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Article: Jyske Bank maintains "accumulate" on B&O after FY report.
- Article from:
- Nordic Business Report
- Article date:
- August 12, 2009
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NORDIC BUSINESS REPORT-12 August 2009-Jyske Bank maintains "accumulate" on B&O after FY report(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com
12 August 2009 - Jyske Bank maintained its "accumulate" recommendation on the stock in Danish Bang & Olufsen A/S (CPH: BO B), or B&O, after the high-end audiovisual equipment maker yesterday posted figures for the fiscal 2008/09, ended on 31 May.
"The company took advantage of the release of its accounts to downgrade its sales outlook for the fiscal 2009/10 slightly while the forecast for a zero pre-tax profit was maintained. In addition, the company's sales at DKK2.79bn for 2008/09 were slightly disappointing," ...