Report
Oliver Metzger

GN Store Nord : Enterprise turnaround takes longer, but Hearing and Gaming strong

>Hearing with strong outperformance of underlying market - GN Hearing achieved a strong organic growth of 12% in the first half of 2024, which is a meaningful outperformance of the underlying hearing aid market, which grew at around 4% in our view. The driver behind the strong performance is the Resound Nexia hearing aid series, which has contributed to the strong development around the globe. We leave our segmental top-line forecast virtually unchanged but become mo...
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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Oliver Metzger

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