Edition:
United Kingdom

GN Store Nord Q1 EBITA At DKK 439 Million, Below Consensus


Wednesday, 1 May 2019 

May 1 (Reuters) - GN Store Nord A/S ::REG-INTERIM REPORT Q1 2019: STRONG START TO 2019 WITH 19% ORGANIC REVENUE GROWTH AND 25% EPS INCREASE IN Q1.REG-INTERIM REPORT Q1 2019: STRONG START TO 2019 WITH 19% ORGANIC REVENUE GROWTH AND 25% EPS INCREASE IN Q1.GN HEARING IS OFF TO A STRONG START TO 2019 AND DELIVERED 8% ORGANIC REVENUE GROWTH IN Q1 2019.Q1 REVENUE DKK 2.84 BILLION (REUTERS POLL: DKK 2.89 BILLION).GN AUDIO DELIVERED 36% ORGANIC REVENUE GROWTH IN Q1 2019 DRIVEN BY VERY STRONG PERFORMANCE ACROSS BUSINESS.Q1 EBITA DKK 439 MILLION (REUTERS POLL: DKK 486 MILLION).SAYS WITH 8% ORGANIC REVENUE GROWTH IN Q1 2019, WE SEE THAT GN HEARING'S INNOVATION STRATEGY IS WORKING AS PLANNED..SAYS WITH 36% ORGANIC REVENUE GROWTH IN Q1, GN AUDIO STARTED 2019 WITH CONTINUED VERY STRONG MOMENTUM.FINANCIAL GUIDANCE FOR 2019 - UPGRADED ON APRIL 12, 2019 - IS CONFIRMED.