COVID-19 continues to be mixed bag for GN. Audio has got off to a solid start in 2021, though Hearing is still a drag – extended lockdowns weighed on the performance in Q1 and GN lost market share in the US Veteran Affairs channel. The hearing aid market is expected to normalise in H2 21 but, given the stiff competition, achieving the segment’s FY21 sales target could be tough. However, Audio could soothe some nerves as its full-year targets appear conservative.
30 Mar 2021
Another quarter but the same story
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Another quarter but the same story
- Published:
30 Mar 2021 -
Author:
Sumit Sayal -
Pages:
3
COVID-19 continues to be mixed bag for GN. Audio has got off to a solid start in 2021, though Hearing is still a drag – extended lockdowns weighed on the performance in Q1 and GN lost market share in the US Veteran Affairs channel. The hearing aid market is expected to normalise in H2 21 but, given the stiff competition, achieving the segment’s FY21 sales target could be tough. However, Audio could soothe some nerves as its full-year targets appear conservative.