GN Store Nord : Q2 due 18 August – Recovery of GN Audio, but what happens with guidance
>GN Hearing - GN Hearing’s Q2 revenues of DKK 1,465m (+10.8% y-o-y, 2% below consensus) should be pushed by organic growth of 4.5% (consensus 3.3%), external growth of 1% and a forex tailwind of 530bp in our view. We expect a segmental adjusted EBITA of DKK 120m (-21.6% y-o-y, margin 8.2%), which compares to consensus’ DKK 89m. As we predict the launch of the new platform within this month, we do not regard the development of GN Hearing as so important for the share ...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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