Core Insights - Bang & Olufsen celebrated its 100th anniversary in Q2 2025/26 with global events and brand campaigns, despite a slight revenue decline [1][2] - The company reported a 1.2% decline in group revenue in local currencies, while branded channels experienced a growth of 5.4% [1][6] - Gross margin improved to 57.9%, up from 53.7% the previous year, with record-high margins in product sales [1][6] Financial Highlights - Reported revenue decreased by 3.2% year-on-year to DKK 676 million, with a local currency decline of 1.2% [6] - EBITDA before special items was DKK 26 million, with an EBITDA margin of 3.8% [6] - EBIT before special items was DKK -36 million, resulting in an EBIT margin of -5.3% [6] Business Highlights - Like-for-like sell-out increased by 7%, with branded channels growing by 8% [6] - New product launches included the Beo Grace earpieces and Beosound Premiere soundbar, expected to drive revenue growth in the second half of the financial year [2][6] - The company opened new flagship stores in Paris and San Francisco, enhancing its retail presence [6]