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Dow Jones News
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DGAP-Adhoc: GN Store Nord A/S: GN Audio upgrades financial guidance for 2019

DGAP-Ad-hoc: GN Store Nord A/S / Key word(s): Change in Forecast 
GN Store Nord A/S: GN Audio upgrades financial guidance for 2019 
 
21-Aug-2019 / 18:40 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. 
 
The organic revenue growth guidance for GN Audio is upgraded from "more than 
19%" to "*around 24%*". 
 
All other guidance parameters are unchanged. The upgraded financial guidance 
for 2019 is: 
 
*Financial guidance  *GN Hearing*   *GN Audio*      *GN Store 
2019*                                                 Nord* 
Organic revenue          7%       24% (before 
growth                                 >19%) 
EBITA in Other                                      DKK (150) 
                                                     million 
EBITA margin             >20%          20%* 
Effective tax rate                                     23% 
 
* Before extraordinary one-off costs associated with the acquisition of 
Altia Systems Inc. (announced on February 19, 2019), which impact GN Audio's 
EBITA margin negatively by around 1 percentage point in 2019 
 
Pre-release: GN Audio delivered an outstanding performance again in Q2 2019, 
with 26% organic revenue growth and an EBITA margin of 18.3%, including 
transaction related costs associated with the acquisition of Altia Systems 
Inc. 
 
GN Store Nord will, as previously communicated, release its Q2 2019 report 
on August 22, 2019, with further details on the performance in Q2 2019, and 
will host a teleconference for investors and analysts on the same day. 
 
For further information, please contact: 
 
*Investors and analysts* 
Morten P. Toft 
Vice President - Investor Relations & Treasury 
Tel: +45 45 75 46 07 
 
Rune Sandager 
Senior Manager - Investor Relations 
Tel: +45 45 75 92 57 
 
*Press and the media* 
Steen Laursen 
Vice President - Group Communication 
Tel: +45 20 65 34 20 
 
*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, get to know our innovation and leadership [1], 
and connect with us on LinkedIn [2], Facebook [3] and Twitter [4]. 
 
21-Aug-2019 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, 
             Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID: 861223 
 
End of Announcement DGAP News Service 
 
861223 21-Aug-2019 CET/CEST 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=62d46eab58b9319c745e9183055e5410&application_id=861223&site_id=vwd&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3917761d9c2344b017e06f3abeb965a0&application_id=861223&site_id=vwd&application_name=news 
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=1c0100882ab7d20fc0ddb0718063d67d&application_id=861223&site_id=vwd&application_name=news 
4: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=90a8c0971a1f334e13e7d78d2bbd8858&application_id=861223&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

August 21, 2019 12:40 ET (16:40 GMT)

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