Bang & Olufsen expects double-digit sales growth in 2021/22
2:49 am Wednesday, July 07th, 2021
COPENHAGEN (Reuters) – Danish TV and stereo maker Bang & Olufsen on Wednesday said it expects double-digit revenue growth in the 2021/22 financial year as it reported fourth-quarter sales in line with preliminary figures released earlier this month.
Bang & Olufsen, whose most expensive speakers cost $95,000, said its fourth-quarter revenue rose to 776 million Danish crowns ($123.43 million) up from 377 million crowns in the year-ago period.
($1 = 6.2868 Danish crowns)
(Reporting by Tim Barsoe, editing by Louise Heavens)
