Turnover: 2.5 billion EUR (2022)

Country: Denmark

Gn Hearing has three hearing instrument brands, ReSound GN, Beltone and Interton, with ReSound being the most iconic.

The ReSound brand has its origins in two separate Danish companies. The older of the two is undoubtedly Danavox. This group was founded in 1943 and presented its first hearing aid in 1947. This device used very advanced technology for its time, which allowed Danavox to quickly become the Danish market leader. In 1977 Great Northern, a large Danish telecommunications company, bought Danavox.

ReSound offers a wide range of products, including many different series that differ in the technologies they employ. The hearing instruments in a series are characterised by their shape, colour and the way they can be worn.

 

Almost all product lines include a Behind-The-Ear (BTE) device, which can be worn behind the ear. This is the most common and usually the most economical solution.

Some ReSound instrument series include in-the-ear (ITE) instruments. These can be placed directly in the ear canal. There are many different versions of ITEs. One of these is the In-the- Canal (IC) model, which is partially placed in the ear canal. An increasing number of clients are choosing CIC (completely in the canal) instruments. These fit completely in the ear canal and are therefore barely visible. On the other hand, ReSound offers a number of CIC models that are not only visually pleasing, but also particularly comfortable.

The LINX series, launched on the market in 2014, has a special significance. This hearing aid is the first to have been awarded the "Made for iPhone" label. It offers the possibility to link the hearing aid directly with one's smartphone and other electronic devices, to contribute to a unique hearing experience.

The group employs 6000 people

Financial Data

DUNS: 509689915

Legal Name: GN HEARING SAS

Address: 19 RUE D ARCUEIL BATIMENT QUEBEC, 94150 RUNGIS

Number of employees: Entre 20 et 49 salariés (2021)

Capital: 2 300 000 EUR


Financial Data:

Year 2021 2020 2019 2018 2017 2016 2015
Turnover 20 285 759 14 348 115 20 436 664 26 008 290 23 671 945 24 320 597 23 711 919
Gross margin (€) 9 984 202 8 727 531 9 772 291 11 239 426 10 800 917 11 781 584 11 942 334
EBITDA (€) 1 428 800 989 612 806 737 1 356 007 1 077 829 543 724 1 047 028
Operating profit (€) 840 043 805 375 349 849 1 458 629 920 416 963 097 925 407
Net profit (€) 488 906 382 002 229 554 998 843 562 653 643 051 1 066 417
Turnover growth rate (%) 41,4 -29,8 -21,4 9,9 -2,7 2,6 -
Ebitda margin rate (%) 7 6,9 3,9 5,2 4,6 2,2 4,4
Operating margin rate (%) 4,1 5,6 1,7 5,6 3,9 4 3,9
Working Capital (turnover days) -19,2 -90,9 33,1 -52,8 -85,9 -49,1 -48,3
Working Capital requirements (turnover days) -10,6 -93,8 -23,5 -11 -53,5 -18,5 -46,1
Net margin (%) 2,4 2,7 1,1 3,8 2,4 2,6 4,5
Added value / Turnover (%) 26,6 34 24,6 20,7 20,2 10,5 21,1
Wages and social charges (€) 3 699 555 3 644 445 3 973 955 3 885 088 3 401 249 3 458 652 3 604 708
Salaries / Turnover (%) 18,2 25,4 19,4 14,9 14,4 14,2 15,2

Company Managers:

Position First Name Last Name Age Linkedin
Président Thomas, John Woods 58
Directeur général Xavier, Thierry Temmos 46

Studies mentioning this company

The hearing aid market - France

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The hearing aid market - Italy

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The Hearing Aid Market - United States

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