GN Hearing is currently experiencing delays in product development deliverables leading to postponement of key product launches planned for H2 2021. These delays cannot be mitigated. GN Hearing has decided to initiate a transformation of R&D with the objective to increase quality, predictability of delivery times, and R&D efficiency. The R&D leadership has been changed with appointing Dr
The delays result in a revised financial guidance for 2021:
- The GN Hearing organic revenue growth guidance for 2021 is revised from more than 25% to around 16%
- Due to the lower-than-expected revenue development, the GN Hearing EBITA margin guidance for 2021 is revised from more than 16% to more than 12%
- As a consequence of the revised financial guidance for GN Hearing,
GN Store Nord revises the financial guidance on growth in EPS from more than 60% to more than 50%
The 2021 financial guidance for GN Audio is unchanged and confirmed.
GN Hearing preliminary Q3 2021 revenue is
For further information, please contact:
Investors and analysts
Henriette Wennicke
Vice President – Investor Relations &
Tel: +45 45 75 03 33
or
Director – Investor Relations & Treasury
Tel: +45 45 75 92 57
Press and the media
Head of Media Relations & Corporate Public Affairs
Tel: +45 45 75 02 55
About
150 years ago, GN was founded with a truly innovative and global mindset. Today, we honor that legacy with world-leading expertise in the human ear, sound and video processing, wireless technology, miniaturization and collaborations with leading technology partners. GN's solutions are marketed by the brands ReSound, Beltone, Interton, Jabra, BlueParrott and FalCom in 100 countries. Founded in 1869, the
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- Announcement 50 -
GN Store Nord adjusts financial guidance for 2021
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