Bang & Olufsen A/s · OMXCOP:BO

Bang & Olufsen A/s — Q1 2026/27 Earnings Presentation

13 slides from Bang & Olufsen A/s's earnings presentation, August 2026

  1. Slide 1: Webcast Presentation Q1 2026/27

    Webcast Presentation Q1 2026/27 June 2026 – August 2026

  2. Slide 2: Disclaimer

    Webcast Presentation – Q1 2026/27 Disclaimer This presentation does not constitute or form part of and should not be construed as an offer to sell or issue or the solicitation of an offer to buy or acquire securities issued by Bang & Olufsen a/s in any jurisdiction, including the United States of Am

  3. Slide 3: New executive leadership team established

    Webcast Presentation – Q1 2026/27 | Highlights New executive leadership team established CEO Gianfilippo Testa joined on 13 August 2026 – CCO & Deputy CEO Jesper Hessel to join Jesper Hessel Gianfilippo Testa Nikolaj Wendelboe Chief Commercial Officer & Chief Executive Officer EVP, Chief Financial O

  4. Slide 4: Revenue growth of 2.2% in local currencies, with a record-high gross margin of 59.4%

    Webcast Presentation – Q1 2026/27 | Highlights Revenue growth of 2.2% in local currencies, with a record-high gross margin of 59.4% and positive free cash flow Q1 2026/27 Like-for-like sell-out growth of 7%, with branded channels up 14% and Win DKK 530m • Cities delivering 19% collective sell-out gr

  5. Slide 5: Business highlights included openings of flagship stores, the launch of a Recreated Classic, and the introduction of our global brand ambass

    Webcast Presentation – Q1 2026/27 | Highlights Business highlights included openings of flagship stores, the launch of a Recreated Classic, and the introduction of our global brand ambassador Opening celebrations of our new flagship stores on Scotts Release of a new Recreated Classic: Beosystem 3000

  6. Slide 6: Financial performance in Q1 & Outlook 26/27

    Webcast Presentation – Q1 2026/27 Financial performance in Q1 & Outlook 26/27 6

  7. Slide 7: Sell-out Growth: like-for-like sell-out growth of 7% and branded channels up 14%

    Webcast Presentation – Q1 2026/27 | Financial Performance & Outlook Sell-out Growth | Like-for-like sell-out growth of 7% and branded channels up 14%, with Win Cities sell-out growth of 19% Group Regions Win Cities Regions • EMEA: Branded channels reported double- digit growth, driven by company-own

  8. Slide 8: Revenue growth of 2.2% in local currencies, a record-high gross margin of 59.4% and an improved EBIT margin

    Webcast Presentation – Q1 2026/27 | Financial Performance & Outlook Revenue growth of 2.2% in local currencies, a record-high gross margin of 59.4% and an improved EBIT margin year-on-year Group revenue Gross margin EBIT margin before special items DKKm % % +0.9pp +2.5% (LC: +2.2%) +0.7pp 5.7 676 65

  9. Slide 9: Revenue from product sales grew by 2.0% in local currencies, driven by double-digit growth in APAC

    Webcast Presentation – Q1 2026/27 | Financial Performance & Outlook Revenue from product sales grew by 2.0% in local currencies, driven by double-digit growth in APAC . Product gross margin improved to 54.4% EMEA Americas APAC Brand Partnering & other activities DKKm DKKm DKKm DKKm -3.4% (LC: -3.6)

  10. Slide 10: Net working capital reduced and free cash flow turned positive year-on-year, while capital resources declined

    Webcast Presentation – Q1 2026/27 | Financial Performance & Outlook Net working capital reduced and free cash flow turned positive year- on-year, while capital resources declined Net working capital Free cash flow Capital resources DKKm DKKm DKKm +141 448 -36 -14 349 367 362 22 344 316 313 330 289 2

  11. Slide 11: Outlook for 2026/27 maintained

    Webcast Presentation – Q1 2026/27 | Financial Performance & Outlook Outlook for 2026/27 maintained Revenue growth EBIT margin bsi* Free cash flow Local currencies DKK Outlook 1% to 5% 1% to 3% 25m to 100m FY 2026/27 Actuals 2.2% -4.3% 6m Q1 2026/27 CAPEX is expected to be in the range of DKK 270-310

  12. Slide 12: Q&A

    Webcast Presentation – Q1 2026/27 | Q&A Nikolaj Wendelboe Gianfilippo Testa 12

  13. Slide 13: Investor relations contact

    Webcast Presentation – Q1 2026/27 Investor relations contact: Cristina Rønde Hefting +45 41 53 73 03 crrh@bang-olufsen.dk 13

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