Q3 beat was driven by a significant acceleration in sales in the Audio segment – benefiting from higher demand for professional headsets in the work from home environment and increase in production capacity. A sequential recovery was visible in the Hearing segment with the easing of restrictions and encouraging initial reception of ReSound ONE. Given the high order backlog in Audio, management has upgraded the segment’s FY20 sales and profitability targets.
11 Nov 2020
Momentum accelerates further in Audio; Hearing recovers
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Momentum accelerates further in Audio; Hearing recovers
Q3 beat was driven by a significant acceleration in sales in the Audio segment – benefiting from higher demand for professional headsets in the work from home environment and increase in production capacity. A sequential recovery was visible in the Hearing segment with the easing of restrictions and encouraging initial reception of ReSound ONE. Given the high order backlog in Audio, management has upgraded the segment’s FY20 sales and profitability targets.