Gn Store Nord A/S Adr (GNNDY) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.418 Hello, everyone, and welcome to GN's conference call in relation to a Q1 report announced 00:00:05.418 -- 00:00:09.623 yesterday evening. Participating in today's call is Group CEO Peter Karlstrømmer, Group 00:00:09.623 -- 00:00:13.608 CFO Søren Jelert, and myself, Rune Sanner, head of Investor Relations. 00:00:13.608 -- 00:00:17.272 The presentation is expected to last about 20 minutes, after which we'll turn to the 00:00:17.272 -- 00:00:22.218 Q&A session. The presentation should already be uploaded on GN.com. 00:00:22.218 -- 00:00:26.921 And with that, I'm happy to hand over to Peter for some opening remarks. 00:00:26.963 -- 00:00:30.630 Thank you, Rune, and thanks to all of you for joining us today. 00:00:30.630 -- 00:00:33.275 Let's start with some highlights on the quarter. 00:00:33.275 -- 00:00:36.322 Our enterprise business experienced strong growth in the U.S. 00:00:36.322 -- 00:00:41.372 and the APAC market, while EMEA continues to experience weak demand and some level of 00:00:41.372 -- 00:00:46.382 channel inventory reductions. We started shipment of our Wall Free range at 00:00:46.382 -- 00:00:51.152 the beginning of March and we have been very encouraged by what we have seen so far. 00:00:51.152 -- 00:00:56.002 During the quarter we experienced significant growth in the premium segments of headsets. 00:00:56.002 -- 00:01:00.231 This is exciting as we will be launching further additions to the Wall Free family later 00:01:00.231 -- 00:01:04.381 this year. that will gradually support our growth in enterprise. 00:01:04.381 -- 00:01:08.852 On the margin side, we have had a soft quarter as expected due to the annualization of 00:01:08.852 -- 00:01:13.423 tariffs and inventory provisions related to warehouse movement in the...