GN Store Nord reported weak Q1 22 results, with sales below consensus expectations and the firm clocking an operating loss. The weak performance in Audio was partly offset by the marginal growth/recovery in Hearing. Management has reiterated its guidance, but uncertainties remain, especially given the ongoing macro-economic risks. Also, while the long-term attractiveness, for now, remains intact, the near-term headwinds warrant our estimates being slashed.
09 May 2022
Supply-chain headwinds delays business recovery
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Supply-chain headwinds delays business recovery
- Published:
09 May 2022 -
Author:
Anas PATEL -
Pages:
3
GN Store Nord reported weak Q1 22 results, with sales below consensus expectations and the firm clocking an operating loss. The weak performance in Audio was partly offset by the marginal growth/recovery in Hearing. Management has reiterated its guidance, but uncertainties remain, especially given the ongoing macro-economic risks. Also, while the long-term attractiveness, for now, remains intact, the near-term headwinds warrant our estimates being slashed.