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