Organic revenue snowballed by 16% in Q2 with Audio leading the pack (+26%). Given the encouraging feedback of the recently-launched products, the second upgraded revenue guidance for Audio seems within reach, despite tougher comps in H2. In Hearing, competition has intensified with the launch of new products by rivals and thus GN’s growth trajectory could slow down a bit. Margin expansion would also be limited as management continues to reinvest the benefits of strong operational levera
23 Aug 2019
Q2 sales outperformance led by Audio
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Q2 sales outperformance led by Audio
GN Store Nord A/S (GNSN:WBO) | 0 0 1.4% | Mkt Cap: 30,783m
- Published:
23 Aug 2019 -
Author:
Sumit Sayal -
Pages:
3
Organic revenue snowballed by 16% in Q2 with Audio leading the pack (+26%). Given the encouraging feedback of the recently-launched products, the second upgraded revenue guidance for Audio seems within reach, despite tougher comps in H2. In Hearing, competition has intensified with the launch of new products by rivals and thus GN’s growth trajectory could slow down a bit. Margin expansion would also be limited as management continues to reinvest the benefits of strong operational levera