Report
Oliver Metzger

GN Store Nord : Q3 2023 review – Lower end of guidance range for Enterprise

>Q3 review - Miss on top line, EBITA as expected, beat on EPS level - GN Store Nord achieved Q3 2024 revenues of DKK 4,164m (-6.3% y-o-y, -6%/-5% vs ODDO BHF/consensus). Q3 EBITA reached DKK 553m (+18.7% y-o-y, margin 13.3%), which was in line with our and the consensus’ expectations. EPS reached DKK 1.86, well ahead of our DKK 1.44 and consensus’ DKK 1.34.GN Hearing continues its strong market outperformance - GN Hearing’s Q3 revenues of DKK 1,725m (...
Underlying
GN Store Nord A/S

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Oliver Metzger

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