Edition:
United Kingdom

GN Store Q4 EBITA DKK 688 Mln, Above Estimates


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)..Q4 EBITA DKK 688 MILLION (REUTERS POLL: DKK 683 MILLION).