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Bang & Olufsen Operations A/S

Public limited companyCVR 26035406StruerActive

Bang & Olufsen Operations A/S is a public limited company, based in Struer, active in manufacture of consumer electronics, founded in 2001. Net profit rose 436% from 2024 to 2025, ending at DKK 257.1m. Measured by gross profit, it ranks no. 2 of 42 companies in the industry in the database. Operations are spread over 6 production units.

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Key figures · financial year 2025

RevenueDKK 1.8bn+2.1% vs. 2024
Net profitDKK 257.1m+435.6% vs. 2024
EquityDKK 660.6m+9.4% vs. 2024
Employees394latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 8% (2024 → 2025), to DKK 423.2m.
  • Revenue rose 2% (2024 → 2025), to DKK 1.8bn.
  • Net profit rose 436% (2024 → 2025), to DKK 257.1m.
  • Equity rose 9% (2024 → 2025), to DKK 660.6m.

Employees

  • 43 more employees than a year earlier: 394 (07/2026) against 351 (07/2025).

Management and owners, last 24 months

  • New in management: Heidi Winkler (board member, 01/07/2025), Heidi Winkler (ceo, 15/05/2026) and Mikkel Staun Jørgensen (board member, 15/05/2026).
  • Stepped down: Line Køhler Ljungdahl (board member, 15/05/2026), Line Køhler Ljungdahl (ceo, 15/05/2026) and Jesper Hejselbæk (board member, 01/07/2025).

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2020–2025 · amounts in DKK thousand

Equity and net profit

−DKK 200mDKK 0DKK 200mDKK 400mDKK 600mDKK 800mDKK 1bnDKK 1.2bnDKK 1.4bn202020212022202320242025
EquityNet profit
Financial figures for Bang & Olufsen Operations A/S
202020212022202320242025Change
Revenue932,3001,624,9001,929,1001,690,3001,756,0001,793,200+2.1%
Gross profit234,200357,800321,700329,300461,700423,200−8.3%
Operating profit (EBIT)67,700141,200123,300141,100174,800177,800+1.7%
Profit before tax−10,500235,900251,100204,10097,600292,100+199.3%
Net profit−73,500200,700223,300175,20048,000257,100+435.6%
Total assets1,342,9001,738,6001,253,5001,451,9001,278,5001,454,500+13.8%
Equity1,138,8001,347,500774,900953,000603,700660,600+9.4%
Liabilities––478,600498,900674,800793,900+17.6%
Cash and cash equivalents–00152,00040,800100−99.8%
Average number of employees–275346312298311+4.4%

Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report.

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 100mDKK 200mDKK 300mDKK 400mDKK 500m202020212022202320242025
Gross profitMedian, the industry (42 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five latest annual reports in a row.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

6 financial years
Annual reports for Bang & Olufsen Operations A/S
Financial yearPeriodPublishedFigures forDocuments
202501/06/2024 – 31/05/202509/12/2025The companyPDF not statedXBRL
202401/06/2023 – 31/05/202409/12/2024The companyPDFXBRL
202301/06/2022 – 31/05/202314/11/2023The companyPDF not statedXBRL
202201/06/2021 – 31/05/202215/11/2022The companyPDF not statedXBRL
202101/06/2020 – 31/05/202108/11/2021The companyPDFXBRL
202001/06/2019 – 31/05/202004/11/2020The companyPDFXBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR
05010015020025030035040008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

42 companies in the database

Comparison with the other companies in manufacture of consumer electronics based on the latest financial year.

Gross profitDKK 423.2mNo. 2 of 42
Better than 98% of the companies in the industry
EquityDKK 660.6mNo. 2 of 42
Better than 98% of the companies in the industry
Number of employees394No. 2 of 42
Better than 98% of the companies in the industry

Industry median: gross profit DKK 3.2m, net profit DKK 108k, equity DKK 3.3m, 4 employees.

DKK 249kDKK 2.9mDKK 34.3mDKK 402.1mDKK 2.1bnHere
Distribution of gross profit for 34 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with 200–499 employees796 companies in the comparison
No. 74of 763
Better than 90%
No. 91of 796
Better than 89%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 130of 24,791
Better than 99%
No. 301of 24,909
Better than 99%
All companies of type A/S18,025 companies in the comparison
No. 348of 17,786
Better than 98%
No. 567of 18,024
Better than 97%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Manufacture of consumer electronics
Gross profit
  1. Bang & Olufsen Operations A/SDKK 423.2m
  2. GN Hearing A/SDKK 4.7bn
  3. Dpa Microphones A/SDKK 220.2m
Net profit
  1. Bang & Olufsen Operations A/SDKK 257.1m
  2. GN Hearing A/SDKK 971m
  3. Dpa Microphones A/SDKK 31.9m
Equity
  1. Bang & Olufsen Operations A/SDKK 660.6m
  2. GN Hearing A/SDKK 17.1bn
  3. Dpa Microphones A/SDKK 271.5m
Employees
  1. Bang & Olufsen Operations A/S394
  2. GN Hearing A/S1,365
  3. Dpa Microphones A/S185

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
Bang & Olufsen Operations A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

4 active registrations

Executive management

Executive management at Bang & Olufsen Operations A/S
NameRoleAppointed
Heidi WinklerCEO15/05/2026

Board of directors

Board of directors at Bang & Olufsen Operations A/S
NameRoleAppointed
Nikolaj WendelboeChair of the board28/10/2019
Heidi WinklerBoard member01/07/2025
Mikkel Staun JørgensenBoard member15/05/2026
Founders
Bang & Olufsen A/S
Former management (34)
Former management at Bang & Olufsen Operations A/S
NameRoleAppointedResigned
Torben Ballegaard SørensenBoard member09/05/200110/01/2008
Karsten Okholm LarsenBoard member09/05/200101/09/2002
Peter Degnboel ThostrupChair of the board09/05/200130/09/2008
Kim Hyldahl HansenBoard member11/01/200818/05/2009
Karl Kristian NielsenChair of the board01/10/200818/05/2009
Peter Skak OlufsenBoard member18/05/200923/09/2011
Jørgen WorningChair of the board18/05/200918/10/2010
Thorleif KrarupBoard member18/05/200918/09/2009
Lars BrorsenDeputy chair18/05/200918/09/2009
Knud OlesenBoard member18/05/200923/09/2011
Jesper OlesenBoard member18/05/200923/09/2011
Anette Revsgaard SejbjergBoard member18/05/200923/09/2011
Karl Kristian NielsenCEO01/05/201028/02/2011
Christian WintherDirector01/05/201023/09/2011
Henning Bejer BeckChief financial officer01/10/201023/09/2011
Rolf EriksenBoard member18/10/201023/09/2011
Niels Bjørn ChristiansenDeputy chair18/10/201023/09/2011
Brian PetersenChair of the board18/10/201014/12/2010
Ole AndersenChair of the board14/12/201023/09/2011
Tue MantoniDirector01/03/201123/09/2011
Jesper JarlbækBoard member10/03/201123/09/2011
Alberto TorresBoard member10/03/201123/09/2011
Tue MantoniChair of the board23/09/201101/07/2016
John Christian Bennett-TherkildsenBoard member23/09/201131/07/2013
John Christian Bennett-TherkildsenCEO23/09/201131/07/2013
Henning Bejer BeckBoard member23/09/201101/08/2014
Folkert Bouwe BölgerBoard member31/07/201306/03/2017
Folkert Bouwe BölgerCEO31/07/201306/03/2017
Anders Aakær JensenBoard member01/08/201401/11/2018
Henrik ClausenChair of the board01/07/201628/10/2019
Line Køhler LjungdahlBoard member06/03/201715/05/2026
Line Køhler LjungdahlCEO06/03/201715/05/2026
John MollangerBoard member01/11/201817/12/2019
Jesper HejselbækBoard member17/12/201901/07/2025

Signing rule: Selskabet tegnes af et bestyrelsesmedlem sammen med en direktør eller af to bestyrelsesmedlemmer i forening.

Address and production units

6 active production units

Bang og Olufsen Allé 1
7600 Struer

Struer Municipality · Postcode 7600

Other companies at the address (3)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
BANG & OLUFSEN OPERATIONS A/S (Fabrik 5)Bang og Olufsen Allé 3, 7600 Struer1941022997099
BANG & OLUFSEN OPERATIONS A/S(Fabrik 4)Bang og Olufsen Allé 1, 7600 Struer781002956003
BANG & OLUFSEN OPERATIONS A/S (Fabrik 3,7,8)Hjermvej 21, 7600 Struer611024248255
BANG & OLUFSEN OPERATIONS A/S - LyngbyGammel Lundtoftevej 1B, 2800 Kongens Lyngby531023946110
BANG & OLUFSEN OPERATIONS A/S - Lyngby 2Gammel Lundtoftevej 7, 2800 Kongens Lyngby41024401177
BANG & OLUFSEN OPERATIONS A/S (Fabrik 11)Bang og Olufsen Allé 5, 7600 Struer01021481455

Purpose

Selskabets formål er at udøve handels-, industri-, udviklings-, holding- og investeringsvirksomhed. Selskabet kan endvidere udøve anden virksomhed, der efter bestyrelsens skøn måtte være formålstjenlig.

The purpose is quoted from the register in Danish.

Changes year by year

89 registered events
20264 changesmanagement 4
  • Mikkel Staun Jørgensen appointed board member
  • Heidi Winkler appointed ceo
  • Line Køhler Ljungdahl stepped down as ceo
  • Line Køhler Ljungdahl stepped down as board member
20253 changesaccounts 1 · management 2
  • Annual report for 2025 published
  • Heidi Winkler appointed board member
  • Jesper Hejselbæk stepped down as board member
20241 changeaccounts 1
  • Annual report for 2024 published
20231 changeaccounts 1
  • Annual report for 2023 published
20221 changeaccounts 1
  • Annual report for 2022 published
20212 changesaccounts 1 · merger 1
  • Annual report for 2021 published
  • Merger registered in CVR
20201 changeaccounts 1
  • Annual report for 2020 published
20194 changesmanagement 4
  • Jesper Hejselbæk appointed board member
  • John Mollanger stepped down as board member
  • Nikolaj Wendelboe appointed chair of the board
  • Henrik Clausen stepped down as chair of the board
20184 changesaddress 2 · management 2
  • Moved to Bang og Olufsen Allé 1, 7600 Struer
  • Moved to Bang og Olufsen Allé 1, 7600 Struer
  • John Mollanger appointed board member
  • Anders Aakær Jensen stepped down as board member
20174 changesmanagement 4
  • Line Køhler Ljungdahl appointed ceo
  • Line Køhler Ljungdahl appointed board member
  • Folkert Bouwe Bölger stepped down as ceo
  • Folkert Bouwe Bölger stepped down as board member
20162 changesmanagement 2
  • Henrik Clausen appointed chair of the board
  • Tue Mantoni stepped down as chair of the board
20142 changesmanagement 2
  • Anders Aakær Jensen appointed board member
  • Henning Bejer Beck stepped down as board member
20134 changesmanagement 4
  • Folkert Bouwe Bölger appointed ceo
  • Folkert Bouwe Bölger appointed board member
  • John Christian Bennett-Therkildsen stepped down as board member
  • John Christian Bennett-Therkildsen stepped down as ceo
201120 changesmanagement 20
  • John Christian Bennett-Therkildsen appointed board member
  • Henning Bejer Beck appointed board member
  • John Christian Bennett-Therkildsen appointed ceo
  • Tue Mantoni appointed chair of the board
  • Alberto Torres stepped down as board member
  • Jesper Jarlbæk stepped down as board member
  • Tue Mantoni stepped down as director
  • Ole Andersen stepped down as chair of the board
  • Niels Bjørn Christiansen stepped down as deputy chair
  • Rolf Eriksen stepped down as board member
  • Henning Bejer Beck stepped down as chief financial officer
  • Christian Winther stepped down as director
  • Anette Revsgaard Sejbjerg stepped down as board member
  • Jesper Olesen stepped down as board member
  • Knud Olesen stepped down as board member
  • Peter Skak Olufsen stepped down as board member
  • Alberto Torres appointed board member
  • Jesper Jarlbæk appointed board member
  • Tue Mantoni appointed director
  • Karl Kristian Nielsen stepped down as ceo
20109 changesmanagement 9
  • Ole Andersen appointed chair of the board
  • Brian Petersen stepped down as chair of the board
  • Brian Petersen appointed chair of the board
  • Niels Bjørn Christiansen appointed deputy chair
  • Rolf Eriksen appointed board member
  • Jørgen Worning stepped down as chair of the board
  • Henning Bejer Beck appointed chief financial officer
  • Christian Winther appointed director
  • Karl Kristian Nielsen appointed ceo
200912 changesmanagement 11 · capital 1
  • Lars Brorsen stepped down as deputy chair
  • Thorleif Krarup stepped down as board member
  • Jørgen Worning appointed chair of the board
  • Anette Revsgaard Sejbjerg appointed board member
  • Jesper Olesen appointed board member
  • Knud Olesen appointed board member
  • Lars Brorsen appointed deputy chair
  • Thorleif Krarup appointed board member
  • Peter Skak Olufsen appointed board member
  • Karl Kristian Nielsen stepped down as chair of the board
  • Kim Hyldahl Hansen stepped down as board member
  • Share capital changed from 155,000,000 DKK to 156,000,000 DKK
20085 changesmanagement 4 · industry 1
  • Karl Kristian Nielsen appointed chair of the board
  • Peter Degnboel Thostrup stepped down as chair of the board
  • Kim Hyldahl Hansen appointed board member
  • Torben Ballegaard Sørensen stepped down as board member
  • Industry changed to Manufacture of consumer electronics (264000)
20051 changecapital 1
  • Share capital changed from 150,500,000 DKK to 155,000,000 DKK
20021 changemanagement 1
  • Karsten Okholm Larsen stepped down as board member
20018 changescapital 2 · industry 1 · founded 1 · management 3 · ownership 1
  • Share capital changed from 150,000,000 DKK to 150,500,000 DKK
  • Share capital changed from 500,000 DKK to 150,000,000 DKK
  • Industry changed to Fremstilling af radioer, fjernsyn mv. (323010)
  • Registered as BANG & OLUFSEN OPERATIONS A/S
  • Karsten Okholm Larsen appointed board member
  • Peter Degnboel Thostrup appointed chair of the board
  • Torben Ballegaard Sørensen appointed board member
  • BANG & OLUFSEN A/S registered as owner (100%)

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Same people in management

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Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 23/10/2026.

View in CVRReport a correction