GN Releases Company’s Interim Report Q2 2022
GN announced in its Interim Report Q2 2022 that GN Store Nord in Q2 2022 delivered 29% revenue growth of which 8% was organic, driven by strong Enterprise and Hearing performance.
Tag: GN Store Nord
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New CFOs & VP of Investor Relations Announced for GN Store Nord A/S and GN Hearing
Current GN Audio CFO Peter Gormsen will replace Marcus Desimoni as CFO of GN Store Nord. Gormsen will remain CFO of GN Audio, and Desmoni will remain active as part of GN's Strategy Committee. Other promotions include Morten Toft to CFO of GN Hearing, and Henriette Wennicke to VP of Investor Relations & Treasury.
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GN Appoints Jakob Gudbrand CEO of GN Hearing
Following Gudbrand's appointment, GN Store Nord’s Executive Management will consist of: Jakob Gudbrand, CEO of GN Hearing; René Svendsen-Tune, CEO of GN Audio; Marcus Desimoni, CFO of GN Store Nord and GN Hearing.
GN Reports Strong Growth in 2017
For end-of-year 2017, GN Store Nord—the parent company of ReSound and Beltone hearing aids—reported a revenue increase of 11% to $1.58 billion and organic growth of 8%.
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GN Store Nord Develops Device to Protect Soldiers’ Hearing
Combining technology from its hearing aid and headset divisions, the Denmark-based manufacturer plans to produce the devices—which provide 360° sound identification and integration with military radio technology—at their Minnesota manufacturing site.
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Barb VanSomeren Appointed VP of Marketing, Phonak US
In her role, VanSomeren serves as a member of the executive leadership team and oversees the day-to-day operations of the company’s marketing, communications, and product marketing teams across Phonak’s daily and extended wear businesses.
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GN Hearing Launches Rechargeable Battery Option for ReSound Linx 3D
The rechargeable battery solution, available in North America and other major markets from September 1, gives ReSound users more options to choose from.
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GN Hearing to Demo ReSound Linx 3D at IFOS World Congress June 24-28
Attendees will have the opportunity to see demonstrations of GN Hearing’s full family of Smart Hearing aids, including ReSound LiNX 3D. Members of GN Hearing will be available to answer questions and demonstrate the Smart Hearing solutions.
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GN Otometrics to be Sold to Natus Medical
GN Hearing is selling GN Otometrics to Natus Medical for $145 million. The combination of Natus and Otometrics creates a global leader in hearing assessment, hearing screening, and balance assessment, says Natus President and CEO Jim Hawkins.
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GN Reports Strong Growth in Q2 2016; Loses Costco Kirkland Contract
GN Hearing reported 12% revenue growth in Q2 2016, despite the loss of its supply agreement with Costco to produce the Kirkland Signature brand. Organic growth was 9%, driven by 10% organic growth in hearing instruments.
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GN Completes Acquisition of Audigy Group
GN Store Nord (GN Hearing) has announced that, as of July 1, 2016, all necessary conditions and regulatory approvals have been met and GN Hearing has completed its acquisition of Audigy Group.
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GN Reports Strong Growth in 2015
In the fourth quarter of 2015, GN ReSound delivered 9% organic growth and EBITA of DKK 340 million (US$51.8 MM). The full-year 2015 organic growth was 8% and EBITA was DKK 995 million (US$142.6 MM).
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Marcus Desimoni Announced as New CFO of GN Store Nord, GN ReSound
GN Store Nord (GN), Copenhagen, has announced that Marcus Desimoni joins the company as chief financial officer (CFO) of GN Store Nord and GN ReSound, effective February 15, 2016. Desimoni replaces Anders Boyer, who resigned as CFO of GN Store Nord and GN ReSound in December 2015.
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GN ReSound, William Demant Settle All Patent Disputes
GN ReSound A/S and William Demant Holding A/S, both in Denmark, jointly announced that they have reached an agreement to settle all patent disputes between the two companies, thereby terminating all patent litigations—in Europe, including Denmark, and in North America—with immediate effect.
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Anders Boyer Resigns as CFO of GN Store Nord, GN ReSound
GN Store Nord (GN), Copenhagen, has announced that Anders Boyer has decided to resign as CFO of GN Store Nord and GN ReSound. Boyer will continue at GN as CFO during his termination period and will be part of the process to identify his successor.
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Updated: GN Reports Good Growth in Q2 but Disappoints Analysts; Financial Fraud Reported at Beltone
GN Store Nord reported 8% organic growth and increased its EBITA by 7% in the second quarter of 2015, but fell short of the high expectations of the financial community. GN also reported the discovery that Beltone’s VP of Finance had committed accounting fraud, resulting in a one-time Q2 loss of $22.3 million and Todd Murray’s resignation as senior VP of the company.
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GN Store Nord Reports on Strong 4th Quarter Results; New Upcoming Hearing Aid Lines
In its annual report, GN Store Nord reported strong fourth-quarter financial results that were in line with analysts’ guidance: an organic growth of 13% for Q4. For 2014, GN ReSound delivered 8% organic growth, driven by its MFi ReSound LiNX™ and Beltone First product lines, while GN Netcom had 11% organic growth.
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GN Reports Continued Strong Growth in Q3 2014
GN Store Nord A/S—the Danish parent company of ReSound, Beltone, Interton, Otometrics, and GN Netcom (maker of Jabra headsets—reported 8% organic revenue growth and a 14% increase in EBITA for the third quarter of 2014.
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