Pre-release of preliminary key figures for Q3 2020 as a function of GN Audio performing significantly better than projected during Q3 2020;
DKKm | GN Hearing | GN Audio | Other |
Revenue | 1,318 | 2,420 | |
Organic revenue growth | -11% | 71% | |
EBITA | 169 | 550* | -39 |
EBITA margin | 12.8% | 22.7%* |
* Before gain from legal settlements and litigation of
Update on financial guidance for 2020
Based on the preliminary Q3 numbers, GN Audio upgrades the financial guidance for 2020, all other parameters are unchanged.
For full year 2020, GN Audio upgrades the guidance communicated on
For full year 2020, GN Hearing expects an organic revenue growth to be better than -30%, and an EBITA margin of better than 0%. No change to guidance communicated on
For full year 2020, EBITA in “Other” is expected to be around
Based on the updated expectations for GN Audio,
Due to the COVID-19 situation – which impacts the company in many different ways – it must be stressed that the basic assumptions behind the guidance remain significantly more uncertain than normal.
COVID-19 risks
On
The COVID-19 situation has and will not only strongly impact GN’s operational performance in 2020, but it will also impact predictability and visibility across GN’s markets, channels and supply chain.
The full year guidance is contingent on no further re-tightening of COVID-19 related lockdown restrictions or new supply chain constrains.
For further information, please contact:
Investors and analysts
Vice President – Investor Relations &
Tel: +45 45 75 46 07
or
Senior Manager – Investor Relations
Tel: +45 45 75 92 57
Press and the media
Vice President – Group Communication
Tel: +45 20 65 34 20
Or
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
Visit our homepage GN.com - and connect with us on LinkedIn, Facebook and Twitter.
Attachment
- Announcement 34 - Guidance upgrade
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