Q1 2024 Bang & Olufsen A/S Earnings Call Transcript

Oct 11, 2023 / 08:00AM GMT

Release Date Price: kr9.44 (+9.39%)

Transcript

Operator

Hi, and welcome to this Bang & Olufsen's Conference Call for Q1 2023 (sic) [2023/24]. (Operator Instructions) This call is being recorded. Today, I'm pleased to present Kristian Tear and CFO Nikolaj Wendelboe. Speakers, please begin.

Kristian Tear;s;CEO;Member of the Executive Board

Bang & Olufsen a

/-&

Hello, everyone, and thank you for joining the call. With me today, as always, I have my CFO, Nikolaj Wendelboe, but I have also invited our Head of Strategy, Malene Brinkland Hansen. I will begin with the financial highlights for our first quarter, followed by an update on how we are progressing on our strategic priorities. I will also share some insights about our market and structural drivers to shed more light on our strategic direction. Nikolaj will take us through the financials in more detail, and I will conclude the presentation part before opening up for questions.

So if we move to the first slide. We are pleased with our performance in Q1. Despite the continued macroeconomic

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