Good progress in improving the numbers.

Hiort wrote:

Good progress in improving the numbers.

I guess it depends entirely on which numbers you look at.

"The revenue in the Bang & Olufsen business unit declined by 1 per cent"

BEOVOX141 wrote:

Hiort wrote:

Good progress in improving the numbers.

I guess it depends entirely on which numbers you look at.

"The revenue in the Bang & Olufsen business unit declined by 1 per cent"

 

Sure.

I was looking on the consolidated numbers.

Ebit have increased from 18 MDKK to 50 MDKK, and that is a good thing.

Revenue increased 10 % compared to 3rd quarter.

Play is evidently driving the business forward. As you say, B&O business is flat lining and according to what was said in the webcast it will continue to be that way until the transformation of the retail network has been completed.

This is good news. At the end of the day whether you are in the luxury business or the commodity business, the goal is to make money. B&O are proving that you can go from a high-touch and exotic luxury product line where you lose money, to a more realistic one where you produce and distribute at the lowest possible cost to a style-value consumer, and you can return a profit. Only then can you reward those people who have invested their hard-earned money, like Sparkle, the Bang and Olufsen trust-funders, and institutional investers in the company. BeoPlay, LG, HP, and Samsung/Harmon are proving that B&O is a brand, and product is a platform for it and a great place to plant the sticker.

As long as the relatively small investment in research and development, customer service, internet chat boards, celebrity employees, and software repair is more than covered by producing in areas with low labor and utilizing modular products, the true customers of B&O will finally benefit. 

Remember, a poodle without a haircut is just a dog. 

At what price your soul?

Puncher wrote:

At what price your soul?

1. "Each man has his price, Bob, and yours was pretty low." Roger Waters (Amused to Death)

2. Denmark is 80% non-religious so the concept of soul, real or metaphorically, is probably irrelevant. 

poodleboy wrote:

Puncher wrote:

At what price your soul?

1. "Each man has his price, Bob, and yours was pretty low." Roger Waters (Amused to Death)

2. Denmark is 80% non-religious so the concept of soul, real or metaphorically, is probably irrelevant. 

 

Fair point, I'll substitute Integrity for soul. 

For me, the key numbers are "Cash Flow" and "Available Free Cash"

Most company's fail due to the fact they run out of cash even with rising revenues

poodleboy wrote:

2. Denmark is 80% non-religious so the concept of soul, real or metaphorically, is probably irrelevant. 

That might just be filed under the fake news segment!  Despite having a choice 75,9 % of the Danish population contributes to the Protestant Lutheran Church every year.