,009	857	Upgrade
Research & Development	339	275	291	276	247	Upgrade
Operating Expenses	1,379	1,322	1,322	1,285	1,104	Upgrade
Operating Income	26	61	-105	54	40	Upgrade
Interest Expense	-72	-57	-36	-22	-23	Upgrade
Interest & Investment Income	51	41	22	10	6	Upgrade
Currency Exchange Gain (Loss)	3	-11	-	-25	-17	Upgrade
Other Non Operating Income (Expenses)	4	2	-8	-5	-11	Upgrade
EBT Excluding Unusual Items	12	36	-127	12	-5	Upgrade
Gain (Loss) on Sale of Investments	-	-	-6	-12	-7	Upgrade
Other Unusual Items	-10	-43	-19	-8	-21	Upgrade
Pretax Income	2	-7	-152	-8	-33	Upgrade
Income Tax Expense	31	10	-11	22	-10	Upgrade
Earnings From Continuing Operations	-29	-17	-141	-30	-23	Upgrade
Net Income	-29	-17	-141	-30	-23	Upgrade
Net Income to Common	-29	-17	-141	-30	-23	Upgrade
Shares Outstanding (Basic)	147	123	123	123	123	Upgrade
Shares Outstanding (Diluted)	147	123	123	123	123	Upgrade
Shares Change (YoY)	20.00%	-	-	-	200.57%	Upgrade
EPS (Basic)	-0.20	-0.14	-1.15	-0.24	-0.19	Upgrade
EPS (Diluted)	-0.20	-0.14	-1.15	-0.24	-0.20	Upgrade
Free Cash Flow	217	171	144	8	247	Upgrade
Free Cash Flow Per Share	1.47	1.39	1.17	0.07	2.01	Upgrade
Gross Margin	55.03%	53.44%	44.22%	45.42%	43.52%	Upgrade
Operating Margin	1.02%	2.36%	-3.82%	1.83%	1.52%	Upgrade
Profit Margin	-1.14%	-0.66%	-5.12%	-1.02%	-0.88%	Upgrade
Free Cash Flow Margin	8.50%	6.61%	5.23%	0.27%	9.40%	Upgrade
EBITDA	109	151	-22	135	106	Upgrade
EBITDA Margin	4.27%	5.83%	-0.80%	4.58%	4.03%	Upgrade
D&A For EBITDA	83	90	83	81	66	Upgrade
EBIT	26	61	-105	54	40	Upgrade
EBIT Margin	1.02%	2.36%	-3.82%	1.83%	1.52%	Upgrade
Effective Tax Rate	1550.00%	-	-	-	-	Upgrade

Updated May 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.