Reuters
Denmark's GN Store Nord lowered its 2024 financial targets on Tuesday citing plans to gradually wind down its Elite and Talk product lines. The maker of hearing aids, speakerphones and headsets expects an impact of around 450 million Danish crowns ($64.95 million) on its revenue and has narrowed its EBITA margin guidance to 12-13% from 12-14%, GN said in a statement. GN's consumer business, which contributed 7% of its 2023 revenue of 18.12 billion crowns, was driven primarily by the Elite and Talk product lines, specialised in premium audio products.