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)
