BANG & OLUFSEN A/S — Credit Rating and Financial Key Figures

CVR number: 41257911
Bang og Olufsen Allé 1, 7600 Struer
tel: 96841144

Credit rating

Company information

Official name
BANG & OLUFSEN A/S
Personnel
395 persons
Established
1925
Company form
Limited company
Industry
  • Expand more icon721000

About BANG & OLUFSEN A/S

BANG & OLUFSEN A/S (CVR number: 41257911K) is a company from STRUER. The company reported a net sales of 2588 mDKK in 2023, demonstrating a decline of -6 % compared to the previous year. The operating profit percentage was at 0.7 % (EBIT: 18 mDKK), while net earnings were -17 mDKK. The profitability of the company measured by Return on Assets (ROA) was 2.9 %, which can be considered weak but Return on Equity (ROE) was -1.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 41.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. BANG & OLUFSEN A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales2 036.002 629.002 948.002 752.002 588.00
Gross profit838.001 139.001 336.001 215.001 379.00
EBIT- 347.0019.0046.00- 124.0018.00
Net earnings- 576.00-23.00-30.00- 141.00-17.00
Shareholders equity total832.001 133.001 100.00958.00956.00
Balance sheet total (assets)1 776.002 276.002 518.002 385.002 297.00
Net debt- 211.00- 599.00- 565.00- 599.00- 555.00
Profitability
EBIT-%-17.0 %0.7 %1.6 %-4.5 %0.7 %
ROA-16.0 %1.2 %2.4 %-3.9 %2.9 %
ROE-51.2 %-2.3 %-2.7 %-13.7 %-1.8 %
ROI-24.3 %1.9 %4.1 %-7.3 %5.4 %
Economic value added (EVA)- 291.65-17.016.83- 139.95-3.90
Solvency
Equity ratio46.8 %49.8 %43.7 %40.2 %41.6 %
Gearing0.5 %1.2 %1.1 %1.1 %1.0 %
Relative net indebtedness %35.8 %20.2 %28.5 %29.7 %30.0 %
Liquidity
Quick ratio1.01.41.00.90.9
Current ratio1.81.81.51.31.3
Cash and cash equivalents215.00613.00577.00610.00565.00
Capital use efficiency
Trade debtors turnover (days)52.060.849.245.243.6
Net working capital %23.6 %9.6 %5.3 %-1.6 %-2.3 %
Credit risk
Credit ratingBBBAAAA

Variable visualization

ROA:2.90%
Rating: 35/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:41.6%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chief executive officer
Board member
Chairman of the board
Chief executive officer
Board member
Board member

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