GN Store Nord : Q2 review – Severe SteelSeries warning, Hearing and enterprise fine
>Positive quarterly development at group level - GN Store Nord’s Q2 revenues of DKK 4,857m (+28.6% y-o-y, 3%/1% vs ODDO BHF/consensus) reflected an organic increase of 8%, external growth of 14% and forex tailwind of 7%. Q2 adj. EBITA reached DKK 610m (margin 12.6%), which was 4% below expectations. Adj. EPS reached DKK 3.17.GN Hearing – not that bad, platform launch, guidance confirmed - GN Hearing’s Q2 revenues of DKK 1,529m (+15.7% y-o-y, 4%/3% ah...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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