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GN Hearing maintains guidance – still predicts 25 percent growth for 2021

Hearing aid company GN Hearing maintains its guidance for 2021 from the firm's presentation of its annual report in February. Thus, it forecasts that its revenue will grow more than 25 percent organically.

Photo: GN Store Nord / PR

Denmark-based company GN Hearing maintains its guidance for 2021, and thus, still envisions organic growth in the 25 percent range and an earnings before interest, taxation and amortization (EBITA) margin at more than 16 percent, which the company communicates in an announcement to the stock exchange on Wednesday morning in a financial update containing preliminary figures for the firm's Q1.

"We still expect that the EBITA margin in a more normalized market in the second half-year of 2021 will improve to reach our goal in the medium-long term at more than 20 percent," GN writes.

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