Sales in Q3 were strong, led by broad-based growth across regions and channels in the Hearing and Audio segments. But, the EBITA margin was down 10bp as the benefits of operational leverage in Audio were offset by higher R&D investments in Hearing. Given the recent introduction of Quattro custom hearing aids, the FY19 segment targets appear within reach. Also, the Audio segment would benefit from the attractive market conditions and new product launches (Jabra PanaCast and Elite 75) in th
11 Nov 2019
Another good quarter for GN
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Another good quarter for GN
GN Store Nord A/S (GNSN:WBO) | 0 0 1.4% | Mkt Cap: 30,783m
- Published:
11 Nov 2019 -
Author:
Sumit Sayal -
Pages:
3
Sales in Q3 were strong, led by broad-based growth across regions and channels in the Hearing and Audio segments. But, the EBITA margin was down 10bp as the benefits of operational leverage in Audio were offset by higher R&D investments in Hearing. Given the recent introduction of Quattro custom hearing aids, the FY19 segment targets appear within reach. Also, the Audio segment would benefit from the attractive market conditions and new product launches (Jabra PanaCast and Elite 75) in th