Bang & Olufsen a/s (0MRM) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to this Arnhem Olufsen annual report 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 Interim CEO and CFO, Nicolas Levenebo. Nikolai, you may now begin. Hello everyone and thank you for joining today's webcast. I will start by taking you through the highlights of the past year and provide an overview of the developments across the business. I will then walk through the financial performance with focus on the fourth quarter as well as our outlook for the coming year before we open the line up for questions. Please move to Slide three. Let us begin by looking at our full year performance and how the financial year progressed. In twenty twenty five-twenty twenty six we continued to drive transformation improving our retail network and operating model while adapting to a challenging macroeconomic environment. The financial year twenty five-twenty six marked our centenary, a proud milestone celebrating our legacy and century long commitment to sound, design and craftsmanship while shaping the future as a global leader in luxury audio. We delivered another record high gross margin and the highest gross profit in eight years and we advanced in key strategic initiatives. During the first half of the year, we launched three product innovations. The earpieces, Bill Grace showcased Bang and Olufsen at its best and a strong commercial performance that validated market demand. In parallel, the introduction of the readout program reinforced our dealership and circular design and sold out monthly drops confirmed strong client interest. In ...