Report
Oliver Metzger

GN Store Nord : Massive capital increase to dominate share price

>Massive capital increase - The company announced a capital increase by DKK 7bn to strengthen its balance sheet and to provide appropriate financial flexibility. Through the offering of new shares with pre-emptive rights, the company will bring back its leverage to the range of 1-2x NIBD/EBITDA. The capital increase is fully underwritten. While we do not regard the capital increase as necessary given the company debt maturity profile, it provides the company with a ma...
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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