Bang & Olufsen a/s (0MRM) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and thanks for joining the call. Welcome to my first webcast in the position as interim CEO. With me today is our chair, Juha Christensen. Juha will begin by addressing the leadership transition we announced last week and will also be available for questions after the presentation. I will go through our highlights for the past quarter and provide an overview of our business performance. And following that, I will take us through the financials and our outlook in details before we open the session up for your questions. And with that, I will hand it over to Juha. Thank you, Nikolaj. And good morning, everyone. And thank you very much for joining. new CEO for Bang & Olufsen. On behalf of the board, I want to sincerely thank Right long-term fit. A leader who can take the company confidently into its next layers of execution. We have the full confidence in Nikolaj as interim CEO. He brings deep knowledge of the company, financial discipline, data-driven decision-making and solid continuity at an important moment. Let me also be very clear about something important. The overall strategy and our ambition for Bang & Olufsen remains unchanged. Our goal to strengthen our position as a global leader in luxury audio and to deliver sustainable, profitable growth stands firm and unchanged. In January 23, we set the strategic direction that we are now following, and last financial year was a transition year marked by investments and business optimization, leading us on a solid foundation to accelerate strategy execution. To underline our commitment, we defined mid-term financial ambitions for the three-year period spanning the 25-26 to 27-28 financial years. We're now six months into our three-year midterm plan. As we enter the next phase, the board believed it was ...