- Recent product launches over the past 12 months and COVID-19 tailwinds have resulted in a 10.5% YoY revenue growth in 2020/2021 Q2.
- Improved DKK 2.3-2.5bn full year revenue guidance (previously DKK 2.2bn) and an in the green profit announcement has propelled the stock by 68% in 4 months.
- Inventory amounts appear to have returned to stable levels that once wreaked havoc on growth; new distribution agreements will help to prevent a repeat blockage.
- No immediate signs of BGOUF driving growth through CAPEX; instead, the firm is focusing on building a robust luxury lifestyle company after a series of restructurings before scaling up.
For further details see:
Bang & Olufsen's Turntable Is Turning In The Right Direction