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 | GN Store Nord Finishes 2018 on Strong Note, With Sales Growth Beating Consensus and Our Expectations

Narrow-moat GN Store Nord reported full-year revenue of DKK 10.6 billion, or 11% growth year over year, with a 1% acquisition contribution offset by a 3% currency decline. The 13% full-year organic growth was mainly driven by GN Audio at 21% organic growth, above our expectations, while GN Hearing delivered 7% organic growth, fueled by an impressive 10% in the last quarter. The shares reacted positively to the results, but for now, we are maintaining our DKK 250 fair value estimate and narrow moat rating. All main regions contributed to GN Hearing sales growth. North America recorded double-d...

Alex Morozov

GN Store Nord Finishes 2018 on Strong Note, With Sales Growth Beating Consensus and Our Expectations

Narrow-moat GN Store Nord reported full-year revenue of DKK 10.6 billion, or 11% growth year over year, with a 1% acquisition contribution offset by a 3% currency decline. The 13% full-year organic growth was mainly driven by GN Audio at 21% organic growth, above our expectations, while GN Hearing delivered 7% organic growth, fueled by an impressive 10% in the last quarter. The shares reacted positively to the results, but for now, we are maintaining our DKK 250 fair value estimate and narrow mo...

Rune Majlund Dahl

GN Group (Hold, TP: DKK325.00) - Riding the strong momentum

Both divisions beat our Q4 estimates and consensus, with c10% organic sales growth YOY in GN Hearing and c28% in GN Audio, and EBITA margins of 23.4% and 22.6%, respectively. The open-ended 2019 guidance was strong, with organic growth of c7% for GN Hearing and 15%+ for GN Audio, and EBITA margins above 20% and above 19%, respectively signalling continued momentum. We reiterate our HOLD but have raised our target price to DKK325 (300).

Rune Majlund Dahl

GN Group (Hold, TP: DKK300.00) - Strong 2019 guidance

With Q4 organic sales growth of c10% in Hearing and c28% in Audio and EBITA margins of 23.4% and 22.6%, respectively, the report beat our forecasts and consensus despite a weak EBITA margin in Hearing. The guidance for 2019 signals a step up in organic growth with c7% for Hearing and 15%+ for Audio and EBITA margins above 20% and above 19%, respectively. Based on a strong Q4 and solid 2019 guidance, we expect the shares to trade up 5%+ today.

Rune Majlund Dahl

GN Group (Hold, TP: DKK300.00) - Updated consensus

Updated consensus pre Q4 results

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

By reducing its risk exposure, GN STORE NORD A/S improves to Slightly Positive

GN STORE NORD A/S (DK), a company active in Medical Equipment, reduces its risk exposure and improves its general evaluation despite the loss of a fundamental star(s). The independent financial analyst theScreener has removed a fundamental star(s) of the title, which now shows 3 out of 4 stars; conversely, its market risk is now considered lower and can be described as defensive. Despite the loss of a star, theScreener upgrades the general evaluation of the title to Slightly Positive. As of the analysis date January 29, 2019, the closing price was DKK 290.00 and its potential was estimated at ...

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...

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