Guidance updated: Impact from and mitigation to navigate the global trade environment

Core Viewpoint - GN is taking proactive measures to mitigate the negative impacts of increased tariffs on its EBITA margin and mid-term earnings growth, aiming to counteract the uncertainty in the market environment [1][2][3]. Financial Guidance for 2025 - GN's updated financial guidance for 2025 indicates an organic revenue growth expectation of -3% to +3%, with an EBITA margin projected to be 11% to 13%, and confirmed free cash flow of approximately 800 million DKK [4]. Hearing Division - The hearing aid market is expected to grow at a rate of 4-6% in volume, with a slight decline in average selling price (ASP) of -1%, leading to an overall market value growth of 3-5%. GN anticipates organic revenue growth of 5% to 9% in this division [6]. Enterprise Division - The Enterprise division is facing a negative impact on revenue growth, projected at -8% to 0%, due to postponed IT projects and prioritization of product variants shipped to the U.S. until supply chain diversification is completed [7]. Gaming Division - The Gaming division expects organic revenue growth of -6% to +2%, influenced by a decline in consumer sentiment and prioritization of product variants for U.S. customers. The company is accelerating its manufacturing diversification to reduce reliance on China by the end of 2025 [8][9].