The Group's turnover for the 2009/10 financial year totalled DKK 2,762 million
against DKK 2,790 million last year. Turnover for the fourth quarter was DKK
779 million against DKK 617 million for the same period last year. This
corresponds to an increase of 26 per cent. 

The result before tax for the 2009/10 financial year was negative at DKK 50
million against a negative result of DKK 523 million last year. The result
before tax for the fourth quarter was positive at DKK 22 million against a
negative result of DKK 108 million for the fourth quarter of 2008/09. 

The Group has reduced its capacity costs by DKK 465 million from DKK 1,602
million last year to DKK 1,137 million. The Group has, however, maintained a
high activity level in the development department in order to secure growth
going forward. 

The Group's gross margin for the 2009/10 financial year was 39.5 per cent,
which is on a par with last year's gross margin. 

Sales growth in the second half year was primarily driven by a number of
important product launches. 35 per cent of the Group's sales within the audio
and video business therefore derived from new products, with “new” defined as
sales in the first 12 months after the launch. 

The majority of the Group's markets showed progress in the fourth quarter and
the Group's two largest markets, Germany and Denmark, reported turnover growth
of DKK 34 million, equating to 27 per cent. 

Automotive showed continued growth in the 2009/10 financial year, i.e. a
turnover of DKK 268 million against DKK 174 million last year. In the fourth
quarter, Automotive achieved a turnover of DKK 101 million against DKK 41
million for the same period last year. 

Based on a continuing high activity level within product development and an
increased marketing effort, Bang & Olufsen expects that the 2010/11 financial
year as a whole will result in a positive development in the turnover and a
positive result before tax based on a gross margin not deviating significantly
from the level achieved in the 2009/10 financial year. 

The group expects that the turnover in the first quarter of the 2010/11
financial year will be at the same level as the previous year. 



Jørgen Worning			Karl Kristian Hvidt Nielsen
Chairman			President & CEO						


Enquiries about this statement can be addressed to:
President & CEO Karl Kristian Hvidt Nielsen, tel: +45 9684 5000.