GN Store Nord has started the year on an affirmative note with Q1 17 sales above expectations while profitability was marginally below the Street’s. Benefiting from acquisitive (8%; equally divided between Audigy and VXi) and currency tailwinds (2%), reported sales grew 15% to DKK2,233m. Organically, revenue picked up pace sequentially (5% vs. 3% in Q4 16) supported by an improved GN Hearing (4% vs. 1% in Q4 16) along with GN Audio which expanded 8% organically on the back of the contin

09 Jun 2017
Encouraging beginning to the year; LiNX 3D uptake critical

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Encouraging beginning to the year; LiNX 3D uptake critical
GN Store Nord A/S (GNSN:WBO) | 0 0 1.4% | Mkt Cap: 30,783m
- Published:
09 Jun 2017 -
Author:
Sumit Sayal -
Pages:
3 -
GN Store Nord has started the year on an affirmative note with Q1 17 sales above expectations while profitability was marginally below the Street’s. Benefiting from acquisitive (8%; equally divided between Audigy and VXi) and currency tailwinds (2%), reported sales grew 15% to DKK2,233m. Organically, revenue picked up pace sequentially (5% vs. 3% in Q4 16) supported by an improved GN Hearing (4% vs. 1% in Q4 16) along with GN Audio which expanded 8% organically on the back of the contin