Gn Store Nord A/S Adr (GNNDY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone, and welcome to GN's conference call in relation to a Q2 report announced this morning. Participating in today's call is Group CEO Peter Karlstrømmer, Group CFO Søren Jelert, and myself, Rune Saner, Head of Investor Relations. The presentation is expected to last about 20 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 today. In Q2, we executed well and successfully navigated a challenged market environment with uncertain trade policies. We controlled our revenue and margin and have set us up successfully for delivering on our year in line with our guidance. Importantly, we also executed significant changes in our supply chain that will support the margin expansion towards our strategic ambitions. In hearing, the launch of ReSound Vivya is progressing well. With the help of Vivya's strong value proposition and our strong market execution, we gained market share and grew 8% organically. We are very pleased with its performance in markets that are growing below the structural trends. We are also excited by our recently announced new superpower hearing aid, ReSound Enso IA, which will help us to build on the strong launch momentum from Vivya. In enterprise, we continue to see positive seller growth across North America and the rest of the world, in line with what we also saw in Q4-24 and Q1. In Europe, the market continues to be challenged by a weak macro environment and the indirect effects of the global trade uncertainty. Despite the challenges, enterprise has successfully maintained a strong market-leading position, making us prepared to benefit when the market turns. Furthermore,...