Copenhagen - Delayed Quote • DKK GN Store Nord A/S (GN.CO) Follow Compare 130.75 -0.65 (-0.49%) At close: 4:59 PM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations GN Store Nord AS (GGNDF) Q3 2024 Earnings Call Highlights: Record Cash Flow and Margin ... GN Store Nord AS (GGNDF) reports robust cash flow and margin growth, despite challenges in enterprise and gaming divisions. Interim Report Q3 2024: Further margin expansion and strong cash flow despite mixed growth across divisions Highlights The Hearing division continued to gain significant market share leading to 10% organic revenue growth, while the divisional profit margin increased by 5.9 percentage points to 34.8%The Enterprise division was negatively impacted by sell-in pressure due to economic growth challenges in parts of Central Europe, while North America and Rest of World continued its stabilization. Overall, organic revenue growth ended at -7%, while sell-out growth was -3%. Despite the topline development, t Update of financial guidance for 2024 GN has throughout the year increased its earnings power and cash flow generation, leading to an upgrade of the guidance on free cash flow excl. M&A to “DKK >1,100 million” and a confirmation of the EBITA margin guidance of “12 to 13%”. Following a somewhat softer market development than earlier anticipated for Enterprise and Gaming, GN adjusts its organic revenue growth guidance to “1% to 2%” Financial guidance for 2024 Organic revenue growthReported EBITA marginFree cash flow excl. M&A (DKK mil Despite overwhelming hype, Jabra research finds only 26% of office workers use AI in daily work Workplaces believe in the power of AI, with 84% of leaders saying AI can enhance work, but 82% are unprepared for integration of the tech into the workplace90% of knowledge workers wouldn’t trust AI for tasks that require human judgement or creativityWorkers are equally not using AI in their personal lives, with only 26% reporting regular use LOWELL, Mass., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Jabra, a global leader in enterprise audio and video solutions, released a new report, Great ExpectAItions GN Store Nord AS (GGNDF) Q2 2024 Earnings Call Highlights: Strong Growth in Hearing and Gaming ... GN Store Nord AS (GGNDF) reports robust performance in its hearing and gaming segments, while navigating headwinds in the enterprise market. Trading in GN Store Nord shares by board members, executives and associated persons 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 associatedNameSøren JelertReason for the notificationPosition/sta Interim Report Q2 2024: Strong execution leading to 5% organic growth and margin expansion Highlights GN executed strongly across the three divisions resulting in 5% organic revenue growth for the GroupThe Hearing division continued to gain significant market share leading to 10% organic revenue growth, resulting in 5.3 percentage point increase in the divisional profit margin supported by synergies and the successful ReSound Nexia roll-outThe Enterprise division continued its focused execution leading to -3% organic revenue growth in a stabilizing market. The divisional profit margin GN further extends the ReSound Nexia family and releases updated fitting software designed for enhanced efficiency and usability GN, the global leader in hearing aid innovation, today announces the expansion of the ReSound Nexia family, giving more options for people with hearing loss to benefit from advanced hearing technology, while joining the "next era" of Bluetooth connectivity. In addition to the new models, GN is launching its updated hearing aid fitting software, ReSound Smart Fit 2.0, for a more intuitive and efficient experience for both hearing care professionals and hearing aid users. 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 Interim Report Q1 2024: GN Store Nord delivered organic revenue growth of 5% reaching an EBITA margin of 12.5% Highlights GN delivered continued execution across the three divisions resulting in 5% organic revenue growth for the GroupThe Hearing division delivered continued market share gains leading to 14% organic revenue growth, resulting in 8.2 percentage point increase in the divisional profit margin supported by synergies and a successful ReSound Nexia roll-outThe Enterprise division continued its relentless commercial execution in a stabilizing market leading to 0% organic revenue growth. The divis Annual General Meeting 2024 – GN Store Nord A/S Today, GN Store Nord A/S held its Annual General Meeting. The Annual General Meeting was held in accordance with the agenda announced on February 19, 2024, as set out below. The report by the Board of Directors was noted by the general meeting. The Annual Report 2023 and the proposal on distribution of annual profits, including no distribution of dividends, were approved, and discharge was granted to the Board of Directors and the Executive Management. The general meeting approved the remunerati GN Store Nord A/S - Notice to convene the Annual General Meeting 2024 GN Store Nord’s Annual General Meeting will be held on Wednesday, March 13, 2024, at 10:00 a.m. CET at the company’s address: Lautrupbjerg 7, 2750 Ballerup, Denmark. Please find attached the notice to convene the Annual General Meeting, including the agenda and complete proposals. For further information, please contact: Investor RelationsRune Sandager +45 45 75 92 57 Media Relations Steen Frentz Laursen +45 20 65 34 20 About GN GN facilitates communication between people through intelligent hea Annual Report 2023: Strong execution across the company led to 13% organic revenue growth in GN Hearing and -8% organic revenue growth in GN Audio, while generating DKK 1.1 billion in free cash flow excl. M&A 2023 highlights GN delivered DKK 18.1 billion revenue with organic revenue growth of -1%, as a result of 13% organic revenue growth in GN Hearing and -8% organic revenue growth in GN AudioAdj. EBITA of DKK 1.8 billionNew capital plan from May 2023 provides solid foundation for strategy execution. Free cash flow excl. M&A of DKK 1,092 million which together with the other pillars of the capital plan drove a DKK 4 billion reduction in net interest-bearing debt. Adj. leverage ended at 4.5xTransform GN Store Nord announces change to the Board of Directors Board member Ronica Wang has decided to step down from the Board of Directors of GN Store Nord A/S. Consequently, GN’s Board of Directors as of today consists of Jukka Pekka Pertola (Chair), Klaus Holse (Deputy chair), Anette Weber, Hélène Barnekow, and members elected by the employees: Leo Larsen, Cathrin Inge Hansen, and Claus Holmbeck-Madsen. For further information, please contact: Investor RelationsAnne Sofie Staunsbæk Veyhe +45 45 75 85 06Rune Sandager +45 45 75 92 57 Media Relations Steen Major shareholder notification – Norges Bank GN Store Nord A/S hereby announces that on December 14, 2023, pursuant to Section 38(1) of the Danish Capital Markets Act, it received a notification from Norges Bank stating that on December 13, 2023 Norges Bank decreased its aggregate direct holding of shares to under 5% of the share capital and voting rights in GN Store Nord A/S. For further information, please contact: Investor RelationsAnne Sofie Staunsbæk Veyhe +45 45 75 85 06Rune Sandager +45 45 75 92 57 Media Relations Steen Frentz Laurs Performance Overview Trailing total returns as of 11/19/2024, which may include dividends or other distributions. Benchmark is OMX Copenhagen 25 Index Return GN.CO OMX Copenhagen 25 Index YTD -23.89% -0.75% 1-Year -11.72% +5.74% 3-Year -67.11% -9.44%