Bang & Olufsen A/S · OMXCOP:BO
Bang & Olufsen A/S — Q1 2010/11 Earnings Presentation
9 slides from Bang & Olufsen A/S's earnings presentation, November 2010
Slide 1: Bang & Olufsen a/s Interim report Q1 2010/11
Bang & Olufsen a/s Interim report Q1 2010/11 Kalle Hvidt Nielsen CEO & President
Slide 2: Headlines Q1 2010/11
Headlines Q1 2010/11 • As expected, the Group's turnover for the first quarter of the 2010/11 financial year was DKK 562 million against DKK 565 million for the same period last year. • Historically, the first quarter is not indicative for the year as a whole and the Group is committed to grow the b
Slide 3: Development in turnover and result before tax Q1 2010/11
Development in turnover and result before tax Q1 2010/11 900 779 • The first quarter reflects a significant (DKK million) 775 749 progress in sales within the Automotive 700 669 business area and a decline in sales within 640 617 the audio-video business. 565 562 • For the first quarter of the 2010/
Slide 4: Audio-video business Q1 2010/11
Audio-video business Q1 2010/11 • The Group is committed to grow the audio-video business and has initiated a number of additional activities to be implemented up to the high season. • The activities are implemented up to the high season where the effect is expected to be most significant. • The act
Slide 5: Capacity costs maintained at a low level
Capacity costs maintained at a low level Q1 2010/11 500 • The Group has reduced its capacity costs by DKK 24 million from DKK 278 million for the same period last year to DKK (DKK million) 254 million. 450 • Distribution and marketing costs declined in the first quarter by DKK 10 million from DKK 17
Slide 6: Development in turnover per market in the first quarter
Development in turnover per market in the first quarter Q1 2010/11 100 • The Automotive business area continued 90 to advance in the first quarter of the Q1 10/11 2010/11 financial year in that turnover 80 Q1 09/10 totalled DKK 91 million against DKK 49 million for the same period last year. 70 60 •
Slide 7: Distribution development Q1 2010/11
Distribution development Q1 2010/11 1.000 • During the quarter, 6 B1-shops were Number of shops opened or upgraded while 19 shops were 822 either closed or converted to shop in 777 shops. 758 725 703 690 750 672 • At the end of August 2010, there were 637 596 690 B1-shops worldwide compared to 703 a
Slide 8: Expectations for the 2010/11 financial year
Expectations for the 2010/11 financial year Q1 2010/11 Product portfolio The Group's objective for the 2010/11 financial year is to support the growth ambitions for the branded business through a continued high activity level within product development. The Group therefore expects that approximately
Slide 9: Bang & Olufsen a/s Q1 2010/11
Bang & Olufsen a/s Q1 2010/11 BANG & OLUFSEN