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GN Store Nord A/S (GNNDY)

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82.360.00 (0.00%)
At close: 10:53AM EDT
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  • Reuters

    GN Store Nord cuts forecasts after product line wind-down

    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.

  • GlobeNewswire

    GN to gradually wind-down its Elite and Talk product lines. Strong performance in the Hearing division to partly off-set the extraordinary impact from the gradual wind-down

    Today, GN has decided to gradually wind-down its Elite and Talk product lines to further increase focus and resources on more attractive parts of GN’s business. As communicated at the Capital Market Day in May 2024, GN is striving to build leading businesses in attractive markets and by this grow with healthy margins and ensure good returns on the invested capital. The re-focusing of the Elite product line towards the premium segment, which was initiated in 2023, has resulted in a stronger profi

  • GlobeNewswire

    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 associated with them. Details of the person discharging managerial responsibilities/person closely associated Name Jørgen Bundgaard Hansen Reason for the notification Position/status Member of the Board of Directors Initial notification/Amendment I