Kommentar: GN Audio er virksomhedens guldæg og leverer igen flotte vækstrater med imponerende marginer. GN Hearing er derimod efterhånden et stort problem og er selvfølgelig ekstra påvirket af Covid-19. Et regnskab, hvor divisionerne udligner hinanden dog til den svage side.
Forventninger til hver division i 2020:
GN Hearing: For H2 2020, GN Hearing expects organic revenue growth to be better than -20% and the EBITA margin of at least 10%. For full year 2020, this translates into an organic revenue growth better than -30% for 2020, and an EBITA margin of better than 0%. GN Audio: For H2 2020, GN Audio expects organic revenue growth of more than 25%, and an EBITA margin of at least 20%. For full year 2020, this translates into an organic revenue growth of more than 25%, and an EBITA margin of at least 20%. The EBITA margin expectation for GN Audio is before any extraordinary items related to legal settlements and litigation. Other activities and EPS In H2 2020, EBITA in “Other” is expected to be around DKK -90 million. For full year 2020, this translates into an EBITA in “Other” of around DKK -180 million. Based on the updated expectation for GN Hearing and GN Audio, and the current recovery trends, GN Store Nord expects to deliver a positive EPS in H2 2020, and a positive EPS for full year 2020.
