GN reported soft Q3 results, with tough comps, supply chain disruptions and/or pandemic headwinds impacting both divisions. Hearing guidance was downgraded earlier this month, and now even Audio guidance has been downgraded. While our estimates should reset lower, given GN’s strong positioning in audio (to be fortified further via inorganic growth) and remedial measures (such as better R&D hearing productivity) underway, the long-term attractiveness remains intact.
30 Oct 2021
Q3 mired by various challenges
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Q3 mired by various challenges
- Published:
30 Oct 2021 -
Author:
Anas PATEL -
Pages:
4
GN reported soft Q3 results, with tough comps, supply chain disruptions and/or pandemic headwinds impacting both divisions. Hearing guidance was downgraded earlier this month, and now even Audio guidance has been downgraded. While our estimates should reset lower, given GN’s strong positioning in audio (to be fortified further via inorganic growth) and remedial measures (such as better R&D hearing productivity) underway, the long-term attractiveness remains intact.