Gn Store Nord A/S Adr (GNNDY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to GN's conference call in relation to a Q1 report announced last night. Participating in today's call is Group CEO Peter Karlstrammer, Group CFO Søren Jelert, and myself, Rune Saner, Head of Investor Relations. The presentation is expected to last about 25 minutes, after which we'll turn to the Q&A session. The presentation is already uploaded on GN.com. And with that, I'm happy to hand over to Peter for some opening remarks. Thank you, Rune, and thank you all for joining us here today. This is a special call at a special time, given the elevated uncertainty we experience around the world. Today, we will start our presentation with our Q1 highlights, and then we will spend some time at the end of the presentation on how we are approaching the challenges we are facing from the fast-evolving global trade environment. Hopefully, this will provide you with an increased level of understanding and clarity as well as better visibility of the actions we are taking to navigate the situation well. Let me start with the highlights on slide 4. While we acknowledge that our Q1 financial results were influenced by very short-term factors, we are optimistic about the underlying strength of our business and we are confident in the proactive steps we are taking to navigate the uncertain global trade environment. In hearing, the launch of Reason Vivia is progressing well, even surpassing the launch metrics of our previous successful product introductions. We have experienced healthy market share gains in all the markets where Vivia have been launched, which bodes well for our business in the coming quarters. In Q1, we experienced a weak US market and also relatively weak international markets. We also had some slowdown of our business due to the ongoing V...