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GN Store Nord A/S (GNNDY)

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227.740.00 (0.00%)
At close: 9:34AM EDT
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Neutralpattern detected
Previous Close227.74
Open232.88
Bid0.00 x 0
Ask0.00 x 0
Day's Range227.74 - 227.74
52 Week Range120.20 - 232.88
Volume107
Avg. Volume13
Market Cap9.705B
Beta (5Y Monthly)0.61
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.65 (0.29%)
Ex-Dividend DateMar 12, 2020
1y Target EstN/A
  • GlobeNewswire

    GN Store Nord upgrades GN Audio’s financial guidance for 2020

    Pre-release of preliminary key figures for Q3 2020 as a function of GN Audio performing significantly better than projected during Q3 2020; DKKmGN HearingGN AudioOther Revenue1,3182,420  Organic revenue growth-11%71%  EBITA169550*-39 EBITA margin12.8%22.7%*  * Before gain from legal settlements and litigation of DKK 114 million. The EBITA will be DKK 664 million, and the margin will be 27.4%, including the gain.Update on financial guidance for 2020 Based on the preliminary Q3 numbers, GN Audio upgrades the financial guidance for 2020, all other parameters are unchanged.For full year 2020, GN Audio upgrades the guidance communicated on August 19, 2020 from an organic revenue growth of more than 25% to more than 35%. The EBITA margin is upgraded from more than 20% to more than 21%. The EBITA margin expectation for GN Audio is before any extraordinary items related to legal settlements and litigation.For full year 2020, GN Hearing expects an organic revenue growth to be better than -30%, and an EBITA margin of better than 0%. No change to guidance communicated on August 19, 2020.For full year 2020, EBITA in “Other” is expected to be around DKK -180 million. No change to guidance communicated on August 19, 2020.Based on the updated expectations for GN Audio, GN Store Nord expects to deliver a positive EPS for full year 2020. This EPS expectation is before any extraordinary items related to legal settlements and litigation. No change to guidance communicated on August 19, 2020.Due to the COVID-19 situation – which impacts the company in many different ways – it must be stressed that the basic assumptions behind the guidance remain significantly more uncertain than normal.COVID-19 risks On August 19, 2020, GN updated the financial guidance for 2020. The above upgraded guidance comes with great uncertainty due to the continued COVID-19 pandemic.The COVID-19 situation has and will not only strongly impact GN’s operational performance in 2020, but it will also impact predictability and visibility across GN’s markets, channels and supply chain.The full year guidance is contingent on no further re-tightening of COVID-19 related lockdown restrictions or new supply chain constrains. GN Store Nord will, as previously communicated, release its interim Q3 2020 report on November 11, 2020, with further details on the performance in Q3, and will host a teleconference for investors and analysts on the same day.For further information, please contact: Investors and analysts Morten P. Toft Vice President – Investor Relations & Treasury Tel: +45 45 75 46 07orRune Sandager Senior Manager – Investor Relations  Tel: +45 45 75 92 57 Press and the media Steen Frentz Laursen Vice President – Group Communication Tel: +45 20 65 34 20OrLars Otto Andersen-Lange Head of Media Relations & Corporate Public Affairs Tel: +45 45 75 02 55 About GN GroupThe GN Group enables people to Hear More, Do More and Be More through its intelligent hearing, audio and video collaboration solutions. Inspired by people and driven by our innovation leadership, we leverage technological synergies between our hearing and audio divisions to deliver unique and increasingly individualized user experiences in our products and solutions. 150 years ago, GN was founded with a truly innovative and global mindset. Today, we honor that legacy with world-leading expertise in the human ear, sound and video processing, wireless technology, miniaturization and collaborations with leading technology partners. GN's solutions are marketed by the brands ReSound, Beltone, Interton, Jabra, BlueParrott and FalCom in 100 countries. Founded in 1869, the GN Group employs 6,500 people and is listed on Nasdaq Copenhagen (GN.CO).Visit our homepage GN.com - and connect with us on LinkedIn, Facebook and Twitter.Attachment * Announcement 34 - Guidance upgrade

  • GlobeNewswire

    GN Store Nord A/S announces changes in financial leadership

    GN Store Nord announces that Marcus Desimoni, our CFO for the past five years, will be leaving GN as of December 31, 2020. He will step down from his dual position as CFO of GN Store Nord and of GN Hearing. He will remain active within GN as part of the company’s Strategy Committee. Peter la Cour Gormsen, currently CFO of GN Audio, is appointed CFO of GN Store Nord. Peter la Cour Gormsen will also remain CFO of GN Audio.Having joined GN in 2015 as CFO of GN Audio, Peter la Cour Gormsen has deep knowledge of GN and has been a strong contributor to GN Audio’s impressive growth journey. Peter la Cour Gormsen brings extensive global finance leadership experience and extensive knowledge within international management, finance, IT, and supply chain. Prior to joining GN, Peter worked for Novo Nordisk, Novozymes and Chr. Hansen. Peter also has international experience from working and living in the U.S.Morten P. Toft, currently Vice President, Investor Relations & Treasury, is appointed CFO of GN Hearing. Morten P. Toft joined GN in 2013 and has demonstrated strong financial and business leadership skills as head of M&A, head of Global Finance in GN Hearing and most recently head of IR & Treasury. Prior to joining GN, Morten was an M&A advisor with PwC Corporate Finance and has international experience from living and working in the U.K. and Singapore.Henriette Wennicke, currently Vice President, Global Finance of GN Hearing, is appointed Vice President, Investor Relations & Treasury. Henriette Wennicke has been with GN for four years in different leadership roles within finance. Prior to joining GN, Henriette held various positions in Novo Nordisk’s finance community, including leadership roles, and ending as Director, R&D Business Support.These appointments are effective January 1, 2021, enabling a smooth transition process for all those involved.“The financial results and shareholder value creation in GN, to which Marcus has been a key contributor, speak for themselves. Also, that we can appoint internal talent to the CFO positions of GN Store Nord, GN Hearing, and for the Vice President of Investor Relations & Treasury, is a compliment to Marcus’ management and people development skills. The Board looks forward to working with Peter and the new finance leadership team. We thank Marcus for his service and welcome his continued contributions to the company through the Strategy Committee,” says Chairman Per Wold-Olsen.For further information, please contact: Investors and analysts Morten P. Toft Vice President – Investor Relations & Treasury Tel: +45 45 75 46 07OrRune Sandager Senior Manager – Investor Relations  Tel: +45 45 75 92 57 Press and the media Steen Frentz Laursen Vice President – Group Communication Tel: +45 20 65 34 20OrLars Otto Andersen-Lange Head of Media Relations & Corporate Public Affairs Tel: +45 45 75 02 55 About GN GroupThe GN Group is a global leader in intelligent audio solutions that let you hear more, do more and be more than you ever thought possible. Our ambitious 150-year journey has taken us from telegraph cables to radio waves and intelligent audio engineering. To celebrate our anniversary, we look to our unique competences within medical, professional and consumer audio solutions to help us continue to transform lives through the power of sound.GN was founded with a truly innovative and global mindset. Today, we honor that legacy with world-leading expertise in the human ear, sound, wireless technology, miniaturization, and collaborations with leading technology partners. GN's solutions are marketed by the brands ReSound, Beltone, Interton, Jabra and BlueParrott in 100 countries. Founded in 1869, the GN Group employs 6,000 people and is listed on Nasdaq Copenhagen (GN.CO).Visit our homepage GN.com, get to know our innovation and leadership, and connect with us on LinkedIn, Facebook and Twitter.Attachment * Announcement 33 - Changes in GN financial leadership

  • GlobeNewswire

    Major shareholder notification – NN Group N.V.

    GN Store Nord A/S hereby announces that it has received a notification from NN Group N.V. stating that NN Group N.V. has decreased its holdings of GN shares to 4.94% of the share capital and voting rights in GN Store Nord A/S. For further information, please contact: Investors and analysts Morten P. Toft Vice President – Investor Relations & Treasury Tel: +45 45 75 46 07orRune Sandager Senior Manager – Investor Relations  Tel: +45 45 75 92 57 Press and the media Lars Otto Andersen-Lange Head of Media Relations & Corporate Public Affairs Tel: +45 45 75 02 55 About GN GroupThe GN Group enables people to Hear More, Do More and Be More through its intelligent hearing, audio and video collaboration solutions. Inspired by people and driven by our innovation leadership, we leverage technological synergies between our hearing and audio divisions to deliver unique and increasingly individualized user experiences in our products and solutions.150 years ago, GN was founded with a truly innovative and global mindset. Today, we honor that legacy with world-leading expertise in the human ear, sound and video processing, wireless technology, miniaturization and collaborations with leading technology partners. GN's solutions are marketed by the brands ReSound, Beltone, Interton, Jabra, BlueParrott and FalCom in 100 countries. Founded in 1869, the GN Group employs 6,500 people and is listed on Nasdaq Copenhagen (GN.CO).Visit our homepage GN.com - and connect with us on LinkedIn, Facebook and Twitter.Attachment * Announcement 32 - Major shareholder notification