Bang on! Danish icon B&O turns in a strong second quarter – The Post

Bang on! Danish icon B&O turns in a strong second quarter

Things appear to be headed in the right direction for the electronics giant

B&O has been at it for a long, long time (photo: Theredmonkey)
January 13th, 2017 2:47 pm| by Ray W
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Danish electronics and TV firm Bang & Olufsen (B&O) achieved a profit before tax in the second quarter of its 2016-17 financial year.

The  Struer-based company  achieved a before tax profit of 31 million kroner. During the same period lat year, B&O posted a loss of 23 million kroner.

Rebounding
Overall, turnover increased by 19 percent from 729 million kroner to 867 million kroner.

Both the company’s high-end and lower-priced ‘Play’ division showed growth, and the company expects overall growth for the entire year of between 10 and 15 percent.