Gn Store Nord A/S Adr (GNNDY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to GN's conference call in relation to our annual report announced this morning. Participating in today's call is Group CEO Peter Karlstrammer, Group CFO Søren Hedert and myself, Rune Søren, 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 today. 25 were a year where we continued to execute on our strategic and operational agenda in a difficult market environment influenced by uncertain trade and macroeconomic weakness. In hearing, we continue to deliver very strong performance and we are now at record high market shares driven by recent Vivia that was launched in the beginning of the year. Our premium products sell very well and our margin is under control in spite of an adverse country and business growth mix in 2025. Our product and software platforms are in strong shape and we plan to launch further innovation in 2026 that will support our growth. In enterprise, the US and APAC market continue to grow modestly throughout the year, while the European market still experiences some weakness. We are pleased with our own execution in this environment and well prepared to benefit from a continued gradual strengthening of the market. In 2025, we successfully accelerated several supply chain and pricing initiatives to manage the uncertain trade environment. We have managed this well and have mitigated most of this change. We have a strong pipeline of products in video and headsets that we will launch in 26. The most important one for our financial results is the Vol3 headset platform, which we announc...