Nordea Hearing Aid Seminar - GN Store Nord
Nordea Hearing Aid Seminar - GN Store Nord
Nordea Hearing Aid Seminar - GN Store Nord
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May 27, 2011<br />
Financial Targets – <strong>GN</strong> ReSound<br />
2011 guidance:<br />
• More than 6% organic growth<br />
• EBITA: DKK 425-475 million<br />
2013 targets:<br />
• Revenue: Around DKK 3.7 billion<br />
• EBITA margin: Around 20%<br />
Key assumptions:<br />
• Revenue growth in line with or above the<br />
market<br />
• Average value market growth of 3-5%<br />
per year<br />
• Stronger presence in top-end segment.<br />
• Supply chain transformation delivering<br />
up to DKK 200 million in cost reductions<br />
by end 2011<br />
• High operational leverage – while<br />
investing in cutting-edge technology<br />
DKK<br />
4.0<br />
billion<br />
3.0<br />
2.0<br />
1.0<br />
0.0<br />
25%<br />
20%<br />
15%<br />
10%<br />
5%<br />
0%<br />
<strong>GN</strong> ReSound revenue<br />
<strong>GN</strong> ReSound EBITA margin<br />
26<br />
Around<br />
3.7<br />
2009 2010 2011 2013<br />
Around<br />
20%<br />
2009 2010 2011 2013<br />
Slide 26
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