GN Store Nord : Q2 review – Hearing and Consumer & Enterprise strong
>Q2 2024 review – Revenues in line, beat on consensus on EBITA - GN Store Nord achieved Q2 2024 revenues of DKK 4,499m (+2.4% y-o-y, 0%/-1% vs ODDO BHF/consensus). Q2 EBITA reached DKK 374m (+13.0% y-o-y, margin 8.3%), which was -2% below our expectations but 3% ahead of the consensus. EPS reached DKK 0.66 (vs DKK 0.73/0.71 expected). The 2024 guidance is confirmed.GN Hearing - Strong organic growth continues - GN Hearing’s Q2 revenues of DKK 1,792m (...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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