GN Store Nord cuts forecasts after product line wind-down

GN Store Nord A/S

11/06/2024 09:04

June 11 (Reuters) - GN Store Nord  GN.CO , the Danish
maker of hearing aids, speakerphones and headsets, on Tuesday
lowered its 2024 financial targets after plans to gradually wind
down its Elite and Talk product lines.
    GN said in a statement it projects an impact of around 450
million Danish crowns ($64.95 million) on its revenue and its
narrowing is EBITA margin guidance to 12-13% from a previous
12-14%.


($1 = 6.9288 Danish crowns)

 (Reporting by Jesus Calero, Editing by Louise Heavens)
 ((Jesus.calero@thomsonreuters.com))