GN Store Nord : Becoming also more cautious on GN Audio?
>Guidance downgraded for GN Audio - GN Audio’s Q3 revenues of DKK 2,440m (+0.8% y-o-y) were 1%/-1% vs ODDO BHF /consensus. Organic growth for the quarter was 1.0%, which compares to expectations of around 2%. While organic growth over the first half was an impressive 57%, we acknowledge that the comparison base for GN Audio for the third quarter was pretty high. In Q3 2020, the company achieved 72% organic growth. From a regional perspective, North America achieved 3%...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).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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