Maja Pataki's questions to GNNDY leadership • Q3 2023
Question
Asked about the expected growth drivers for the enterprise market once it recovers, how the DKK 600 million in cost synergies relate to the 20% EBITA margin target for Hearing, and the reason for the growth slowdown in the Emerging Hearing business.
Answer
Long-term enterprise growth drivers like hybrid work remain intact, though the recovery timeline is uncertain. The announced synergies will support and increase the likelihood of achieving the 20% core Hearing margin target. The Emerging business (JabraEnhance.com) is growing according to plan, up 37% year-to-date, and is on track to reach profitability goals by late 2025 or early 2026.