Struer, 8 October 2007 Interim report for the period 1 June - 31 August 2007 for Bang & Olufsen a/s Group turnover totalled DKK 926 million against DKK 876 million last year, equating to an increase of 6 per cent. Last year's turnover included Medicom at DKK 32 million. Turnover for the branded business was DKK 908 million against DKK 833 million last year, i.e. an increase of DKK 75 million or 9 per cent. Result before tax amounted to DKK 56 million against DKK 58 million for the same period last year as the net effect of capitalisation impacted negatively on the result by DKK 16 million. In the first quarter, which is not usually indicative of the year as a whole, the Danish market showed a 5 per cent growth in turnover. The UK market recorded 2 per cent growth while the German market saw a fall of 10 per cent. Double digit growth rates were achieved in Asia, the US, Middle East, Expansion, Enterprise, France and Spain. The first quarter of 2007/08 saw the launch of BeoVision 7-40 in the US version. DVD2, a new multi-functional DVD machine, and BeoVision 8 in 32 inch format were also launched. The first quarter proceeded as expected. Expectations are maintained for 8 per cent growth in turnover and a result before tax of DKK 540-570 million for the 2007/08 financial year. Jørgen Worning Torben Ballegaard Sørensen Chairman President, CEO For further information: President, CEO, Torben Ballegaard Sørensen, phone: +45 9684 5000.
Interim report for the period 1 June - 31 August 2007 for Bang & Olufsen a/s
| Source: Bang & Olufsen A/S