Report
Oliver Metzger

GN Store Nord : Guidance cut at GN Audio already reflected in share price

>Preliminary Q3 results - GN Store Nord’s preliminary Q3 revenues of DKK 4701m (+24.1% y-o-y, -2% vs ODDO BHF) reflected an organic decline of -1%. Q3 adj. EBITA reached DKK 548m (margin 11.7%), which was 4%/12% below expectations.Solid performance despite headwinds for GN Hearing - GN Hearing’s Q3 revenues of DKK 1,554m (+15.4% y-o-y, -3% vs of expectations) experienced a flat organic development in a slightly declining hearing aid market, which we r...
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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