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Bang & Olufsen sees 2006/2007 pretax of 460-500 mln dkr,FY below forecast UPDATE.
(From AFX Europe (Focus))
(Updating with declining gross margin in Q4, maintained long-term goal)
COPENHAGEN (AFX) - Bang & Olufsen AS said it forecasts a pretax profit of 460-500 mln dkr for the full-year to May 31, 2007, with sales expected to grow by 8-10 pct from the 4.225 bln dkr posted for the year just ended.
The consensus as compiled by RB-Boersen had been for sales of 4.129 bln dkr.
Pretax profits for the full-year 2005/2006 came in at 431 mln dkr, up from 380 mln dkr the year before, but below the market consensus of 454 mln dkr.
The operating profit was 439 mln dkr against 372 mln dkr, and also fell below the consensus …
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