Bang & Olufsen shares drop sharply after CEO firing

By Wednesday afternoon at 17:00, Bang & Olufsen’s stock fell by nearly 12.5%. The company announced in a stock exchange release that Kristian Teär, CEO since 2019, was dismissed immediately. Additionally, Bang & Olufsen revised its revenue growth expectations for the current fiscal year from 1-8% to 1-5%. In the first half of its fiscal […]