Bang & Olufsen released their yearly earnings report yesterday and it shows that the Danish consumer electronics manufacturer is back on track. B&O announced both revenue and earnings growth in the first year with new CEO, Tue Mantoni. Next year, Bang & Olufsen expects double digit growth.<br /><br /><h3>B&O is back on track</h3>Danish Bang & Olufsen is still working to get back on top, and the work has begun to bear fruit. In 2011/2012 B&O recorded pre-tax earnings of 104 million DKK on revenue of 3,008 million DKK. This can be compared to pre-tax earnings of 40 million DKK on revenue of 2,867 million DKK last year.<br /><br /><p align=center><a id="thumb" href="pictures/tuemantoni-1l.jpg" class="highslide" rel="highslide"><img class="imgresponsive" src="pictures/tuemantoni-1.jpg" alt="Tue Mantoni, Bang & Olufsen" title="Click to enlarge" /></a><br><i>The first year with Tue Mantoni as CEO shows signs of sustaining growth</i></p> <br />B&O recently introduced the new B&O Play sub brand and released the <a href=http://www.flatpanelshd.com/review.php?subaction=showfull&id=1340099730><b>BeoPlay V1 TV</b></a> and BeoPlay A3 and BeoPlay A8 sound systems in the fourth quarter.<br /><br /><p align=center><a id="thumb" href="pictures/beoplaytv-3l.jpg" class="highslide" rel="highslide"><img class="imgresponsive" src="pictures/beoplaytv-3.jpg" alt="B&O Play TV" title="Click to enlarge" /></a><br><i>Bang & Olufsen is back on track. B&O Play is one of the driving elements</i></p> <br />Bang & Olufsen has high hopes for the future. Next year, Bang & Olufsen expects double-digit revenue growth, driven by a "Leaner, Faster, Stronger" strategy. The <a href=http://www.beoplay.com target=_blank><b>www.beoplay.com</b></a> online store has also been introduced. The company expects continued struggles in Europe but is entering new markets such as <a href=http://www.flatpanelshd.com/news.php?subaction=showfull&id=1343722791><b>China</b></a>. Bang & Olufsen also says that they have a strong innovation pipeline of products in the B&O Play line.