In Q1 2026/27, Bang & Olufsen generated revenue growth of 2.2% in local currencies, in line with expectations. The gross margin rose to a new peak of 59.4%, an increase of 0.7 percentage points from last year. Like-for-like sell-out increased by 7%, and by 14% in the branded channels, with the Win Cities delivering sell-out growth of 19%.

“Bang & Olufsen has started the financial year well, delivering revenue growth, a record-high gross margin, and positive free cash flow in the first quarter. Performance was supported by continued progress in our branded channels and sustained strength in our Win Cities. The results show that the strategy is moving the business in the right direction. However, certain areas of the business still need increased attention and more consistent execution. Together with our employees, partners, and clients around the world, I look forward to unlocking the full potential of the Bang & Olufsen brand.”

Gianfilippo Testa, CEO

Financial highlights (Q1 25/26 in brackets)

  • Like-for-like sell-out grew by 7% (1%). Like-for-like sell-out for Branded channels grew by 14% (-1%).
  • Reported revenue increased by 2.5% (-5.0%) year-on-year, or 2.2% in local currencies (-4.0%), to DKK 530m (DKK 517m).
  • Revenue from Branded channels increased by 10.5% (-12.0%), or 9.9% in local currencies (-10.2%).
  • Gross margin was up by 0.7pp to 59.4% (58.7%).
  • EBITDA before special items was DKK 42m (DKK 34m), with an EBITDA margin before special items of 8.0% (6.5%).
  • EBIT before special items was DKK -23m (DKK -27m), with an EBIT margin before special items of -4.3% (-5.2%).
  • Special items were DKK 1m (DKK -7m).
  • The free cash flow was DKK 6m (DKK -135m).

FY 2026/27 financial guidance maintained

  • Revenue growth in local currencies: 1% to 5%
  • EBIT margin before special items: 1% to 3%
  • Free cash flow: DKK 25m to DKK 100m

Please see the Annual Report 2025/26 for further details on outlook and assumptions.

Business highlights

  • New executive leadership team announced in August: Gianfilippo Testa as Chief Executive Officer, Nikolaj Wendelboe as Chief Operating Officer alongside his role as Chief Financial Officer, and Jesper Hessel as Chief Commercial Officer and Deputy CEO, joining no later than 1 February 2027.
  • Opening of our largest store in Asia Pacific at Scotts Square in Singapore in June, the first location of our Culture Store concept in Southeast Asia.
  • Opening of our 260 m² store in Palo Alto, California, in August, completing the three planned California openings alongside our San Francisco and West Hollywood flagships.
  • Beosystem 3000c Dune Grey Edition launched under the Recreated Classics programme.
  • In July, John Legend, an American multi-platinum musician, producer, and Emmy, Grammy, Oscar, and Tony winning artist was appointed Global Brand Ambassador.

Q1 2026/27 conference call
30 September 2026, at 10.00 CEST via https://bo.nexahub.io/events/trading-statement-1st-quarter-202627

Dial-in details (Pin: 193621):
DK: +45 78768490
UK: +44 2037696819
US: +1 6467870157

For further information, please contact:

Cristina Rønde Hefting
Sr. Director, Strategy & Investor Relations
Phone: +45 4153 7303

Marie Elbæk
Global Corporate media relations lead
Phone: +45 6021 2542

Attachments

30 SEPTMEBER 2026

NORTHERN 2 VCT PLC

TOTAL VOTING RIGHTS 

In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern 2 VCT PLC (the “Company”) notifies the market that the capital of the Company as at 30 September 2026 consists of 266,589,293 ordinary shares with a nominal value of 5p each. All the ordinary shares have voting rights. The Company does not hold any ordinary shares in treasury. The total number of voting rights in the Company is therefore 266,589,293 (“the Figure”). The Figure may be used by a shareholder or other person as the denominator for the calculations by which they will determine if they are required to notify the voting rights they hold in relation to the Company, or a change to those voting rights, under the DTRs.

Enquiries:

Sarah Williams / James Sly, Mercia Fund Management Limited – 0330 223 1430

Website: www.mercia.co.uk/vcts

The contents of the Mercia Asset Management PLC website and the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website) are not incorporated into, nor form part of, this announcement.

30 SEPTEMBER 2026

NORTHERN VENTURE TRUST PLC

TOTAL VOTING RIGHTS

In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern Venture Trust PLC (“the Company”) notifies the market that the capital of the Company as at 30 September 2026 consists of 258,557,032 ordinary shares with a nominal value of 25p each. All the ordinary shares have voting rights. The Company does not hold any ordinary shares in treasury. The total number of voting rights in the Company is therefore 258,557,032 (“the Figure”). The Figure may be used by a shareholder or other person as the denominator for the calculations by which they will determine if they are required to notify the voting rights they hold in relation to the Company, or a change to those voting rights, under the DTRs.

Enquiries:

Sarah Williams / James Sly, Mercia Fund Management Limited – 0330 223 1430

Website: www.mercia.co.uk/vcts

Neither the contents of the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website), are incorporated into, or form part of, this announcement.

30 SEPTEMBER 2026

NORTHERN 3 VCT PLC

TOTAL VOTING RIGHTS  

In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern 3 VCT PLC (the “Company”) notifies the market that the capital of the Company as at 30 September 2026 consists of 175,856,561 ordinary shares with a nominal value of 5p each. All the ordinary shares have voting rights. The Company does not hold any ordinary shares in treasury. The total number of voting rights in the Company is therefore 175,856,561 (“the Figure”). The Figure may be used by a shareholder or other person as the denominator for the calculations by which they will determine if they are required to notify the voting rights they hold in relation to the Company, or a change to those voting rights, under the DTRs.

Enquiries:

Sarah Williams / James Sly, Mercia Fund Management Limited – 0330 223 1430

Website: www.mercia.co.uk/vcts

Neither the contents of the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website), are incorporated into, or form part of, this announcement.

ORION CORPORATION
STOCK EXCHANGE RELEASE – CHANGES IN COMPANY’S OWN SHARES
30/09/2026 at 09.00 EEST
        

Orion Corporation: Acquisition of own shares during week 40, 2026

The share buybacks form part of the share buyback programme that Orion Corporation announced on 27 August 2026. The buyback programme runs from 1 September 2026 until no later than 31 December 2026, and it is executed in compliance with Regulation No. 596/2014 of the European Parliament and Council (MAR) Article 5 and the Commission Delegated Regulation (EU) 2016/1052.

Orion Corporation’s shares have been acquired as follows:

Date Exchange transaction Share trading code Number of shares         Average price/ share (EUR)* Total transaction value (EUR)
September 28, 2026 Buy ORNBV    19,690 84.0510 1,654,964.19
September 29, 2026 Buy ORNBV    18,093 83.7017 1,514,414.86
Total during week 40/2026 Buy ORNBV    37,783 83.8837 3,169,379.25

*Average price rounded to four decimal places

After these acquisitions, Orion Corporation holds a total of 768,166 treasury shares which all are Class B shares.

On behalf of Orion Corporation

Danske Bank A/S, Finland Branch
Antti Väliaho, Jonathan Nyberg

For more information, please contact:

Tuukka Hirvonen, Head of Investor Relations
Orion Corporation
Tel. +358 10 426 2721, tuukka.hirvonen@orionpharma.com

Orion Pharma is a globally operating Nordic pharmaceutical company – a builder of well-being for over a hundred years. We develop, manufacture and market human and veterinary pharmaceuticals as well as active pharmaceutical ingredients, combining our trusted expertise with continuous innovation. We have an extensive portfolio of proprietary and generic medicines and consumer health products. The core therapy areas of our pharmaceutical R&D are oncology and pain. Proprietary products developed by us are used to treat cancer, respiratory diseases and neurological diseases, among others. In 2025 our net sales amounted to EUR 1,890 million, and we employ about 4,000 professionals worldwide, dedicated to building well-being.

Attachment

30 September 2026

ADMIRAL GROUP PLC
Share Buyback Programme

Admiral Group plc (“Admiral”) announces that, further to the announcement made in its interim results release on 6 August 2026, it has entered into an arrangement with UBS AG, London Branch to purchase ordinary shares of 0.1 pence each in the capital of Admiral (the “Ordinary Shares”) for a consideration of up to £45,000,000 in accordance with certain parameters and pursuant to a share buyback programme (the “Programme”).

The Programme will commence shortly and end no later than 31 December 2026. The purchase of the shares under the Programme forms part of our capital management framework, with the intention to reduce the issued share capital of Admiral.

Any purchases of Ordinary Shares under the Programme will be carried out in accordance with Admiral’s general authority to make market purchases of Ordinary Shares granted by its shareholders at the annual general meeting held on 29 April 2026 (the “Authority“), Chapter 9 of the UK Listing Rules and the Market Abuse Regulation (EU) No 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended).

The maximum number of Ordinary Shares that may be repurchased under the Programme is 30,630,467 being the number of Ordinary Shares Admiral is authorised to repurchase under the terms of the Authority.

The Company will make further regulatory announcements in respect of purchases of Ordinary Shares under the Programme in due course.

For further information, please contact:

Media:        
Sian Broad                        sian.broad5@admiralgroup.co.uk         

Investors/ Analysts:        
Jelena Bjelanovic                        investorrelationssupport@admiralgroup.co.uk

ICG Enterprise Trust plc (the “Company”)

30 September 2026

Transaction in Own Shares

The Company announces that on 29 September 2026 it bought back 15,000 of its own shares under the long-term buyback programme, to be held as treasury shares, at an average price of 1376 pence per share.

Further details are set out below:

  • Number of shares held as treasury shares following settlement of this purchase: 3,367,560
  • Total shares in issue excluding treasury shares following settlement of this purchase: 60,186,632

The Company has bought back these shares under the authority granted by shareholders at its Annual General Meeting in June 2026, which permits the Company to repurchase a maximum of 14.99% of its ordinary shares. The actual number of shares repurchased by the Company will depend on market conditions. This authority lasts until the next shareholder authority granted (expected to be at the Annual General Meeting in 2027), or until expressly revoked by shareholders.

No maximum consideration payable has been determined by the Company, but the Company is unable to pay a price for any shares pursuant to the buyback which would equate to a premium to the net asset value. It is the Company’s current intention to hold any shares bought back in treasury.

The Company has instructed Numis Securities Limited (trading for these purposes as Deutsche Numis) as its broker in respect of its buyback transactions. This arrangement is in accordance with the UKLA Listing Rules and the Company’s general authority to repurchase shares.

Analyst / Investor enquiries:

Chris Hunt
Shareholder Relations, ICG
+44 (0) 20 3545 2020

Andrew Lewis
Company Secretary, ICG
+44 (0) 20 3545 1344

Media:

Clare Glynn
Corporate Communications, ICG
+44 (0) 20 3545 1395

THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

Neuberger Private Equity Partners Announces Transaction in Own Shares

St Peter Port, Guernsey 30 September 2026

Neuberger Private Equity Partners Limited (“NBPE” or the “Company”) today announces details of Class A Shares bought back pursuant to general authority granted by shareholders of the Company on 11 June 2026 and the share buy-back agreement with Jefferies International Limited.

Transaction on London Stock Exchange

Date of purchase of Shares 29 September 2026
Number of Shares purchased 100,000 Class A Shares
Highest price/lowest price paid £14.64 / £14.54
ISIN for the Shares GG00B1ZBD492

All Class A Shares bought back will be cancelled. Following the cancellation, the number of outstanding Class A Shares is 37,595,491‬. The Company also has 3,150,408 Class A shares held in treasury. For reporting purposes under the FCA’s Disclosure Guidance and Transparency Rules the market should use the figure of 37,595,491 voting rights when determining if they are required to notify their interest in, or a change to their interest in the Company.

For further information, please contact:

NBPE Investor Relations        +44 20 3214 9002
Luke Mason        NBPrivateMarketsIR@nb.com

Oak Group        +44 1481 723450

        NBPEP@oak.group

About Neuberger Private Equity Partners Limited

Neuberger Private Equity Partners Limited (“NBPE”) invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

LEI number: 213800UJH93NH8IOFQ77

About Neuberger

Neuberger was founded in 1939 to do one thing: deliver compelling investment results for our clients over the long term. This remains our singular purpose today, driven by a culture rooted in deep fundamental research, the pursuit of investment insight and continuous innovation on behalf of clients, and facilitated by the free exchange of ideas across the organization.

From offices in 39 cities[1] across 26 countries, Neuberger manages a range of equity, fixed income, private equity and hedge fund strategies on behalf of institutions, advisors and individual investors worldwide. With more than 780[1] investment professionals and over 2,900[1] employees in total, Neuberger has built a diverse team of individuals united in their commitment to client outcomes and investment excellence. Our culture has afforded us enviable retention rates among our senior investment staff and we are proud to have been ranked 1st by Pensions & Investments in their 2025 “Best Places to Work in Money Management” survey, where we have placed 1st in four of the last five years and finished in the top two for 12 consecutive years[2].

As a private, independent, employee-owned investment manager, Neuberger is structurally aligned with the long-term interests of our clients. We have no external parent or public shareholders to serve, nor other lines of business to distract us from our core mission. And with our employees and their families invested alongside our clients—plus 100% of employee deferred cash compensation directly linked to team and firm strategies—we are truly in this together.
For more information, please visit our website: www.nb.com/en/global/who-we-are.

Media Contacts:
US: Soogyung Jordan: Soogyung.Jordan@nb.com
EMEA: Fiona Kehily: Fiona.Kehily@nb.com

[1] Firm data reflects the collective data for the various subsidiaries of Neuberger Berman Group LLC as of 30 June 2026.

[2] Among organizations with over 1,000 employees by Pensions & Investments. For additional information on the criteria for the award, please visit https://www.pionline.com/awards/best-places-to-work-in-money-management/pi-best-places-to-work-2025.

This material is issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications to learn about each company and the legal restrictions and restrictions. The name “Neuberger Berman” and logo are registered service marks of Neuberger Berman Group LLC.

© 2026 Neuberger Berman Group LLC. All rights reserved.

This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.

NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE’s investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains “forward-looking statements.” Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.

The company aims to demonstrate the competitiveness of its green hydrogen under real market conditions and generate recurring revenue

Vitry-le-François, France – September 30, 2026, 08:00 am (CEST)

Haffner Energy announces the installation of an H14 hydrogen refuelling station, supplied by HRS, at its Marolles site in France. By enabling the sale of renewable hydrogen produced on-site from residual biomass, the station will provide Haffner Energy with a source of recurring revenue while also enabling the Company to demonstrate, under real-world market conditions, the competitiveness of hydrogen produced using its technology.

The station was ordered in 2022 as part of the cooperation agreement between the two companies. With 70 per cent of the contract value now paid – including a 20 per cent milestone payment recently settled – its installation had been put on hold pending greater clarity on hydrogen end uses. Following the commissioning of the H6 module and expressions of interest from several potential buyers, Haffner Energy is already anticipating the next phase, that will focus on bringing the hydrogen produced to market.

The station is scheduled for installation in 2027, subject to completion of the necessary regulatory and administrative procedures, particularly those relating to hydrogen production and storage under France’s regulations governing classified facilities for environmental protection (ICPE).

Marolles: towards financial self-sufficiency through new recurring revenue streams

More than 85 per cent by value of the equipment required for the Marolles production and refuelling chain – from biomass conversion through to hydrogen ready for delivery – has already been installed and/or paid for.

The sale of hydrogen will enable Haffner Energy to complement its role as a technology supplier with recurring revenue from the sale of energy and renewable molecules, in line with the strategic shift announced in July 2026. This revenue is intended to cover the operating costs of the Marolles site, enabling the centre to become self-funding.

At the same time, the site will retain its role as a testing and training centre, while continuing to serve as an industrial and commercial showcase for Haffner Energy’s technologies. Its ongoing operation will also provide valuable operational data and demonstrate the long-term performance of the H6 process under real operating conditions.

Demonstrating the competitiveness and quality of Haffner Energy’s hydrogen in real market conditions

Beyond the revenue expected to be generated at Marolles, the sale of this hydrogen serves a strategic objective: to demonstrate that producing renewable hydrogen from residual biomass at costs comparable to those of fossil-based alternatives is not merely a theoretical prospect, but an industrial and commercial reality with the potential to fundamentally change the economics of renewable hydrogen.

By the end of the year, the H6 module is expected to provide further technical validation of its ability to continuously produce renewable hydrogen meeting mobility-grade quality standards. The H14 station will then provide market validation, through hydrogen sales under real market conditions.

“The strategic development of Marolles illustrates our ambition to be not only a technology supplier, but also an energy producer generating recurring revenue. More importantly, combining our H6 module with HRS’s H14 station will enable us to put our hydrogen to the test under real market conditions and demonstrate, in concrete terms and over the long term, its competitiveness with both fossil-based and electrolytic hydrogen. This market validation will provide an important benchmark for hydrogen users. We expect this commercial proof of concept to help shift market perceptions and accelerate the deployment of our technology, both internationally and in France,” says Philippe Haffner, co-founder and Chief Executive Officer of Haffner Energy.

From hydrogen production to hydrogen sales

The Marolles facility is not currently equipped to bring the hydrogen it produces to the pressure levels required for distribution.

The H14 station will provide this capability. It will be able to dispense up to 14 kg of hydrogen per hour and will primarily be used to fill tube trailers for delivery to other refuelling stations or industrial users. The station will also enable vehicles to refuel on site at 350 and 700 bar, while providing buffer storage capacity.

A partnership set to expand to CORE100 hydrogen projects and data centres

The HRS station to be installed at Marolles illustrates the complementary nature of Haffner Energy’s and HRS’s solutions, combining local hydrogen production with refuelling infrastructure.

For hydrogen projects developed under the CORE100 reservation programme, the Group intends to offer customers an integrated solution covering the entire value chain, from hydrogen production through to storage and refuelling. For H6 facilities delivered under its responsibility and incorporating storage and refuelling infrastructure, Haffner Energy plans to deploy HRS stations. The high availability of HRS stations – in excess of 95 per cent – represents a significant advantage for operators.

The partnership between Haffner Energy and HRS also opens up opportunities in the data centre sector. HRS is developing the Secure Power Unit (SPU), a modular solution combining hydrogen storage and fuel cells to provide highly available emergency backup power.

This solution is a natural complement to the energy offering being developed by Haffner Energy for data centres, which targets availability of more than 99.995 per cent, in line with Tier IV infrastructure requirements. Combining Haffner Energy’s local renewable energy production with an HRS backup system powered by renewable hydrogen produced and stored on site would provide an architecture particularly well suited to the resilience and decarbonisation requirements of Tier III and Tier IV data centres.

“We are delighted to be taking our partnership with Haffner Energy to a new level. By combining highly competitive local renewable hydrogen production with our refuelling solutions, we can create significant opportunities both regionally and internationally. Reducing production costs and bringing hydrogen production closer to end users are two essential conditions for the development of hydrogen mobility and industrial applications. Data centres also represent a particularly promising market, where the complementary nature of our solutions enables us to address very high availability requirements, particularly those of Tier III and Tier IV data centres,” said Hassen Rachedi, Chairman and Chief Executive Officer of HRS.

About Haffner Energy

Haffner Energy designs and supplies innovative solutions for the production of competitive renewable fuels from biomass. With over 33 years’ experience in the utilisation of all types of biomass, the company has developed proprietary thermolysis and gasification technologies enabling the production of renewable gas, hydrogen, renewable methanol and Sustainable Aviation Fuel (SAF).

Beyond supplying technologies, Haffner Energy supports its clients in developing industrial projects designed to accelerate the decarbonisation of the energy, industrial and transport sectors. Its solutions also contribute to the production of biogenic CO₂ and biochar, thereby supporting the energy transition and the sustainable utilisation of biomass.

Haffner Energy is listed on Euronext Growth (ISIN code: FR0014007ND6 – Ticker symbol: ALHAF)

Press contact

Laetitia Mailhes
laetitia.mailhes@haffner-energy.com

Investor contact

investisseurs@haffner-energy.com

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