Bang & Olufsen a/s (0MRM) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Bang and Olufsen's Interim Report for the Third Quarter of twenty twenty five-twenty six. Today's call is being recorded. If you have any objections, please disconnect at this time. All participants will be in a listen only mode throughout the presentation, and afterwards there will be a question and answer session. I would now like to introduce CFO and Interim CEO, Nikolay Venelbaud. Nikolay, please begin. Hello, everyone, and thank you for joining today's webcast. I will start by taking you through the highlights of the third quarter and give an overview of the commercial developments across the business. I'll then walk through the financial performance for the quarter as well as our updated outlook for the year before we open the line for questions. Now please move to Slide three. On March 23, we published preliminary Q3 figures and adjusted the outlook for the financial year twenty twenty five-twenty twenty six due to lower than expected Q3 sales and the expected impact from increased geopolitical tension and economic uncertainty the remainder of the financial year. We also withdrew our midterm financial ambitions towards twenty seventwenty eight. I'll come back to the outlook details later in the presentation. Despite positive like for like seller growth across the group supported by continued strong performance in our branded channels and in win cities, revenue came in lower than expected in Q3. This was due to a significantly lower than anticipated performance of our newly launched Soundbar, BioSound Premier. As we stated in March, we are in the process of strengthening our commercial operating model specifically the coordination between marketing investments, retail execution and product launches. This is not only a near term priority. We believe t...