Bang & Olufsen reports strong start despite tough trading conditions

BANG & Olufsen (B&O) Ireland has reported an extremely strong start to its new financial year despite what it calls a tough market.

This news came as the B&O corporate group forecast lower annual profit and sales globally for the third time this year because of weaker orders for its luxury consumer electronics and costs to settle legal disputes.

However, managing director of the Irish B&O franchise, B&C Audio Visual, Billy Peat, said the company has made an extremely strong start to the new financial year, with record numbers of big ticket installations on its books.