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Circulation plunges at B&O - but they still earn money

Turnover has declined by nine percent in the latest quarterly results from the B&O, but the company manages nevertheless to land a profit.

on Tuesday presented the Struer-the company figures, which reveal that turnover has fallen from 999 million to 909 million, when compared with the same quarter the year before.

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the Turnover also falling by five percent when comparing the figures for the current financial year, forward to now and the same period last year.

It will not, however, company boss Henrik Clausen to lose faith in B&O do it right.

We are sure that we have chosen the right strategy, he says in connection with financial reporting.

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Henrik Clausen from the B&O has plenty of tasks he must solve. Photo: Casper Holmenlund Christensen

the Explanation for the declining revenue are, among other things, that B&O has not had proper control of its sales channels and at the same time is in full swing to restructure the business.

Despite the problems, still managed the company to increase its operating profit (profit before interest and tax) in the latest quarter to 89.8 million against 82,7 million in the same quarter last year. It is, among other things, to limit the company's costs significantly.

the Outlook for the financial statements remains, however, that the turnover does not increase with the 10 percent in the year, as the B&O had placed its shareholders in view. Revenue lands instead at the level of the financial statements for the last year.

And the problems have already cost just the shareholders expensive, since there were cut two billion dollars of the company's value, after it at the end of last month told that the development is going the wrong way.

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