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November 28, 2015 3:34 AM ET

Healthcare Equipment and Supplies

Company Overview of ReSound Corporation

Company Overview

As of June 14, 1999, ReSound Corporation was acquired by GN ReSound North America. ReSound Corporation is engaged in the design, development, manufacture, and sale of hearing and communications devices. It uses multiband full dynamic range compression sound processing technology in its products. The company distributes its hearing healthcare products in approximately 35 countries. The company was founded in 1984 and is based in Redwood City, California.

220 Saginaw Drive

Seaport Centre

Redwood City, CA 94063

United States

Founded in 1984

1,041 Employees





Key Executives for ReSound Corporation

ReSound Corporation does not have any Key Executives recorded.

ReSound Corporation Key Developments

GN ReSound Unveils New Wireless Hearing Aids

GN ReSound has announced the launch of the ReSound Enya, and the corresponding Beltone Ally family of wireless hearing aids. ReSound Enya and Beltone Ally deliver excellent sound quality in discreet, durable models designed to meet the challenges of a rich and active lifestyle. With ReSound Enya or Beltone Ally, users can enjoy clear speech and a comfortable listening experience in everyday situations both indoors and outdoors.

GN ReSound Reports Unaudited Earnings Results for the Second Quarter and Year to Date 2015; Revised Earnings Guidance for the Year 2015; Provides Earnings Guidance for the Year 2016

GN ReSound reported unaudited earnings results for the second quarter and year to date 2015. For the quarter, the company's revenue was DKK 1,271 million compared to DKK 1,108 million a year ago. EBITA was DKK 218 million compared to DKK 210 million a year ago. Free cash flow excluding company acquisitions and divestments was DKK 225 million compared to DKK 134 million a year ago. For the year to date 2015, the company's revenue was DKK 2,462 million compared to DKK 2,135 million a year ago. EBITA was DKK 418 million compared to DKK 380 million a year ago. Free cash flow excluding company acquisitions and divestments was DKK 192 million compared to DKK 84 million a year ago. For the year 2015, the company revised its organic revenue growth guidance to around 8% from the previous estimate of more than 6%; revised its EBITA guidance to around DKK 1,000 million from the previous estimate of more than DKK 975 million. For the year 2016, the company expected organic revenue growth of more than 3% above market growth, EBITA margin of more than 21.5%, and ROIC of more than 18.6%.

GN ReSound and Costco Extends Current Supply Agreement and Partnership

GN ReSound and Costco have agreed to extend the current supply agreement and partnership. The new agreement builds on and further strengthens the partnership between the two companies, and signals that GN ReSound will continue to be an important partner for Costco's hearing aid business.

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