GN.CO - GN Store Nord A/S

Copenhagen - Copenhagen Real-time price. Currency in DKK
307.50
-0.20 (-0.07%)
As of 1:55PM CET. Market open.
Stock chart is not supported by your current browser
Previous close307.70
Open308.90
Bid307.40 x 0
Ask307.80 x 0
Day's range304.60 - 308.90
52-week range226.70 - 343.90
Volume125,121
Avg. volume486,222
Market cap39.95B
Beta (3Y monthly)0.55
PE ratio (TTM)30.59
EPS (TTM)10.05
Earnings date5 Feb 2020
Forward dividend & yield1.35 (0.44%)
Ex-dividend date2019-03-22
1y target est290.65
  • Globe Newswire

    Transactions in relation to share buyback program

    Acting under its share buyback authorization, the GN Store Nord Board of Directors initiated a share buyback program on May 1, 2019, in accordance with article 5 of Regulation (EU) no. 596/2014 of April 16, 2014 on market abuse and Delegated Regulation (EU) no. 2016/1052 of March 8, 2016, jointly referred to as the Safe Harbor rules (company announcement no. 23 of May 1, 2019).The share buyback program was initiated in order to reduce the company’s share capital and to cover obligations under the long-term incentive program. Under the share buyback program, which runs from May 1, 2019 and will end no later than March 10, 2020, GN intends to buy back shares for an amount of up to DKK 1,000 million.On a weekly basis, GN announces the number and value of shares repurchased under the program in company announcements to Nasdaq Copenhagen.The following transactions have been made under the program in the period from September 24, 2019 to September 30, 2019: No. of sharesAverage purchase price, DKKTransaction Value, DKK September 24, 20197,290283.902,069,640 September 25, 201913,660278.633,806,023 September 26, 20198,980280.332,517,333 September 27, 201915,000281.604,224,035 September 30, 201925,524276.807,064,969 Accumulated under the program1,924,588307.51591,823,137 Following the above transactions, GN holds as treasury shares a total of 12,462,913 shares of nominally DKK 4, corresponding to a total nominal value of DKK 49,851,652 and 8.8% of the total share capital and the total voting rights in the company. Details of each transaction are included as an appendix.For further information, please contact: Investors and analysts Morten P. Toft Vice President – Investor Relations & Treasury Tel: +45 45 75 46 07OrRune Sandager Senior Manager – Investor Relations  Tel: +45 45 75 92 57 Press and the media Lars Otto Andersen-Lange Head of Media Relations & Corporate Public Affairs Tel: +45 45 75 02 55 About GN GroupThe GN Group is a global leader in intelligent audio solutions that let you hear more, do more and be more than you ever thought possible. Our ambitious 150-year journey has taken us from telegraph cables to radio waves and intelligent audio engineering. To celebrate our anniversary, we look to our unique competences within medical, professional and consumer audio solutions to help us continue to transform lives through the power of sound.   GN was founded with a truly innovative and global mindset. Today, we honor that legacy with world-leading expertise in the human ear, sound, wireless technology, miniaturization and collaborations with leading technology partners. GN's solutions are marketed by the brands ReSound, Beltone, Interton, Jabra and BlueParrott in 100 countries. Founded in 1869, the GN Group employs 6,000 people and is listed on Nasdaq Copenhagen (GN.CO).Visit our homepage GN.com, get to know our innovation and leadership, and connect with us on LinkedIn, Facebook and Twitter.Attachments * Announcement 54 - Transactions under share buyback program. * PUBLIC_SBB_GN STORE NORD

  • Globe Newswire

    Trading in GN Store Nord shares by board members, executives and associated persons

    GN Store Nord has received notification pursuant to article 19 of regulation (EU) no. 596/2014 of the below transactions related to shares in GN Store Nord made by persons discharging managerial responsibilities in GN Store Nord and/or persons closely related with them. 1Details of the person discharging managerial responsibilities/person closely associated a)NameHélène Barnekow 2Reason for the notification a)Position/statusMember of the board of directors b)Initial notification/AmendmentInitial notification 3Details of the issuer a)NameGN Store Nord b)LEI5493008U3H3W0NKPFL10 4Details of the transaction(s) a)Description of the financial instrument, type of instrument Identification codeShares   DK0010272632 b)Nature of the transactionPurchase of shares c)Price(s) and volume(s)Price(s) DKK 278.3 per share DKK 278.6 per shareVolume(s) 400 shares 700 shares d)Aggregated information \- Aggregated volume \- Price  NA e)Date of the transaction2019-09-25 f)Place of the transactionNasdaq Copenhagen A/S For further information, please contact: Investors and analysts Morten P. Toft Vice President – Investor Relations & Treasury Tel: +45 45 75 46 07OrRune Sandager Senior Manager – Investor Relations  Tel: +45 45 75 92 57 Press and the media Lars Otto Andersen-Lange Head of Media Relations & Corporate Public Affairs Tel: +45 45 75 02 55 About GN GroupThe GN Group is a global leader in intelligent audio solutions that let you hear more, do more and be more than you ever thought possible. Our ambitious 150-year journey has taken us from telegraph cables to radio waves and intelligent audio engineering. To celebrate our anniversary, we look to our unique competences within medical, professional and consumer audio solutions to help us continue to transform lives through the power of sound.   GN was founded with a truly innovative and global mindset. Today, we honor that legacy with world-leading expertise in the human ear, sound, wireless technology, miniaturization and collaborations with leading technology partners. GN's solutions are marketed by the brands ReSound, Beltone, Interton, Jabra and BlueParrott in 100 countries. Founded in 1869, the GN Group employs 6,000 people and is listed on Nasdaq Copenhagen (GN.CO).Visit our homepage GN.com, get to know our innovation and leadership, and connect with us on LinkedIn, Facebook and Twitter.Attachment * Announcement 53 -Trading in GN Store Nord shares by board members, executives and associated persons

  • Globe Newswire

    GN announces changes to Executive Management

    GN Store Nord announces that Jakob Gudbrand has informed the company that he needs to resign from his position as CEO of GN Hearing for personal and family reasons.    Gitte Pugholm Aabo, currently member of the Board of Directors of GN Store Nord, takes on the role as CEO of GN Hearing.  Having joined GN Store Nord’s Board in 2018, Gitte Pugholm Aabo has solid knowledge of GN Hearing’s business. She brings extensive global leadership experience and extensive knowledge within international management, finance, IT, sales and marketing as well as deep insights into building digital communities. Most recently, Gitte served as CEO of Leo Pharma.  “I am both proud and humble to take on the job as CEO of GN Hearing. From my time on the Board, I know that the company has a strong product portfolio and a strong global organization. GN Hearing has a long and proud history of innovation and is now standing on a very strong platform,” says Gitte Pugholm Aabo. “As I said after the last investor call: GN is a fantastic place to work and I am proud of my colleagues and what they have contributed. However, for personal and family reasons I have come to the conclusion that it is right for both GN and myself that I resign. I wish GN and my colleagues all the best in their journey ahead,” says Jakob Gudbrand.“In thanking Jakob for his contribution to GN, I am delighted that Gitte Pugholm Aabo has accepted to succeed Jakob. Gitte has a proven track record of innovation, building and transforming a global business and she will be able to ensure continuation and build on the great momentum we have going in GN Hearing. Gitte has a strong mindset for customer focus, innovation and growth. With her as the CEO, GN Hearing will have a strong leader, who will further GN Hearing’s continued growth and competitiveness,” says Chairman Per Wold-Olsen.Gitte Pugholm Aabo will join GN Store Nord’s Executive Management together with René Svendsen-Tune, CEO of GN Audio and GN Store Nord, and Marcus Desimoni, CFO of GN Hearing and GN Store Nord. René Svendsen-Tune will also take on the added responsibility of overseeing and facilitating the future direction for GN’s cross-company technology and applications roadmap, including AI.“With the tremendous innovation and technology driven turnaround that René has orchestrated and delivered on for GN Audio, he will in this capacity be instrumental in taking GN’s technology agenda further into future applications and harvesting innovation synergies across GN,” says Per Wold-Olsen.These changes are effective as of today.Resume on Gitte Pugholm Aabo: Born: 1967 Nationality: Danish Education: Bachelor’s degree in Economics, HD in Business Administration, MBA at Copenhagen Business SchoolCareer: 2018 - 2019: Board member and chairman of the Audit Committee, GN Store Nord 2008 - 2019: Chief Executive Officer, LEO Pharma 2007 - 2007: Deputy Group Managing Director, LEO Pharma 2001 - 2006: Senior Vice President, Finance & IT, LEO PharmaFor further information, please contact: Investors and analysts Morten P. Toft Vice President – Investor Relations & Treasury Tel: +45 45 75 46 07OrRune Sandager Senior Manager – Investor Relations  Tel: +45 45 75 92 57 Press and the media Steen Frentz Laursen Vice President – Group Communication Tel: +45 20 65 34 20OrLars Otto Andersen-Lange Head of Media Relations & Corporate Public Affairs Tel: +45 45 75 02 55 About GN GroupThe GN Group is a global leader in intelligent audio solutions that let you hear more, do more and be more than you ever thought possible. Our ambitious 150-year journey has taken us from telegraph cables to radio waves and intelligent audio engineering. To celebrate our anniversary, we look to our unique competences within medical, professional and consumer audio solutions to help us continue to transform lives through the power of sound.GN was founded with a truly innovative and global mindset. Today, we honor that legacy with world-leading expertise in the human ear, sound, wireless technology, miniaturization and collaborations with leading technology partners. GN's solutions are marketed by the brands ReSound, Beltone, Interton, Jabra and BlueParrott in 100 countries. Founded in 1869, the GN Group employs 6,000 people and is listed on Nasdaq Copenhagen (GN.CO).Visit our homepage GN.com, get to know our innovation and leadership, and connect with us on LinkedIn, Facebook and Twitter.Attachment * Announcement 51 - Change to GN Executive Management

  • Reuters - UK Focus

    MORNING BID EUROPE-To cut or not to cut, that is the question

    Target shares surged 20% and Lowe jumped 10%, helping lift Wall Street almost 1% on the day. The Federal Reserve board doesn’t seem to think so -- the July meeting minutes yesterday showed members united in wanting to signal they were not on a pre-set path to more easing. If we get more of that hawkish bent from Fed Chairman Jerome Powell at Jackson Hole tomorrow, it could well dash hopes for a prolonged easing cycle.

  • Reuters - UK Focus

    LIVE MARKETS-Heebie-jeebies ahead of PMI data, Brexit, Jackson Hole summit

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Stock futures indicate a weak open in Europe as anxious investors avoid risky bets ahead of UK PM Boris Johnson's meeting with France's Macron today on Brexit, August PMI data from key euro-zone economies and the Jackson Hole summit on Friday. Eurostoxx futures are down 0.2% and the CAC and DAX futures are down 0.3%.

  • Reuters

    European shares end higher boosted by banks and auto stocks

    Banks and the auto sector were the biggest boosts to the benchmark on the day. Italy's MIB led gains in the region with its 0.8 percent rise, having hit an eight-month high earlier the session, while German shares closed up 0.5 percent. Data showed that China's exports rebounded to a five-month high in March, but imports shrank for a fourth straight month and at a faster pace, painting a mixed picture of the economy.

  • Globe Newswire

    Major shareholder notification – Marathon Asset Management LLP

    GN Store Nord has received information that Marathon Asset Management LLP has decreased its holdings of GN shares from 5.0% to 4.97%. Marathon Asset Management LLP thereby holds less than 5% of the share capital and the voting rights.For further information, please contact: Investors and analysts Peter Justesen VP – Investor Relations & Treasury Tel: +45 45 75 87 16OrRune Sandager Senior Manager Investor Relations  Tel: +45 45 75 92 57 Press and the media Lars Otto Andersen-Lange Head of Media Relations & Corporate Public Affairs Tel: +45 45 75 02 55 About GN Group The GN Group is a global leader in intelligent audio solutions that let you hear more, do more and be more than you ever thought possible. Our ambitious 150-year journey has taken us from telegraph cables to radio waves and intelligent audio engineering. To celebrate our anniversary, we look to our unique competences within medical, professional and consumer audio solutions to help us continue to transform lives through the power of sound.  GN was founded with a truly innovative and global mindset. Today, we honor that legacy with world-leading expertise in the human ear, sound, wireless technology, miniaturization and collaborations with leading technology partners. GN's solutions are marketed by the brands ReSound, Beltone, Interton, Jabra and BlueParrott in 100 countries. Founded in 1869, the GN Group employs 6,000 people and is listed on Nasdaq Copenhagen (GN.CO).Visit our homepage GN.com - and connect with us on LinkedIn, Facebook and Twitter.

  • Globe Newswire

    Notice to convene Annual General Meeting 2019 of GN Store Nord

    Please find enclosed notice of GN Store Nord A/S’ Annual General Meeting 2019, including the complete proposals for the agendaFor further information, please contact: Investors and analysts Peter Justesen VP – Investor Relations & Treasury Tel: +45 45 75 87 16OrRune Sandager Senior Manager Investor Relations  Tel: +45 45 75 92 57 Press and the media Lars Otto Andersen-Lange Head of Media Relations & Corporate Public Affairs Tel: +45 45 75 02 55 About GN Group The GN Group is a global leader in intelligent audio solutions that let you hear more, do more and be more than you ever thought possible. Our ambitious 150-year journey has taken us from telegraph cables to radio waves and intelligent audio engineering. To celebrate our anniversary, we look to our unique competences within medical, professional and consumer audio solutions to help us continue to transform lives through the power of sound. GN was founded with a truly innovative and global mindset. Today, we honor that legacy with world-leading expertise in the human ear, sound, wireless technology, miniaturization and collaborations with leading technology partners. GN's solutions are marketed by the brands ReSound, Beltone, Interton, Jabra and BlueParrott in 100 countries. Founded in 1869, the GN Group employs 6,000 people and is listed on Nasdaq Copenhagen (GN.CO).Visit our homepage GN.com - and connect with us on LinkedIn, Facebook and Twitter.Attachment * Notice AGM 2019

  • Globe Newswire

    Annual Report 2018: GN delivers on guidance with 13% organic growth and EBITA margin increase – 18% organic growth in Q4 2018

    Financial highlights 2018 * GN delivered DKK 10.6 billion revenue with organic growth at 13% * EBITA reached DKK 2.0 billion, with an EBITA margin increase of 0.2 percentage points, based on strong execution in GN Hearing and GN Audio * EPS was DKK 9.25, an increase of 15% compared to 2017 * DKK 1.2 billion was returned to shareholders via dividends and share buybacks during the yearGN Store Nord continued to deliver strongly on the 2017 – 2019 strategy: Hear more, Do more, Be more. Organic revenue growth was 13% based on strong execution in both GN Hearing and GN Audio. EPS increased 15%. With important product launches during the year, GN is well positioned for 2019 and beyond.During 2018, GN Hearing continued the successful commercialization of the ReSound LiNX 3D family of premium products. Also, GN Hearing strengthened its superior product offering with the launch of ReSound LiNX Quattro: the world’s first Premium-Plus hearing aid. A new chip platform allows ReSound LiNX Quattro users to benefit from a brilliant sound experience and the world’s most advanced rechargeable solution. The performance during the year led to 7% organic revenue growth, with 10% organic growth in Q4, which creates a strong growth platform for 2019 and onwards.GN Audio further strengthened its world-leading position in the attractive Call Center & Office (CC&O) market during 2018. Very strong performance across regions and channels driven by new product launches led to 21% organic revenue growth and 26% growth in EBITA. GN Audio achieved very significant growth in the CC&O segment with strong organic revenue growth in all three sales regions. GN Audio’s ongoing repositioning of the consumer business resulted in strong organic revenue growth, driven among other by the very successful true wireless Jabra Elite family.Financial highlights Q4 2018   * GN Store Nord delivered 19% revenue growth in Q4 2018. Organic growth was 18%. EBITA increased by 9% to DKK 688 million, equal to an EBITA margin of 21.6% * GN Hearing delivered 10% revenue growth in Q4 2018. Organic growth was also 10%, driven by continued strong performance in the independent market. EBITA decreased by 3% to DKK 385 million, with the EBITA margin reaching 23.4%, reflecting development from foreign exchange rates and R&D capitalization fluctuations as a function of timing of product launches * GN Audio delivered 31% revenue growth in Q4 2018. Organic growth was 28%, driven by strong performance across the CC&O and the consumer business. EBITA increased by 28% to DKK 348 million, with the EBITA margin reaching 22.6%Shareholder returns – Dividend and share buyback proposal During 2018, GN continued to deliver attractive shareholder returns on the back of the solid cash flow generation. GN has distributed around DKK 1.2 billion to shareholders in 2018 via dividends and share buybacks.At the Annual General Meeting on March 21, 2019, the Board of Directors will propose to pay out DKK 1.35 per share in dividend for the fiscal year 2018, compared to DKK 1.25 per share in 2017.The current one-year DKK 1 billion share buyback program will be concluded no later than March 14, 2019. As communicated in the Annual Report 2016, the Board of Directors intends to buy back shares worth DKK 3 billion during GN’s 2017 – 2019 strategy period. At the upcoming Annual General Meeting, the Board of Directors will propose a new one-year share buyback program of DKK 1 billion.Financial guidance 2019 GN is entering the last year of the strategy 2017 – 2019: Hear More, Do More, Be More, where GN has set ambitious financial targets: 2017 – 2019 strategy targetsGN HearingGN AudioGN Store Nord Organic growth6-8%6-9%  EBITA margin20-22%17-19%  Effective tax rate  ~22% Based on the strong current momentum in both GN Hearing and GN Audio as well as the industry-leading product portfolios, GN is well positioned for 2019 and beyond. The financial outlook for 2019 assumes continued strong profitable growth:Financial guidance for 2019GN HearingGN AudioGN Store Nord Organic growth~7%>15%  EBITA margin>20%>19%*  Effective tax rate  ~23% * Before extraordinary one-off costs related to the acquisition of Altia Systems Inc. (announced on 19 February 2019), which impact GN Audio’s EBITA margin negatively by around 1 percentage point in 2019. The acquisition is expected to be accretive to GN Audio’s financials from 2020EBITA in “Other” is expected to be around DKK (150) million. The majority of the cost is related to shared functions servicing both GN Hearing and GN Audio. In addition, GN will continue to actively research and explore future business opportunities outside the current area of operation in GN Hearing and GN Audio, leveraging on the core knowledge and competencies of the Group.In 2019, GN Store Nord targets a double-digit percentage increase in earnings per share (EPS).Quotes from executive management Jakob Gudbrand, CEO of GN Hearing, comments: “I am excited to take over the baton and drive further innovation and growth. Our current products and our pipeline are very strong, which bodes well for 2019 and beyond.”René Svendsen-Tune, CEO of GN Audio, comments: “We have fortified our position as the undisputed world leader in Unified Communications with products that help businesses achieve productivity improvement and work smarter. This is a market that will continue to expand and we will continue to lead with the most innovative products and the best commercial team.”Marcus Desimoni, CFO of GN Store Nord, comments: “In 2018, we delivered on our guidance, fully and again – and we returned DKK 1.2 billion to our shareholders via dividends and share buybacks. For 2019, we have set ambitious financial targets, which would result in us taking further market share across businesses and to drive continued shareholder value.”Teleconference GN Store Nord will host a teleconference at 11.00 a.m. CET today. Please visit www.gn.com/investor to access the teleconference. Presentation material will be available on the website prior to the start of the teleconference.For further information, please contact: Investors and analysts Peter Justesen VP – Investor Relations & Treasury Tel: +45 45 75 87 16OrRune Sandager Senior Manager Investor Relations  Tel: +45 45 75 92 57 Press and the media Lars Otto Andersen-Lange Head of Media Relations & Corporate Public Affairs Tel: +45 45 75 02 55 About GN Group The GN Group is a global leader in intelligent audio solutions that let you hear more, do more and be more than you ever thought possible. Our ambitious 150-year journey has taken us from telegraph cables to radio waves and intelligent audio engineering. To celebrate our anniversary, we look to our unique competences within medical, professional and consumer audio solutions to help us continue to transform lives through the power of sound. GN was founded with a truly innovative and global mindset. Today, we honor that legacy with world-leading expertise in the human ear, sound, wireless technology, miniaturization and collaborations with leading technology partners. GN's solutions are marketed by the brands ReSound, Beltone, Interton, Jabra and BlueParrott in 100 countries. Founded in 1869, the GN Group employs 6,000 people and is listed on Nasdaq Copenhagen (GN.CO).Visit our homepage GN.com - and connect with us on LinkedIn, Facebook and Twitter.Attachments * GN Annual Report 2018 * Annual Report 2018 cover note * GN Resume af Aarsrapport 2018

  • Business Wire

    GN Audio to Acquire Altia Systems

    GN extends intelligent audio solutions leadership with digital video to deliver integrated audio and video Unified Communication solutions.

  • Reuters

    Widex, Sivantos win EU approval for $8.3 billion hearing aid merger

    Danish hearing aid maker Widex expects its merger with Germany's Sivantos to complete next month after getting European approval, creating the third-largest player in the industry. The companies plan to invest more in digital devices as a combined group and to step up their challenge on market leaders Sonova and William Demant. Sivantos, formerly known as Siemens Audiology, and Denmark's Widex said in May that they had agreed to form a company worth more than 7 billion euros (6.14 billion pounds), including 3 billion euros in debt.

  • Reuters - UK Focus

    BUZZ-Top of the Street: Burberry, Paddy Power, Heineken, Next

    A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** BofA Merrill Lynch raises Burberry Group to "neutral" from "underperform", as the brand's "heat" ...

  • Reuters

    Hearing aid makers Widex and Sivantos reopen EU merger application

    COPENHAGEN (Reuters) - Danish hearing aid maker Widex and German rival Sivantos have reopened an application seeking European Commission approval for their planned $8 billion (£6.2 billion) merger, public ...

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