Group’s sales momentum accelerated in Q1 driven by a strong show in Audio – both enterprise and consumers divisions reported double-digit growth. Hearing was also back in the black but it lagged behind Demant due to a slow uptick of ReSound ONE. As rival products are performing better, GN could continue to lose market share and thus Hearing’s FY21 targets are at risk. However, Audio’s outlook has been upgraded, given the robust performance ytd, translating into increased earnings for the group.
07 May 2021
Guidance upgrade driven by Audio; Hearing guidance at risk
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Guidance upgrade driven by Audio; Hearing guidance at risk
- Published:
07 May 2021 -
Author:
Sumit Sayal -
Pages:
3
Group’s sales momentum accelerated in Q1 driven by a strong show in Audio – both enterprise and consumers divisions reported double-digit growth. Hearing was also back in the black but it lagged behind Demant due to a slow uptick of ReSound ONE. As rival products are performing better, GN could continue to lose market share and thus Hearing’s FY21 targets are at risk. However, Audio’s outlook has been upgraded, given the robust performance ytd, translating into increased earnings for the group.