Bang & Olufsen A/S 2021 AR2
The report outlines Bang & Olufsen's financial and operational performance for the 2020/21 fiscal year, highlighting its return to profitability with an EBIT margin before special items of 1.4%. The company completed the first phase of its turnaround strategy, launched 14 new products, and expanded its digital and eCommerce sales by over 70%. In terms of sustainability, Bang & Olufsen advanced its circular design efforts with the launch of Beosound Level, a modular speaker designed for longevity. Although the company achieved 8 of its 13 key CSR targets, challenges from the COVID-19 pandemic led to increased logistics emissions due to air freight and a rise in energy emissions at its aluminium factory.
Company: Bang & Olufsen A/S
Sector: Manufacturing
Country: Denmark
Year: 2021
Type: AR2
Pages: 136
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Bang & Olufsen A/S
Annual Report
The report outlines Bang & Olufsen's financial and operational performance for the 2020/21 fiscal year, highlighting its return to profitability with an EBIT margin before special items of 1.4%. The company completed the first phase of its turnaround strategy, launched 14 new products, and expanded its digital and eCommerce sales by over 70%. In terms of sustainability, Bang & Olufsen advanced its circular design efforts with the launch of Beosound Level, a modular speaker designed for longevity. Although the company achieved 8 of its 13 key CSR targets, challenges from the COVID-19 pandemic led to increased logistics emissions due to air freight and a rise in energy emissions at its aluminium factory.
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Document Details
Report Year
2021
Reporting Period
Jun 1, 2020 - May 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women in Management
Employees