GN Store Nord A/S

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).
  • TickerGN
  • ISINDK0010272632
  • ExchangeNasdaq Nordic Copenhagen
  • SectorHealth Care Equipment & Services
  • CountryDenmark

Analysts

Alex Morozov

Morningstar | Strong Momentum for GN in Both Segments During 2019

GN Group consists of two seemingly unrelated businesses: hearing instrumentation and audio products. While a combination of hearing aids and consumer and professional audio solutions seemingly lacks symbiosis, we believe it opens up future opportunities for GN Group in the nonmedical hearables market. The recent hearing aid market deregulation in the U.S., with the introduction of the over-the-counter, or OTC, category, blurs the boundaries between medical and consumer devices. Consumers’ demand is shifting toward connectivity and interoperability in the devices they wear, regardless of produc...

Alex Morozov

Strong Momentum for GN in Both Segments During 2019

GN Store Nord's first-quarter results were robust, with revenue up 19% organically. We were surprised by an unusually weak cash flow conversion for the company, driven by the increasing receivables and inventory balances. The company anticipates normalization for these lines over the remainder of the year; for now we aren't making any changes to our valuation or our narrow moat rating. Shares are moderately overvalued.  The hearing business' performance was in line with our forecast. The company...

Alex Morozov

Morningstar | Healthy Growth in the VA Segment and Audio Business for GN Store Nord

GN Store Nord's first-quarter results were robust, with revenue up 19% organically. We were surprised by an unusually weak cash flow conversion for the company, driven by the increasing receivables and inventory balances. The company anticipates normalization for these lines over the remainder of the year; for now we aren't making any changes to our valuation or our narrow moat rating. Shares are moderately overvalued. The hearing business' performance was in line with our forecast. The company is seeing good momentum in the U.S. independent and the Veterans Affairs (VA) channels, with its ma...

Alex Morozov

Healthy Growth in the VA Segment and Audio Business for GN Store Nord

GN Store Nord's first-quarter results were robust, with revenue up 19% organically. We were surprised by an unusually weak cash flow conversion for the company, driven by the increasing receivables and inventory balances. The company anticipates normalization for these lines over the remainder of the year; for now we aren't making any changes to our valuation or our narrow moat rating. Shares are moderately overvalued.  The hearing business' performance was in line with our forecast. The company...

Rune Majlund Dahl

GN Group (Hold, TP: DKK340.00) - Focus set to be on Hearing

Focus set to be on Hearing Following the GN Audio guidance upgrade on 12 April, we expect focus in the Q1 results (due 1 May at 07:00 CET) to be on GN Hearing. We forecast c8.5% organic growth YOY for GN Hearing, driven by a strong contribution from VA and the independent channel, while we still expect large retailers to be a drag on organic growth. We reiterate our HOLD, but have raised our 2019 estimates, and our target price to DKK340 (325), reflecting the guidance upgrade for GN Audio.

1 director bought

A director at GN Store Nord bought 485 shares at 308.900DKK and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Alexander Aukner ...
  • Jon Masdal
  • Marius Knudssøn
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Nicolai Farstad Olsen
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Håkon Astrup
  • Jørgen Lian
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Eivind Sars Veddeng ...
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Montgomery
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl

Northern Lights

Alexander Aukner ...
  • Marius Knudssøn
  • Martin Arnell
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Alexander Aukner ...
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Paul Harper
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

GN STORE NORD A/S increases its risk exposure and slightly lowers to Neutral

GN STORE NORD A/S (DK), a company active in the Medical Equipment industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 2 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date May 3, 2019, the closing price was DKK 321.80 and its expected value was estimated at DKK 318.69.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

GN Store Nord, March 21 2019

In general, GN Store Nord is in compliance with the Danish regulations relating to the organization and procedures of the Annual General Meeting. Under ITEM F.1, it is proposed to re-appoint Mr. Per Wold-Olsen as Chairman of the Board of Directors. Although Mr. Wold-Olsen is considered independent, he is currently  chairing the Company's Remuneration Committee, which is not in accordance with the ECGS' guidelines. Based on the above, ECGS normally would have recommended opposition. However, considering that the proxy card does not permit this, it recommends to vote ABSTAIN. Under ITEM H.1 (1...

Expert Corporate Governance Service (ECGS)

Proxy Report - 14/03/2018

In general, GN Store Nord is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM F, the board of directors proposes to re-appoint Ernst & Young as the Compa y's statutory auditor. In light of the substantial amount of non-audit fees, ECGS normally would have recommended opposition. However, considering that the proxy card does not permit this, it recommends abstention instead. Under ITEM G.1 (1), the board of directors seeks authority to repurchase own shares. Although the authorisation requested as such (up to 10% o...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch