Analyst: GN Resound is ”a company with great confidence”
Sydbank’s analyst praises GN Resound for delivering strong Q4 results and full-year results in line with its guidance, adding that there are no unfortunate cases overshadowing the bigger picture this time around.
BY LOUISE WENDT JENSEN
With last week’s publication of its annual report for 2015, Denmark’s GN Resound has finally closed the chapter on a fraud case in its US-based subsidiary Beltone costing it DKK 150 million. Meanwhile the company has settled a patent dispute with homegrown rival William Demant in January, which made for a report with “no disturbing elements”, says Morten Imsgard, senior analyst with Sydbank.
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