COPENHAGEN, Denmark, May 3, 2007 (PRIME NEWSWIRE) -- First Quarter Highlights
GN's financial results for both its continuing operations (Headsets) and discontinuing operations (Hearing Instruments and Audiologic Diagnostics Equipment) were better than expected. The performance of the continuing operations reflected the strong developments of CC&O Headsets, but also the fact that the Mobile Headsets business is still undergoing the restructuring phase initiated.
* Revenue fell to DKK 753 million from DKK 915 million in Q1 2006.
* EBITA fell to DKK 8 million from DKK 57 million in Q1 2006.
* Earnings before tax was DKK (11) million, compared to a profit of
DKK 52 million in Q1 2006.
* Cash flows from operations were DKK 137 million against DKK 178
million in Q1 2006.