GN Store Nord : Q3 2023 review - GN Hearing ongoing strength
>Solid at group level - GN Store Nord achieved Q3 revenues of DKK 4,443m (-5.5% y-o-y, 2%/-1% vs ODDO BHF/consensus). Q3 adj. EBITA reached DKK 495m (-9.7% y-o-y, margin 11.1%), which was 2% below our estimate, but 2% below the consensus. EPS reached DKK 2.33 (vs DKK 1.23/1.41 expected). At group level, the FY guidance range on organic growth is narrowed to -2% to 0% (from -4% to +2%). GN Hearing – strong performance continues - GN Hearing’s Q3 reven...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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