Business
Bang & Olufsen interim report for H1 2025/26: Q2 2025/26 marked Bang & Olufsen’s 100-year anniversary
Q2 (September - November 2025) marked Bang & Olufsen’s 100-year anniversary, which was celebrated with special events and brand campaigns around the world. Group revenue in local currencies declined by 1.2%, while the branded channels reported growth of 5.4% in local currencies. The gross margin was 57.9%, an increase from 53.7% last year, with record-high margin generated in product sales. Like-for-like sell-out increased by 7%, with strong traction from the Win Cities of 19% sell-out growth. “
About this update from Bang & Olufsen A/s
[{"type":"text","content":"Q2 (September - November 2025) marked Bang & Olufsen’s 100-year anniversary, which was celebrated with special events and brand campaigns around the world. Group revenue in local currencies declined by 1.2%, while the branded channels reported growth of 5.4% in local currencies. The gross margin was 57.9%, an increase from 53.7% last year, with record-high margin generated in product sales. Like-for-like sell-out increased by 7%, with strong traction from the Win Cities of 19% sell-out growth.","length":502,"tagName":"p"},{"type":"text","content":"“November marked a historic milestone as we celebrated our 100th anniversary, honouring a century of iconic craftsmanship and timeless design. We saw a small decline in revenue in the second quarter, mainly due to the timing of the launch of two additions to our product portfolio - the Beo Grace earpieces and the Beosound Premiere soundbar. We expect these launches, and two new flagship stores now open in Paris and San Francisco to contribute to revenue growth in the second half of the financial year in line with the narrowed outlook announced last week.”","length":561,"tagName":"p"},{"type":"text","content":"Nikolaj Wendelboe, CEO (interim) & CFOFinancial highlights, Q2 2025/26 (Q2 2024/25 in brackets)","length":101,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Like-for-like sell-out grew by 7% (1%). Like-for-like sell out for Branded channels grew 8% (5%).","length":97,"tagName":"p"}]},{"val":[{"type":"text","content":"Reported revenue declined by 3.2% (-0.4%) year-on-year, or -1.2% in local currencies (-0.9%), to DKK 676m (DKK 698m).","length":117,"tagName":"p"}]},{"val":[{"type":"text","content":"Revenue from Branded channels increased by 5.5% (-5%), or 5.4% in local currencies (-5.9%).","length":91,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin was up by 4.2pp to 57.9% (53.7%).","length":46,"tagName":"p"}]},{"val":[{"type":"text","content":"EBITDA before special items was DKK 26m (DKK 72m), EBITDA margin before special items of 3.8% (10.2%).","length":102,"tagName":"p"}]},{"val":[{"type":"text","content":"EBIT before special items was DKK -36m (DKK 12m). EBIT margin before special items of -5.3% (1.7%). Excluding one-off related cost for the centennial, the EBIT-margin before special items was around 0%.","length":203,"tagName":"...