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Long time ago B&O was a leading pioneer in design and tech research. This ended during the early 2000s; now they are selling overpriced luxury objects with a baraque and questionable design (to be rude, many products seem to be designed for Saudi Arabian market) and a medium level technology.
It's no surprise to me that the company does not have good health.
This is sad news. The world is changing fast. My wife and I took our uses stroll through London shops last Friday to find that the Alessi flagship store we've visited for years is closing then to Selfridges where we looked at B&O. There were discounts on many of the items, before Christmas. Then you realise there aren't many TVs to chose from in the range. And you can get B&O as a branding of the audio on Ford cars.
The business is healthy, they still expect to earn money, they just dont get a 10% raise of the revenue. But they still expect to earn the same % of revenue.
So not close to bankrupted
And Velvet I do not agree with you. BEOLAB 50 and 90, and BEOVISION ECLIPSE is some or the most advance products in their category.
And they have branding with new car brands as Bentley and Lamborghini.
Needs a subscription Moxxey. Can you cut and paste it.
Odd. I'm not subscribed and I could read the entire article? Here you go...
Danish headphone and speaker maker Bang & Olufsen lost more than a quarter of its value on Thursday after it cut its sales outlook for the year, blaming a string of logistical problems.
B&O’s shares fell 27 per cent in early trading in Copenhagen, as investor anxiety was stoked by the company’s 10 percentage point downward revision of its sales growth expectations for the year.
B&O said late on Wednesday that sales in the second quarter were expected to fall 9 per cent compared to the same period last year. It now anticipates full-year sales to be flat compared to last year; previously it reckoned there would be a rise of “above 10 per cent.”
Logistical problems associated with the closure of poorly performing stores, the opening of new outlets and supplier changes drove the fall and would also impact the third quarter, the company said. Recommended Lex: premium commentary Bang & Olufsen: sound and fury
A key priority “is the transformation of our sales and distribution network,” said chief executive Henrik Clausen. “However, there is a time-lag effect as we close down a number of existing points-of-sale and establish new ones, which has impacted sales. Adding to that, issues with our new logistics partner meant delays in fulfilling customer orders in November.”
The move to a more direct distribution model also hit sales globally, while a change of distributor in Australia and New Zealand impacted sales in Asia.
However, B&O said its earnings before tax and interest margin for the year was unchanged and its share buyback programme would continue.
Whether the article is interesting is open to question. As a subscriber I've read it.
I think you're misreading the use of 'interesting' in this context. The article isn't interesting, I'm saying that the 27% drop and the current situation is...interesting.
Lately, I've been scratching my head trying to understand what's happening at B&O. Plagued with software issues, they discontinue the Moment as soon as they finally perfect the software. There is no longer tech support in North America. The BeoIntegration site has been stagnant all year. The new gateway seems to be ignored by B&O itself. Khimo has told me that they actually WANTED to keep an ML socket in the new gateway, but B&O wasn't onboard. Instead, a workaround solution is suggested with an NL/ML Converter that isn't even in production anymore. The video development team is now gone. More and more stores keep closing. It just seems like B&O has some lack of direction and cohesion.
Long time ago B&O was a leading pioneer in design and tech research. This ended during the early 2000s; now they are selling overpriced luxury objects with a baraque and questionable design (to be rude, many products seem to be designed for Saudi Arabian market) and a medium level technology.
Er, just to check - you have heard of the Beolab 90s haven't you?
Long time ago B&O was a leading pioneer in design and tech research. This ended during the early 2000s; now they are selling overpriced luxury objects with a baraque and questionable design (to be rude, many products seem to be designed for Saudi Arabian market) and a medium level technology.
Er, just to check - you have heard of the Beolab 90s haven't you?
You have to finish the design before you release the products in the marked. I have a list of at least 9 still missing functions and features on my BL50. I gues this apply for the BL90 as well after more than 3 years in the marked. I had to threat the dealer with a lawsuit to get my right. They will be returned And the sale is completely lost for ever.
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