More changes at Raidho - Rune Skov departs - Page 2
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  1. #11
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    Re: More changes at Raidho - Rune Skov departs

    Quote Originally Posted by AudioSalon View Post
    You sure this info is accurate? On facebook Rune is still listed as Raidho's sales manager and is currently in Vietnam hosting an event for Raidho.
    John,

    The information comes from Peter Bøgh Jensen, the CEO of Raidho’s parent company; Dantax, via his letter to the stock exchange. See “Announcements” on their website. I believe Rune Skov departs at the end of the month.

    Regarding the financial outlook for the coming the year, the news comes from the same source, i.e. from the company itself.


    I would therefore consider the information to be definitive.

  2. #12
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    Re: More changes at Raidho - Rune Skov departs

    Thanks for the confirmation, Rune is a great guy. I'm pretty sure Raidho will miss him.
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  4. #13
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    Re: More changes at Raidho - Rune Skov departs

    Quote Originally Posted by AudioSalon View Post
    Thanks for the confirmation, Rune is a great guy. I'm pretty sure Raidho will miss him.
    +1


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  5. #14
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    Re: More changes at Raidho - Rune Skov departs

    Quote Originally Posted by kiwi_1282001 View Post
    More changes at Raidho.


    According to company reports; Rune Skov who was in charge of Raidho’s worldwide sales has recently resigned. Rune Skov had been appointed to replace Lars Kristensen who left Raidho Acoustics a little over one year ago to continue working with Michael Børresen to create some world class Danish HiFi brands the latest of which is Borresen Acoustics. http://www.audioshark.org/speakers-1...ers-14873.html


    Meanwhile, Peter Jensen, CEO of Dantax A/S who owns the Raidho brand, has issued a negative outlook for the company forecasting sharply reduced operating profits for the year ahead. The company’s share price has taken a tumble and analyst outlook is bearish.


    To what extent the departure of Raidho’s talented Chief Engineer, Michael Børresen, is impacting the company and their result is difficult to judge. Certainly products released after his departure, most notably the Raidho TD-4.8 loudspeakers with their heavier Tantalum-Diamond (TD) cone woofers don’t seem to be capturing the imagination or buzz of consumers.
    I met with Lars from Raidho at RMAF and he said this is just not true. Rune has left, but they are reportedly having record profits the last two years. Ralph, where did you get this from?


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  6. #15
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    Re: More changes at Raidho - Rune Skov departs






    Sent from my iPhone using Tapatalk
    My Systems: http://www.audioshark.org/showthread...481#post158481

    "We can hear everything we measure, but we can't measure everything we hear. Let your ears be your guide."

    Dealer for: Audio Research, Aurender, AudioQuest Cables & Power Products, Avantgarde Acoustics, Avid HiFi, Ayre Acoustics, Berkeley Audio Design, Bryston, Chord, ClearAudio Turntables & Accessories, Constellation Audio, Esoteric, FirstWatt, Focal Headphones, Harbeth Loudspeakers, Furutech, Gryphon Audio, Hegel, iFi Audio, ISO Acoustics, JL Audio, KEF Loudspeakers, Kimber Kable, KL Audio Record Cleaning Machines, KR Audio Tube & Amps, Kronos, Lampizator, Lumin, Luxman, Magico Loudspeakers, MBL Speakers & Electronics, MicroMega, MIT Cables, MSB Technologies, Naim Audio, Ortofon, Pass Labs, PS Audio, Quadraspire, Rega Turntables, Roon Labs, Shunyata Research, Siltech, Solid Tech Racks, Sony, SRA, Stein Music, Stillpoints, T+A Electronics, Tannoy Loudspeakers, Transfiguration Cartridges, Trenner & Friedl, Triode Corporation of Japan, VAC, Verity Audio Speakers, Vicoustics, Viva Audio, VPI Industries.

    https://suncoastaudio.com/
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  7. #16
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    Re: More changes at Raidho - Rune Skov departs

    Mike,

    My post was not about the companies past performance but about their outlook for the next year as contained in their annual report.

  8. #17
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    Re: More changes at Raidho - Rune Skov departs

    Ralph, in communications with Mr. Jensen, I think there’s some miscommunication. He communicated that the last three years have been record breaking and it’s his belief that this growth cannot continue (so a SLIGHT) decrease in outlook. There’s a lot more but I don’t want to mention it here.

    I’m not a Raidho dealer any longer, but I feel it’s important to show both sides of things. The Raidho folks, especially Mr. Jensen are really good folks.


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    "We can hear everything we measure, but we can't measure everything we hear. Let your ears be your guide."

    Dealer for: Audio Research, Aurender, AudioQuest Cables & Power Products, Avantgarde Acoustics, Avid HiFi, Ayre Acoustics, Berkeley Audio Design, Bryston, Chord, ClearAudio Turntables & Accessories, Constellation Audio, Esoteric, FirstWatt, Focal Headphones, Harbeth Loudspeakers, Furutech, Gryphon Audio, Hegel, iFi Audio, ISO Acoustics, JL Audio, KEF Loudspeakers, Kimber Kable, KL Audio Record Cleaning Machines, KR Audio Tube & Amps, Kronos, Lampizator, Lumin, Luxman, Magico Loudspeakers, MBL Speakers & Electronics, MicroMega, MIT Cables, MSB Technologies, Naim Audio, Ortofon, Pass Labs, PS Audio, Quadraspire, Rega Turntables, Roon Labs, Shunyata Research, Siltech, Solid Tech Racks, Sony, SRA, Stein Music, Stillpoints, T+A Electronics, Tannoy Loudspeakers, Transfiguration Cartridges, Trenner & Friedl, Triode Corporation of Japan, VAC, Verity Audio Speakers, Vicoustics, Viva Audio, VPI Industries.

    https://suncoastaudio.com/
    Phone: 941-932-0282
    Facebook: https://www.facebook.com/Suncoast-Au...1105178279194/

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  10. #18
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    Re: More changes at Raidho - Rune Skov departs

    Quote Originally Posted by Mike View Post
    Ralph, in communications with Mr. Jensen, I think there’s some miscommunication. He communicated that the last three years have been record breaking and it’s his belief that this growth cannot continue (so a SLIGHT) decrease in outlook. There’s a lot more but I don’t want to mention it here.

    I’m not a Raidho dealer any longer, but I feel it’s important to show both sides of things. The Raidho folks, especially Mr. Jensen are really good folks.


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    Mike,


    There is always the possibility of misunderstanding. The financial statements are however publically available online.


    What do they say?


    Well, for the financial year 1 July 2017 to 30 June 2018 the company Directors noted on page 3


    “Revenue and earnings on sales of high-end speakers have decreased in relation to financial year 2016/17. The sale is under the Raidho, Gamut and Scansonic HD brands and the speakers produced in Pandrup. The products are sold worldwide and have again received prizes in international tests this year.

    For the sale of other Hi-Fi products, among other things, the Scansonic and Harmony brands have increased in sales and earnings compared with last year. “

    Regarding the outlook, the company directors went on to say:


    “For the 2018/19, Hi-Fi activity is expected to decline in revenue. Total earnings are expected to be lower than the 2017/18 financial year.”

    The Director’s expected decline in revenue and earnings in the above activities is no doubt reflected (at least in part) by the company’s overall outlook for financial year 1 July 2018 to 30 June 2019 of an operating profit in the range of DKK 0.5 – 1.5 million which at the lower end of the range is only USD 80k.

    In the previous year the operating profit was DKK 3.2 million.

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  12. #19
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    Re: More changes at Raidho - Rune Skov departs

    there is the possibility that some of this decline in speaker sales is due to a general slowdown in luxury good sales as economic factors change. most notably, interest rates changing domestically (U.S.) will have significant impact on potential buyers.

 

 
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