Despite the outperformance in the Audio segment, GN’s Q4 results missed expectations as the recovery was halted in the Hearing segment due to COVID-19-related restrictions. Loss of market share in the US Veteran Affairs channel and at Costco made matters worse and GN lagged Demant in terms of recovery. However, both segments are anticipated to grow at >20% in FY21 which is positive – Audio should lead in H1 and growth in Hearing is likely to be H2-heavy.
12 Feb 2021
Robust Audio; momentum softens in Hearing
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Robust Audio; momentum softens in Hearing
- Published:
12 Feb 2021 -
Author:
Sumit Sayal -
Pages:
3
Despite the outperformance in the Audio segment, GN’s Q4 results missed expectations as the recovery was halted in the Hearing segment due to COVID-19-related restrictions. Loss of market share in the US Veteran Affairs channel and at Costco made matters worse and GN lagged Demant in terms of recovery. However, both segments are anticipated to grow at >20% in FY21 which is positive – Audio should lead in H1 and growth in Hearing is likely to be H2-heavy.