GN Store Nord's strong Q2 performance gives scope for 'relief rally'

GN Store Nord A/S

21/08/2025 08:58

Refiles to fix syntax in last bullet point

** Shares in Danish hearing aids maker GN Store Nord GN.CO rise about 15% after it beat Q2 expectations and narrowed its FY quidance

** Its quarterly revenue of DKK 4,160 million ($649.82 million) slightly beats the IBES estimate of DKK 4,122 million, while EBITA comes in at DKK 546 million

** J.P.Morgan says revenues are 1.7% ahead, divisional profit 11.8% ahead, adj EBITA 30.9% ahead, EPS 21.5% ahead

** The group narrows organic revenue growth guidance was narrowed to -2% to +2% vs previous -3% to +3% range

** "Hearing performance was strong against a soft market," JPM adds

** The broker sees scope for a "relief rally" in the near term given recent competitor reports and relatively low expectations

** The shares track their best day since April 2010, if gains hold

($1 = 6.4018 Danish crowns)

(Reporting by Elviira Luoma)

((Elviira.luoma@thomsonreuters.com))