First Quarter Highlights
GN's financial results for both its continuing operations (Headsets) and
discontinuing operations (Hearing Instruments and Audiologic Diagnostics
Equipment) were better than expected.
The performance of the continuing operations reflected the strong developments
of CC&O Headsets, but also the fact that the Mobile Headsets business is still
undergoing the restructuring phase initiated.
• Revenue fell to DKK 753 million from DKK 915 million in Q1 2006.
• EBITA fell to DKK 8 million from DKK 57 million in Q1 2006.
• Earnings before tax was DKK (11) million, compared to a profit of DKK 52
million in Q1 2006.
• Cash flows from operations were DKK 137 million against DKK 178 million in Q1
2006.
