Denmark's Bang & Olufsen audio sales decline

Denmark advanced manufacturing luxury of Bang & Olufsen stereo, in the first quarter sales decline at a loss.

Bang & Olufsen's pre-tax loss of 6, 7, 8, 58,000,000 Danish kroner (about 10,700,000 U.S. dollars), over the same period last year, a surplus of 56,000,000 Danish kroner (about 10,300,000 U.S. dollars), the stock fell to 5-year low.

Bang & Olufsen's biggest market, sales in the United Kingdom, Denmark and Germany, 3 of the region to reduce the amount of sales 100,000,000 4,000,000 Danish kroner (about 19,000,000 U.S. dollars), the total amount from the sale of 900,000,000 26,000,000 Danish kroner (about 100,000,000 70,000,000 U.S. dollars) to reduce the 700,000,000 57,000,000 Danish kroner (about 100,000,000 40,000,000 U.S. dollars).

Although Bang & Olufsen's first quarter sales performance is not important, but the amount dropped 18%, indicating the future trend is not optimistic. Bang & Olufsen TV's most expensive priced at 30,000 U.S. dollars in the wave of global economic recession, hit by the most powerful.
Bang & Olufsen that the company's sales in the next fiscal year will be very difficult, probably the fastest in the second half of next year, asked the city of new products that the situation was improved.

Bang & Olufsen in Russia's 42 percent sales growth, is the best-performing region.

Bang & Olufsen in the first quarter of the company closed 10 stores and is expected to close in the future will be more store sales.