GN Store Nord : Q1 review : weaker start as expected, strong headwind from supply
>Group – below expectations - GN Store Nord’s Q1 revenues of DKK 3,859m (-6.1% y-o-y, -5%/-3% vs ODDO BHF/consensus) were hold back by an organic decline of 21%. Acquisitions contributed to 12 percentage points. forex to 3% tailwind. Q1 EBITA reached DKK 16m (margin 0.4%) was better than expected, but heavily impacted by the acquisition of Lively and SteelSeries. EPS reached DKK -1.50.GN Hearing – Sequential improvement - GN Hearing’s Q1 revenues of D...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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