Although organic revenue was down 13% due to a 54% decline in Hearing, a 32% surge in Audio led to a sales beat in Q2. Given the accelerating trend towards UC-based communication, Audio, particularly the office headsets portfolio, should witness steady growth in the coming quarters. Interestingly, Hearing reached the c.90% revenue run-rate in July and, given that the company has introduced a breakthrough product, it could outgrow the industry in the mid-term.
20 Aug 2020
Audio once again in the spotlight
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Audio once again in the spotlight
GN Store Nord A/S (GNSN:WBO) | 0 0 1.4% | Mkt Cap: 30,783m
- Published:
20 Aug 2020 -
Author:
Sumit Sayal -
Pages:
4
Although organic revenue was down 13% due to a 54% decline in Hearing, a 32% surge in Audio led to a sales beat in Q2. Given the accelerating trend towards UC-based communication, Audio, particularly the office headsets portfolio, should witness steady growth in the coming quarters. Interestingly, Hearing reached the c.90% revenue run-rate in July and, given that the company has introduced a breakthrough product, it could outgrow the industry in the mid-term.