DGAP-Ad-hoc: GN Store Nord A/S / Key word(s): Bond/Bond
GN Store Nord A/S: GN Audio increases financial guidance for 2018
14-Jun-2018 / 10:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
GN Audio increases the financial guidance for 2018:
- The organic revenue growth guidance is upgraded from "around 9%" to "up to
15%"
- Based on the upgraded organic growth guidance, the EBITA margin is
upgraded from "more than 17%" to "more than 18%"
The guidance update reflects GN Audio's strategy execution on innovation
excellence and commercial excellence to continue to drive revenue growth and
market share gains. A series of product launches on top of an already strong
product portfolio has generated unprecedented demand across markets, and
additional production capacity has been secured to meet the extraordinary
demand.
All other guidance parameters are unchanged. The upgraded financial guidance
for 2018 is:
+----------------------+----------+---------------------+
| |GN Hearing|GN Audio |
+----------------------+----------+---------------------+
|Organic revenue growth|> 6% |up to 15% (from 9%)|
+----------------------+----------+---------------------+
|EBITA margin |> 20% |> 18% (from > 17%) |
+----------------------+----------+---------------------+
|Other |DKK (135)m |
+----------------------+----------+---------------------+
|Effective tax rate | 22% |
+----------------------+----------+---------------------+
For further information, please contact:
*Investors and analysts*
Peter Justesen
VP - Investor Relations & Treasury
Tel: +45 45 75 87 16
Rune Sandager
Senior Investor Relations Manager
Tel: +45 45 75 92 57
*Press and the media*
Lars Otto Andersen-Lange
Group Media Manager
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. With our
unique competencies within medical, professional and consumer audio
solutions, we transform lives through the power of sound: Hearing aids that
enhance the lives of people with hearing loss; integrated headset and
communications solutions that assist professionals in all types of
businesses to be more productive; wireless headsets and earbuds designed to
support calls, music and media consumption.
With world leading expertise in the human ear, sound, wireless technology
and miniaturization, GN's innovative and intelligent audio solutions are
marketed by the brands ReSound, Beltone, Interton, Jabra and Blueparrott in
100 countries across the world. Founded in 1869, the GN Group today has more
than 5,500 employees and is listed on Nasdaq Copenhagen (GN.CO).
Visit our homepage GN.com - and connect with us on LinkedIn [1], Facebook
[2] and Twitter [3].
14-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: GN Store Nord A/S
Lautrupbjerg 7
2750 Ballerup
Denmark
Phone: +45 457 50000
E-mail: investor@gn.com
Internet: www.gn.com
ISIN: DK0010272632
WKN: 854734
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
(Basic Board), Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
695327 14-Jun-2018 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3917761d9c2344b017e06f3abeb965a0&application_id=695327&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=1c0100882ab7d20fc0ddb0718063d67d&application_id=695327&site_id=vwd&application_name=news
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=90a8c0971a1f334e13e7d78d2bbd8858&application_id=695327&site_id=vwd&application_name=news
(END) Dow Jones Newswires
June 14, 2018 04:05 ET (08:05 GMT)
