The Hearing segment had a tough time in Q1 as the end markets were closed due to lockdowns. However, the Audio segment came to its rescue as the headsets business witnessed robust demand as the work from home trend gathered pace. Having two businesses under one roof, and with no forward integration, has proved to be beneficial for GN during these challenging times and thus we maintain our optimism on the stock.
29 Apr 2020
As Hearing falters, Audio comes to the rescue
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As Hearing falters, Audio comes to the rescue
GN Store Nord A/S (GNSN:WBO) | 0 0 1.4% | Mkt Cap: 30,783m
- Published:
29 Apr 2020 -
Author:
Sumit Sayal -
Pages:
3
The Hearing segment had a tough time in Q1 as the end markets were closed due to lockdowns. However, the Audio segment came to its rescue as the headsets business witnessed robust demand as the work from home trend gathered pace. Having two businesses under one roof, and with no forward integration, has proved to be beneficial for GN during these challenging times and thus we maintain our optimism on the stock.