Bang & Olufsen A/S · OMXCOP:BO
Bang & Olufsen A/S — Q3 2009/10 Earnings Presentation
15 slides from Bang & Olufsen A/S's earnings presentation, April 2010
Slide 1: Bang & Olufsen a/s Interim report Q3 2009/10
Bang & Olufsen a/s Interim report Q3 2009/10 Kalle Hvidt Nielsen CEO & President
Slide 2: Headlines Q3 2009/10
Headlines Q3 2009/10 · The Group’s total turnover totalled DKK 1,982 million against DKK 2,173 million in the same period last year. Turnover in the third quarter totalled DKK 749 million against DKK 640 million in the same period last year, an increase of 17 per cent. · Result before tax was negati
Slide 3: Headlines Q3 2009/10
Headlines Q3 2009/10 · In the period the Group’s cash flows were negative at DKK 91 million against negative DKK 214 million last year. Cash flows from operating activities were positive at DKK 113 million against DKK 86 million in the same period last year. · The Group has reduced capacity costs wi
Slide 4: Development in turnover and result before tax
Development in turnover and result before tax Q3 2009/10 · Result before tax positive at DKK 28 million based on a turnover growth of 17 per cent. · The lower gross margin at 38.9 per cent is caused by a shift in the product mix and the introduction of new products influencing the gross margin negat
Slide 5: Continued focus on reducing capacity costs
Continued focus on reducing capacity costs Q3 2009/10 · Capacity costs have been reduced by DKK 316 million or 27 per cent from DKK 1 1,162 162 million (e (excl. cl restructuring est ct ing costs of DKK 105 million) to DKK 846 million. · In the third quarter the capacity costs were reduced by DKK 73
Slide 6: Launch products' share of audio-video turnover
Launch products’ share of audio-video turnover Q3 2009/10 6
Slide 7: Product launches in 2009/10
Product launches in 2009/10 Q3 2009/10 BeoVision 10-40 BeoVision 7-55 BeoTime BeoCom 5 BeoVision 10-46 Adaptive Sound technology BeoLab 11 BeoLink application for iPhone and iPod Touch 7
Slide 8: Turnover growth per market in the first three quarters
Turnover growth per market (local currency) in the first three quarters Q3 2009/10 · In the first three quarters Automotive gained a growth of 26 per cent. · Denmark and Switzerland grew 7 per cent and 3 per cent respectively. 8
Slide 9: Turnover growth per market in the third quarter
Turnover growth per market (local currency) in the third quarter Q3 2009/10 · Denmark and Switzerland grew 48 per cent and 60 per cent respectively. respectively · The three big markets Denmark, Germany and UK gained a total growth of 23 per cent in the third quarter. quarter · Automotive achieved a
Slide 10: Distribution development
Distribution development Q3 2009/10 · During the first three quarters of the financial year 2009/10, 30 B1 shops were opened or upgraded, while 80 shops were closed or converted to shop- in-shops. · At the end of February 2010, there are 708 B1 shops across the world compared to 758 at the end of th
Slide 11: Distribution development
Distribution development Q3 2009/10 11
Slide 12: Turnover growth in mature B1 shops
Turnover growth (local currency) in mature B1 shops Q3 2009/10 · With an average turnover growth of 26 per cent per shop compared to the same period (Q3) last year, the quarter has improved the distribution’s situation significantly. 12
Slide 13: Extension of the board of management
Extension of the board of management Q3 2009/10 Kalle Hvidt Nielsen Henning Bejer Beck Christian Winther John Bennett-Therkildsen President & CEO Chief Financial Officer Executive Vice President Executive Vice President Marketing & Sales Operations 13
Slide 14: Expectations for the 2009/10 financial year
Expectations for the 2009/10 financial year Q3 2009/10 · Bang & Olufsen maintains the expectation that the 2009/10 financial year will result in a turnover between DKK 2,700 and DKK 2,900 million (compared to the 2008/09 financial year of DKK 2,789.5 million). A result before tax in the lower end of
Slide 15: Bang & Olufsen a/s
Bang & Olufsen a/s 2009/ 10 BANG & OLUFSEN