Morningstar - GN Store Nord A/S (GN) Healthy Growth in the VA Segment and Audio Business for GN Store Nord

Report

Morningstar

Alex Morozov

EUR 100.00 For Business Accounts Only

Healthy Growth in the VA Segment and Audio Business for GN Store Nord

GN Store Nord's first-quarter results were robust, with revenue up 19% organically. We were surprised by an unusually weak cash flow conversion for the company, driven by the increasing receivables and inventory balances. The company anticipates normalization for these lines over the remainder of the year; for now we aren't making any changes to our valuation or our narrow moat rating. Shares are moderately overvalued.Â
The hearing business' performance was in line with our forecast. The company...

01/05/2019 14 EN

Underlying

GN Store Nord A/S

GN Store Nord is an electronics communication products group based in Denmark. Co. is engaged in the manufacture and marketing of products for personal communication. Co.'s product offering includes hearing instruments, corded and wireless headsets, and audiologic diagnostics equipment used to test people's hearing and sense of balance. In addition, Co. offers products and accessories such as speakers, amplifiers, headset telephones, and adapters, as well as software and equipment for fitting hearing instruments. Co.'s operations are organized along two business divisions: GN Netcom (headsets) and GN ReSound (advanced hearing instruments).

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DK0010272632 Nasdaq Nordic Copenhagen Denmark

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Alex Morozov

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Healthy Growth in the VA Segment and Audio Business for GN Store Nord

Major shareholder notification – BlackRock, Inc.

GN Store Nord: 1 director

Trading in GN Store Nord shares by board members, executives and associated persons

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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