Bang & Olufsen AS 2022 AR2
The report highlights Bang & Olufsen's progress during the 2021/22 fiscal year, emphasizing its focus on product longevity and circularity. Notably, the company launched the world's first Cradle-to-Cradle certified consumer electronics device, the Beosound Level speaker. Additionally, Bang & Olufsen joined the Science Based Targets initiative (SBTi) to commit to science-based climate action across its value chain. Despite macroeconomic headwinds, the company achieved a 10% revenue growth in local currencies and improved its EBIT margin before special items to 1.8%.
Company: Bang & Olufsen AS
Sector: Consumer Discretionary
Country: Denmark
Year: 2022
Type: AR2
Pages: 145
Bang & Olufsen AS
Annual Report
The report highlights Bang & Olufsen's progress during the 2021/22 fiscal year, emphasizing its focus on product longevity and circularity. Notably, the company launched the world's first Cradle-to-Cradle certified consumer electronics device, the Beosound Level speaker. Additionally, Bang & Olufsen joined the Science Based Targets initiative (SBTi) to commit to science-based climate action across its value chain. Despite macroeconomic headwinds, the company achieved a 10% revenue growth in local currencies and improved its EBIT margin before special items to 1.8%.
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Document Details
Report Year
2022
Reporting Period
Jun 1, 2021 - May 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Energy Consumption
Women on Board
Women in Management
Employees