First quarter summary
The financial results of both GN Netcom and GN ReSound were in line with
expectations.
First quarter 2008 highlights
• Total GN revenue was DKK 1,411 million. Exchange rate fluctuations impacted
revenue by (6)% compared to Q1 2007.
• Total EBITA was DKK 27 million.
• GN Netcom revenue was DKK 636 million, equivalent to (8)% organic growth.
• GN Netcom EBITA was DKK 3 million, or DKK 8 million exclusive of non-recurring
costs of DKK 5 million.
• GN ReSound revenue was DKK 772 million, equal to positive organic growth of
1% driven by “dot by ReSound™”.
• GN ReSound EBITA was DKK 31 million.
• Henrik Juuel appointed new CFO of GN ReSound.
Full-year guidance
• GN's forecasts for revenue and earnings are in line with the guidance
provided on February 21.
• EBITA for GN Netcom: DKK 125-175 million excluding non-recurring items of
approximately DKK 75 million.
• EBITA for GN ReSound: DKK 250-300 million.
For further information, please contact:
Jens Bille Bergholdt
VP, Finance, IR & Communications
GN Store Nord A/S
Tel: +45 45 75 00 00
