- - GN Store Nord
- - GN Hearing
- - GN Audio
Quotes from executive management
Gitte Aabo, CEO of GN Hearing, comments: “We are now looking at a recovering hearing aid market and see strong and attractive megatrends where GN Hearing’s competencies will demonstrate our unique ability to innovate. With the Q1 2022 launch of Jabra Enhance Plus we took an important first step in reaching new target groups for occasional hearing enhancement. And with the launch of ReSound ONE BTE we further broadened our portfolio in the traditional hearing market, where we have a strong product roadmap in place for the remainder of the year. Combined with a solid plan to restore profitability and several emerging opportunities, I am excited about the coming quarters and years for our company.”
René Svendsen-Tune, CEO of GN Audio, comments: “The significant impact from the manufacturing, logistics, and components challenges that slowed our growth in late 2021 unfortunately continued in Q1 2022. We continue to see strong demand across our product categories, which makes us very comfortable about the robustness of the underlying trends and dynamics that drive the industry, but right now the growth is solely supply driven and impacted by the COVID-19 situation in China.”
Financial overview Q1 2022
|GN Store Nord*||GN Hearing||GN Audio|
|DKK million||Core business||Emerging business||GN Hearing||GN Audio Organic||SteelSeries||GN Audio|
|Adj. EBITA margin**||6.8%||2.0%||-3.1%||14.4%|
* Including Other, ** Excluding non-recurring items (DKK -142 million in COGS in GN Audio, DKK -77 million in OPEX in GN Audio, DKK -3 million in COGS in GN Hearing and DKK -26 million in OPEX in GN Hearing)
GN Store Nord will host a teleconference at 11.00 a.m. CEST today. Please visit www.gn.com/investor to access the teleconference. Presentation material will be available on the website prior to the start of the teleconference.
For further information, please contact:
Investors and analysts
Vice President – Investor Relations & Treasury
Tel: +45 45 75 03 33
Director – Investor Relations & Treasury
Tel: +45 45 75 92 57
Press and the media
Lars Otto Andersen-Lange
Head of Media Relations & Corporate Public Affairs
Tel: +45 45 75 02 55
GN facilitates communication between people through intelligent hearing, audio, video, and gaming technology. Inspired by people and driven by our passion for innovation, we leverage technologies to deliver unique user experiences that bring people closer through the power of sound and vision.
GN was founded more than 150 years ago with a vision to connect the world. Today, we proudly honor that legacy with our world-leading expertise in the human ear, audio, video and speech, wireless technologies, software, miniaturization, and collaboration with leading technology partners. GN's solutions are marketed by the brands ReSound, SteelSeries, Jabra, Beltone, Interton, BlueParrott, Danavox and FalCom in 100 countries. Founded in 1869, the GN Group employs more than 7,000 people and is listed on Nasdaq Copenhagen (GN.CO).