GN Store Nord : Q4 review – Miss on bottom line, 2024 guidance in line with consensus
>Q4 bottom line results at group level below expectations - GN Store Nord achieved Q4 revenues of DKK 5,069m (-3.8% y-o-y, 0%/+1% vs ODDO BHF/consensus). Q4 adj. EBITA reached DKK 644m (+25.5% y-o-y, margin 12.7%), which was 14% below our estimates and 18% below the consensus. EPS reached DKK 2.86 (vs DKK 3.42/3.53 expected).GN Hearing with continued strong performance - GN Hearing’s Q4 revenues of DKK 1,808m (+0.1% y-o-y, 0%/-2% vs expectations) expe...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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