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Bang & Olufsen sells audio systems subsidiary

Lucie Rychla
April 7th, 2016


This article is more than 8 years old.

Negotiations with potential new investor from Hong Kong are still ongoing

B&O has increased its revenue projections for the fiscal year 2015-2016 (photo: Jimmy Baikovicius)

The Danish consumer electronics company Bang & Olufsen has sold ICEpower, its subsidiary that develops and manufactures amplifiers for high-performing audio systems.

According to B&O’s financial report for the third quarter of the 2015/2016 fiscal year, the company has sold shares in ICEpower worth 32 million kroner in what was a management buyout.

It has been agreed that ICEpower will continue supplying sound systems both to consumers and professionals, including B&O.

Potential Chinese suitor
The quarterly report has also revealed that B&O continues a dialogue with potential Chinese suitor Sparkle Roll, and that the company has raised its 2015/2016 revenue guidance from 8-12 percent to 12-15 percent because its B&O Play brand performed better than expected.

Bang and Olufsen reported Q3 revenue of 703 million kroner, which is an 8 percent increase compared to the same period the year before.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”