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

Håkon Astrup ...
  • Jesper Ingildsen
  • Joachim Gunell
  • Mats Bye
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

Rune Majlund Dahl

GN Group (Buy, TP: DKK360.00) - High organic growth case confirmed

The strong organic revenue growth continued at c13% YOY in Q3, with GN Audio (c20%) and GN Hearing (c8%) contributing significantly. While comparisons get tougher in Q4 and 2020e, we still expect strong organic group growth (2018–2024 CAGR c10%) at slightly improving EBITA margins YOY. We reiterate our BUY and have raised our target price to DKK360 (330).

Benjamin Silverstone ...
  • Jannick Lindegaard Denholt

GN Store Nord - Will there be a ‘Jabra t’ under your Xmas tree?

Strong momentum towards year-end Strong cash conversion, FY’19 guidance reconfirmed Reiterating BUY and TP of DKK 320

Rune Majlund Dahl

GN Group (Buy, TP: DKK330.00) - GN Audio continues its growth run

Q3 group organic sales growth of 13% YOY was in line with our estimate and consensus (we forecast 13.2%, consensus 13.1%), with GN Hearing outperforming and GN Audio in line with our estimate. The EBITA margin of 17.9% was weaker than our forecast and consensus, driven by GN Hearing. The 2019 guidance was maintained. We expect 1–2% positive consensus estimate revisions and the shares to trade up 2–3%.

Rune Majlund Dahl

GN Group (Buy, TP: DKK360.00) - High organic growth case confirmed

The strong organic revenue growth continued at c13% YOY in Q3, with GN Audio (c20%) and GN Hearing (c8%) contributing significantly. While comparisons get tougher in Q4 and 2020e, we still expect strong organic group growth (2018–2024 CAGR c10%) at slightly improving EBITA margins YOY. We reiterate our BUY and have raised our target price to DKK360 (330).

Benjamin Silverstone ...
  • Jannick Lindegaard Denholt

GN Store Nord - Will there be a ‘Jabra t’ under your Xmas tree?

Strong momentum towards year-end Strong cash conversion, FY’19 guidance reconfirmed Reiterating BUY and TP of DKK 320

Rune Majlund Dahl

GN Group (Buy, TP: DKK330.00) - GN Audio continues its growth run

Q3 group organic sales growth of 13% YOY was in line with our estimate and consensus (we forecast 13.2%, consensus 13.1%), with GN Hearing outperforming and GN Audio in line with our estimate. The EBITA margin of 17.9% was weaker than our forecast and consensus, driven by GN Hearing. The 2019 guidance was maintained. We expect 1–2% positive consensus estimate revisions and the shares to trade up 2–3%.

Benjamin Silverstone ...
  • Jannick Lindegaard Denholt

GN Store Nord - Continuation of solid performance

Both divisions again going strong FY´19 guidance reiterated Expecting a flat to modestly positive share reaction

Benjamin Silverstone ...
  • Jannick Lindegaard Denholt

GN Store Nord - Heads-up for report 7 November

GN will report Q3 on Thursday 7 November. A conference call will follow at 11.00 CEST, dial-in: , or (code: 68626579#)

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 ...

Håkon Astrup ...
  • Jesper Ingildsen
  • Joachim Gunell
  • Mats Bye
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Håkon Astrup
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Jon Berggren ...
  • Karl-Johan Bonnevier
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Frank Maaø
  • Karl-Johan Bonnevier
  • Ole-Andreas Krohn
  • Paul Harper
  • Rune Majlund Dahl
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Frank Maaø
  • Jesper Ingildsen
  • Jon Masdal
  • Martin Hoang Nguyen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling
  • 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...

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