GN Posts Strong Growth in Q1 of 2019; Scott Davis Named President of GN North America
BALLERUP, DENMARK — The GN Group reported 19% organic revenue growth in the first quarter of 2019. Earnings Per Share (EPS) increased 25% compared to the same period last year. GN Interim Report Q1 2019 Highlights GN Hearing GN Hearing delivered 8% organic revenue growth in Q1 2019. Revenue growth was 10% including…
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GN 2018 Annual Report: Company Posts 13% Organic Growth and Margin Increase
BALLERUP, DENMARK — GN Store Nord’s 2017 – 2019 strategy continues to pay off for the company. In its 2018 Annual Report, the company has posted organic revenue growth of 13%, based on the strong performance of both the GN Hearing and Audio divisions. With important product launches during the year, GN believes it is…
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GN Hearing Appoints Jakob Gudbrand as New CEO
BALLERUP, DENMARK — The GN Group announced today the appointment of Jakob Gudbrand as CEO of GN Hearing and member of GN Store Nord’s Executive Management, effective as of February 18, 2019. The announcement comes following the resignation of Anders Hedegaard as CEO of GN Hearing in October of this year. Gudbrand comes to GN from a position…
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GN Releases Interim Report Q3 of 2018: Double Digit Organic Growth, with Audio Division Continuing to Deliver Strong Results
BALLERUP, DENMARK — In the third quarter of 2018, GN Hearing continues to report strong performance in the independent sector, in what the company said is in line with its 2017-2019 strategy, particularly in North America, where the company says it has witnessed double digit organic revenue growth driven by the LiNX 3D hearing aid…
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GN Hearing Announces Resignation of CEO, Anders Hedegaard
BALLERUP, DENMARK — The GN Group announced today the resignation of Anders Hedegaard, CEO of GN Hearing. According to the announcement, Marcus Desimoni will act as interim CEO of GN Hearing, in parallel with his role as CFO of GN Store Nord and GN Hearing, until a new CEO of GN Hearing is appointed. Desimoni, together with…
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The GN Group Reports Double Digit Organic Revenue Growth and Margin Increase
BALLERUP, DENMARK – The GN Store Nord released its second quarter (Q2) results for 2018, reporting strong double digit organic revenue grown and margin increase. The results exceeded analyst expectations, particularly for the company’s Audio division, which has been performing particularly well. Some of the highlights of the company’s Interim Report 2018 included: 11% organic…
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GN Announces Development of New Communication Device for Soldiers in Combat
COPENHAGEN, DENMARK — Hearing aid maker, GN Store Nord, announced today that it has developed a new hearing protection device that allows soldiers to communicate on the battlefield, while also protecting their hearing. GN says that it will begin participating in military tenders in the US and with other NATO-countries this year, but says the…
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GN Signs Agreement with European Investment Bank for 100M Euro Financing to Support Hearing Aid R&D
BALLERUP, DENMARK — The GN Store Nord, parent company of GN ReSound, announced that it has signed an agreement with the European Investment Bank (EIB) for a €100 million loan agreement to support the company’s research and development into new hearing aids. Specifically, the company said the investment will focus on “strengthening its hardware and…
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GN Audio Loses Antitrust Lawsuit Filed Against Plantronics
WILMINGTON, DELAWARE — On October 18, 2017, a jury in Federal District Court in Delaware ruled in favor of Plantronics in a lawsuit brought by GN Audio (formerly GN Netcom) in 2012 against the company over its business practices. Despite Plantronics having received a $3 million sanction in 2016 over intentionally deleting thousands of emails…
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GN-Owned Jabra Aims to Take on Bragi, Samsung; Launches New Hearable
BALLERUP, DENMARK — Headset maker Jabra, a subsidiary company of the GN Group, announced the upcoming release of what it dubs as the “most technologically advanced wireless earbuds” available: the Elite Sport. The new Elite Sport wireless earbuds will come fully equipped with a heart rate monitor, music/stereo streaming, in-ear audio coaching with real time feedback, and…
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