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

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WEBVTT 00:00:00.031 -- 00:00:04.837 Hello everyone, and welcome to GN's conference call in relation to a Q2 report announced 00:00:04.837 -- 00:00:09.603 this morning. Participating in today's call is Group CEO Peter Karlstrømmer, Group CFO 00:00:09.603 -- 00:00:13.087 Søren Jelert, and myself, Rune Saner, Head of Investor Relations. 00:00:13.087 -- 00:00:16.591 The presentation is expected to last about 20 minutes, after which we'll turn to the 00:00:16.591 -- 00:00:20.336 Q&A session. The presentation is already uploaded on GN.com. 00:00:20.336 -- 00:00:25.019 And with that, I'm happy to hand over to Peter for some opening remarks. 00:00:25.903 -- 00:00:30.406 Thank you, Rune, and thank you all for joining us today. 00:00:30.406 -- 00:00:35.413 In Q2, we executed well and successfully navigated a challenged market 00:00:35.413 -- 00:00:38.077 environment with uncertain trade policies. 00:00:38.077 -- 00:00:42.684 We controlled our revenue and margin and have set us up successfully for delivering on 00:00:42.684 -- 00:00:48.012 our year in line with our guidance. Importantly, we also executed significant 00:00:48.012 -- 00:00:52.819 changes in our supply chain that will support the margin expansion towards our strategic 00:00:52.819 -- 00:00:54.520 ambitions. 00:00:54.520 -- 00:00:58.286 In hearing, the launch of ReSound Vivya is progressing well. 00:00:58.286 -- 00:01:02.794 With the help of Vivya's strong value proposition and our strong market execution, we 00:01:02.794 -- 00:01:06.099 gained market share and grew 8% organically. 00:01:06.099 -- 00:01:10.626 We are very pleased with its performance in markets that are growing below the structural 00:01:10.626 -- 00:01:12.109 trends. 00:01:12.109 -- 00:01:17.257 We are also excited by our recently announced new su...