Edition:
United Kingdom

GN Store Nord A/S (GN.CO)

GN.CO on Copenhagen Stock Exchange

328.00DKK
17 Apr 2019
Change (% chg)

kr.-11.60 (-3.42%)
Prev Close
kr.339.60
Open
kr.340.00
Day's High
kr.340.00
Day's Low
kr.326.80
Volume
490,310
Avg. Vol
491,416
52-wk High
kr.346.60
52-wk Low
kr.207.70

Latest Key Developments (Source: Significant Developments)

GN Store Nord Q4 EBITA Increased By 9% To Dkk 688 Million,
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - GN Store Nord A/S ::REG-ANNUAL REPORT 2018: GN DELIVERS ON GUIDANCE WITH 13% ORGANIC GROWTH AND EBITA MARGIN INCREASE – 18% ORGANIC GROWTH IN Q4 2018.REG-ANNUAL REPORT 2018: GN DELIVERS ON GUIDANCE WITH 13% ORGANIC GROWTH AND EBITA MARGIN INCREASE – 18% ORGANIC GROWTH IN Q4 2018.ORGANIC REVENUE GROWTH WAS 13% BASED ON STRONG EXECUTION IN BOTH GN HEARING AND GN AUDIO.DELIVERED 19% REVENUE GROWTH IN Q4 2018.Q4 EBITA INCREASED BY 9% TO DKK 688 MILLION, EQUAL TO AN EBITA MARGIN OF 21.6%.CURRENT ONE-YEAR DKK 1 BILLION SHARE BUYBACK PROGRAM WILL BE CONCLUDED NO LATER THAN MARCH 14, 2019.BOARD OF DIRECTORS WILL PROPOSE TO PAY OUT DKK 1.35 PER SHARE IN DIVIDEND FOR FISCAL YEAR 2018.IN 2019, GN STORE NORD TARGETS A DOUBLE-DIGIT PERCENTAGE INCREASE IN EARNINGS PER SHARE (EPS)..TARGETS 2017-2019 ORGANIC GROWTH 6-8% FOR HEARING ABD 6-9% FOR AUDIO.TARGETS 2-17-2019 EBITA MARGIN 20-22% FOR HEARING AND 17-19% FOR AUDIO.EXPECTS 2019 EBITA MARGIN >20% FOR HEARING AND >19% FOR AUDIO.SEES 2019 ORGANIC GROWTH ABOUT 7% FOR HEARING AND >15% FOR AUDIO.EBITA IN "OTHER" IS EXPECTED TO BE AROUND DKK (150) MILLION.IN 2019, GN STORE NORD TARGETS A DOUBLE-DIGIT PERCENTAGE INCREASE IN EARNINGS PER SHARE (EPS)..  Full Article

GN Store Nord: GN Audio To Acquire Altia Systems
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - GN Store Nord A/S ::GN AUDIO TO ACQUIRE ALTIA SYSTEMS.TOTAL PURCHASE CONSIDERATION IS UP TO USD 125 MILLION ON A DEBT AND CASH FREE BASIS.AS PART HEREOF AROUND USD 12 MILLION IS LINKED TO RETENTION AGREEMENTS TO BE EXPENSED BY GN AUDIO DURING 2019-2021.THE ACQUISITION WILL NOT HAVE A MATERIAL IMPACT ON GN STORE NORD OR GN AUDIO’S UNDERLYING FINANCIALS IN 2019.ACQUISITION IS EXPECTED TO BE ACCRETIVE TO GN AUDIO’S FINANCIALS FROM 2020.  Full Article

GS Store Q2 EBITA DKK 452 Mln, Above Expectations
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - GN Store Nord A/S ::REG-INTERIM REPORT Q2 2018: CONTINUED DOUBLE DIGIT ORGANIC REVENUE GROWTH DRIVES STRONG EBITA MARGIN INCREASE. GN AUDIO UPGRADES ORGANIC GROWTH GUIDANCE.FINANCIAL GUIDANCE FOR GN HEARING IS UNCHANGED.GN HEARING EBITA INCREASED 9% TO DKK 278 MILLION.ON TRACK TO DELIVER ON OUR PROMISES FOR 2018.DELIVERED 11% ORGANIC REVENUE GROWTH IN Q2 2018.Q2 EBITA DKK 452 MILLION (REUTERS POLL: DKK 428 MILLION).Q2 REVENUE DKK 2.56 BILLION (REUTERS POLL: DKK 2.50).GN AUDIO’S ORGANIC GROWTH GUIDANCE FOR 2018 IS UPGRADED TO “16-19%” FROM “UP TO 15%”.  Full Article

GN Store Nord Buys Back Shares For Amount Of DKK 1,000 Million​
Tuesday, 13 Mar 2018 

March 13 (Reuters) - Gn Store Nord ::‍UNDER SHARE BUYBACK PROGRAM, INITIATED ON MAY 4, 2017 AND CONCLUDED ON MARCH 12, 2018, GN HAS BOUGHT BACK SHARES FOR AN AMOUNT OF DKK 1,000 MILLION​.  Full Article

GN Store Nord looses lawsuit against Plantronics
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - GN STORE NORD SAYS:‍JURY RULES IN FAVOR OF PLANTRONICS IN GN AUDIO'S LAWSUIT AGAINST PLANTRONICS..IN 2012, GN AUDIO FILED A LAWSUIT AGAINST PLANTRONICS FOR UNLAWFUL MONOPOLIZATION OF THE DISTRIBUTORS MARKET IN THE US..THE JURY HAS NOT FOUND THAT PLANTRONICS' BEHAVIOR IN THE MARKET PLACE WAS UNLAWFUL. .GN AUDIO WILL, UPON RECEIPT OF THE WRITTEN REASONS FOR THE JUDGMENT, DECIDE WHETHER OR NOT IT WILL APPEAL THE DECISION..THIS ANNOUNCEMENT DOES NOT CHANGE THE FINANCIAL GUIDANCE FOR 2017. ​.  Full Article

GN Store Nord Q2 underlying EBITA DKK ‍386 mln, above expectations
Thursday, 17 Aug 2017 

Aug 17 (Reuters) - GN STORE NORD ::‍DELIVERED 15% REVENUE GROWTH IN Q2 2017​.‍EBITA INCREASED 15% IN Q2 2017​.Q2 REVENUE DKK ‍​2.39 BILLION (REUTERS POLL DKK 2.36 BILLION).Q2 UNDERLYING EBITA DKK ‍​ 386 MILLION (REUTERS POLL DKK 346 MILLION).  Full Article

GN Store signs strategic partnership agreement with chinese retail chain
Monday, 26 Jun 2017 

June 26 (Reuters) - GN STORE NORD ::GN HEARING SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH NEW CHINESE RETAIL CHAI.SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH EARWAY, A NEW CHINESE RETAIL CHAIN COMPOSED OF FOUR LEADING HEARING AID DISPENSERS.  Full Article

GN Store Nord places EUR 225 mln convertible bond offering
Tuesday, 23 May 2017 

May 23 (Reuters) - GN STORE NORD :GN STORE NORD SUCCESSFULLY PLACES EUR 225 MILLION ZERO COUPON CONVERTIBLE BOND OFFERING CONSISTING OF BOND WITH WARRANT UNITS.ZERO COUPON BOND WITH A FIVE-YEAR MATURITY.NET PROCEEDS TO BE USED FOR GENERAL CORPORATE PURPOSES.INITIAL STRIKE PRICE OF DKK 269.4609 REPRESENTING A PREMIUM OF 40% ABOVE VOLUME-WEIGHTED AVERAGE PRICE OF SHARES.  Full Article

GN Store Nord launches EUR 215 million zero coupon convertible bond offering
Tuesday, 23 May 2017 

May 23 (Reuters) - GN STORE NORD A/S ::LAUNCHES EUR 215 MILLION ZERO COUPON CONVERTIBLE BOND OFFERING CONSISTING OF BOND WITH WARRANT UNITS .UNITS CONSIST OF SENIOR UNSECURED ZERO COUPON BONDS DUE 2022 ( "BONDS") WITH DETACHABLE UNSECURED WARRANTS EXPIRING 2022 ( "WARRANTS").GN STORE NORD - PROCEEDS FROM OFFERING WILL BE USED FOR GENERAL CORPORATE PURPOSES INCLUDING REFINANCING OF EXISTING DEBT FACILITIES, REPURCHASE OF SHARES AND FOR FINANCING OF GROWTH OPPORTUNITIES.OFFERING WILL HAVE A SIZE OF APPROXIMATELY EUR 215 MILLION WITH UP TO 6,283,628 SHARES INITIALLY UNDERLYING WARRANTS.UNITS WILL HAVE A MATURITY OF FIVE YEARS AND WILL BE ISSUED AT 100% OF PRINCIPAL AMOUNT OF BONDS, WHICH HAVE A DENOMINATION OF EUR 100,000 PER BOND.ONGOING DKK 1 BILLION SHARE BUYBACK PROGRAM, OF WHICH DKK 937 MILLION REMAINS OUTSTANDING, WILL CONTINUE UNDER SAFE HARBOUR RULES.  Full Article

GN Store Nord Q1 EBITA DKK 320 mln, above expectations
Thursday, 4 May 2017 

May 4 (Reuters) - GN STORE NORD ::STRONG REVENUE AND EBITA GROWTH IN GN HEARING AND GN AUDIO – RESOUND LINX 3D ANNOUNCED AT AAA.Q1 REVENUE DKK 2.23 BILLION (REUTERS POLL DKK 2.14 BILLION).GN AUDIO EBITA INCREASED 14% AND REACHED DKK 103 MLN IN Q1 2017, COMPARED TO DKK 90 MLN IN Q1 2016.Q1 EBITA DKK 320 MILLION (REUTERS POLL DKK 297 MILLION).SAYS CONFIRMS THE FINANCIAL GUIDANCE FOR 2017 ON ALL PARAMETERS..  Full Article

Photo

European shares end higher boosted by banks and auto stocks

European shares finished higher for a third straight day on Friday, with investor sentiment getting a boost from JP Morgan setting a strong start to U.S. earnings and amid signs of stabilization in China's economy.