Interim report for the period 1 June 2009 - 28 February 2010 for Bang & Olufsen a/s

For the first three quarters of the 2009/10 financial year, the Group's
turnover totalled DKK 1,982 million against DKK 2,173 million for the same
period last year. Turnover for the third quarter totalled DKK 749 million
against DKK 640 million for the same period last year, corresponding to an
increase of 17 per cent. 

Result before tax was negative at DKK 72 million against a negative result of
DKK 415 million (incl. restructuring costs of DKK 105 million) for the same
period last year. Result before tax for the third quarter was positive at DKK
28 million against a negative result of DKK 205 million (incl. restructuring
costs of DKK 105 million) in the third quarter of 2008/09. 

The Group has reduced its capacity costs by DKK 421 million from DKK 1,267
million (incl. restructuring costs of DKK 105 million) for the same period last
year to DKK 846 million. 

During the third quarter, the Group saw the effects of a number of important
product launches, including BeoVision 10 and BeoVision 7-55, which have been
well received in the markets. As a consequence of the positive reception of
BeoVision 10-40, the Group has launched a 46 inch version of BeoVision 10 after
the end of the quarter. 

The majority of the Group's markets showed progress in the third quarter, and
the Group's three largest geographical markets, the UK, Germany and Denmark
reported growth in turnover of DKK 43 million equating to 23 per cent. 

The Automotive business area showed continuing progress in the third quarter in
that turnover totalled DKK 50 million against DKK 29 million for the same
period the year before. 

The Group maintained its rigorous cost controls through a number of structural
changes. This process is now opening up opportunities for further cost
reductions through the removal of around 70 positions. The adjustment will help
ensure the correct cost base in 2010/11 and thus a sound operations base going
forward. 

The Group has decided to expand the Board of Management to include Senior Vice
President Sales & Marketing Christian Winther and Senior Vice President
Operations John Bennett-Therkildsen. They will be joined by Henning Bejer Beck,
who has been appointed Chief Financial Officer with effect from 1 October 2010. 

Bang & Olufsen maintains the expectation that the 2009/10 financial year will
result in a turnover between DKK 2,700 and DKK 2,900 million (compared to the
2008/09 financial year of DKK 2,789.5 million). A result before tax in the
lower end of the previously announced range between DKK -50 and DKK 0 million
is expected (compared to the 2008/09 financial year of DKK -523 million). This
is, among others, owing to non-recurring expenditures in connection with the
restructuring costs. 

Jørgen Worning				Karl Kristian Hvidt Nielsen
Chairman				President & CEO		


For further information:
President & CEO Karl Kristian Hvidt Nielsen, tel.: +45 9684 5004.