Edition:
United States

GN Store Nord A/S (GN.CO)

GN.CO on Copenhagen Stock Exchange

204.50DKK
20 Oct 2017
Change (% chg)

kr.2.50 (+1.24%)
Prev Close
kr.202.00
Open
kr.202.50
Day's High
kr.205.50
Day's Low
kr.201.90
Volume
437,857
Avg. Vol
462,931
52-wk High
kr.229.70
52-wk Low
kr.132.70

Latest Key Developments (Source: Significant Developments)

GN Store Nord looses lawsuit against Plantronics
Thursday, 19 Oct 2017 02:20am EDT 

Oct 19 (Reuters) - GN STORE NORD SAYS:‍JURY RULES IN FAVOR OF PLANTRONICS IN GN AUDIO'S LAWSUIT AGAINST PLANTRONICS..IN 2012, GN AUDIO FILED A LAWSUIT AGAINST PLANTRONICS FOR UNLAWFUL MONOPOLIZATION OF THE DISTRIBUTORS MARKET IN THE US..THE JURY HAS NOT FOUND THAT PLANTRONICS' BEHAVIOR IN THE MARKET PLACE WAS UNLAWFUL. .GN AUDIO WILL, UPON RECEIPT OF THE WRITTEN REASONS FOR THE JUDGMENT, DECIDE WHETHER OR NOT IT WILL APPEAL THE DECISION..THIS ANNOUNCEMENT DOES NOT CHANGE THE FINANCIAL GUIDANCE FOR 2017. ​.  Full Article

GN Store Nord Q2 underlying EBITA DKK ‍386 mln, above expectations
Thursday, 17 Aug 2017 01:00am EDT 

Aug 17 (Reuters) - GN STORE NORD ::‍DELIVERED 15% REVENUE GROWTH IN Q2 2017​.‍EBITA INCREASED 15% IN Q2 2017​.Q2 REVENUE DKK ‍​2.39 BILLION (REUTERS POLL DKK 2.36 BILLION).Q2 UNDERLYING EBITA DKK ‍​ 386 MILLION (REUTERS POLL DKK 346 MILLION).  Full Article

GN Store signs strategic partnership agreement with chinese retail chain
Monday, 26 Jun 2017 03:26am EDT 

June 26 (Reuters) - GN STORE NORD ::GN HEARING SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH NEW CHINESE RETAIL CHAI.SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH EARWAY, A NEW CHINESE RETAIL CHAIN COMPOSED OF FOUR LEADING HEARING AID DISPENSERS.  Full Article

GN Store Nord places EUR 225 mln convertible bond offering
Tuesday, 23 May 2017 09:26am EDT 

May 23 (Reuters) - GN STORE NORD :GN STORE NORD SUCCESSFULLY PLACES EUR 225 MILLION ZERO COUPON CONVERTIBLE BOND OFFERING CONSISTING OF BOND WITH WARRANT UNITS.ZERO COUPON BOND WITH A FIVE-YEAR MATURITY.NET PROCEEDS TO BE USED FOR GENERAL CORPORATE PURPOSES.INITIAL STRIKE PRICE OF DKK 269.4609 REPRESENTING A PREMIUM OF 40% ABOVE VOLUME-WEIGHTED AVERAGE PRICE OF SHARES.  Full Article

GN Store Nord launches EUR 215 million zero coupon convertible bond offering
Tuesday, 23 May 2017 01:27am EDT 

May 23 (Reuters) - GN STORE NORD A/S ::LAUNCHES EUR 215 MILLION ZERO COUPON CONVERTIBLE BOND OFFERING CONSISTING OF BOND WITH WARRANT UNITS .UNITS CONSIST OF SENIOR UNSECURED ZERO COUPON BONDS DUE 2022 ( "BONDS") WITH DETACHABLE UNSECURED WARRANTS EXPIRING 2022 ( "WARRANTS").GN STORE NORD - PROCEEDS FROM OFFERING WILL BE USED FOR GENERAL CORPORATE PURPOSES INCLUDING REFINANCING OF EXISTING DEBT FACILITIES, REPURCHASE OF SHARES AND FOR FINANCING OF GROWTH OPPORTUNITIES.OFFERING WILL HAVE A SIZE OF APPROXIMATELY EUR 215 MILLION WITH UP TO 6,283,628 SHARES INITIALLY UNDERLYING WARRANTS.UNITS WILL HAVE A MATURITY OF FIVE YEARS AND WILL BE ISSUED AT 100% OF PRINCIPAL AMOUNT OF BONDS, WHICH HAVE A DENOMINATION OF EUR 100,000 PER BOND.ONGOING DKK 1 BILLION SHARE BUYBACK PROGRAM, OF WHICH DKK 937 MILLION REMAINS OUTSTANDING, WILL CONTINUE UNDER SAFE HARBOUR RULES.  Full Article

GN Store Nord Q1 EBITA DKK 320 mln, above expectations
Thursday, 4 May 2017 01:00am EDT 

May 4 (Reuters) - GN STORE NORD ::STRONG REVENUE AND EBITA GROWTH IN GN HEARING AND GN AUDIO – RESOUND LINX 3D ANNOUNCED AT AAA.Q1 REVENUE DKK 2.23 BILLION (REUTERS POLL DKK 2.14 BILLION).GN AUDIO EBITA INCREASED 14% AND REACHED DKK 103 MLN IN Q1 2017, COMPARED TO DKK 90 MLN IN Q1 2016.Q1 EBITA DKK 320 MILLION (REUTERS POLL DKK 297 MILLION).SAYS CONFIRMS THE FINANCIAL GUIDANCE FOR 2017 ON ALL PARAMETERS..  Full Article

GN Store starts a new share buyback program
Thursday, 4 May 2017 01:00am EDT 

May 4 (Reuters) - GN STORE NORD :INITIATION OF NEW SHARE BUYBACK PROGRAM.PURPOSE OF PROGRAM IS TO REDUCE COMPANY'S SHARE CAPITAL..MAXIMUM AMOUNT ALLOCATED TO SHARE BUYBACK PROGRAM IS LIMITED TO A TOTAL VALUE OF DKK 1,000 MILLION.AT A PRICE OF E.G. DKK 170 PER SHARE, MAXIMUM NUMBER OF SHARES THAT MAY BE REPURCHASED UNDER PROGRAM IS 5.9 MILLION, WHICH IS EQUIVALENT TO APPROXIMATELY 4.0% OF GN'S SHARE CAPITAL.  Full Article

GN Store Nord: new hearing care solution ReSound LiNX 3D launched
Monday, 3 Apr 2017 06:42am EDT 

GN STORE NORD : STUDIES SHOW THAT COMPARED TO PREMIUM HEARING AIDS FROM COMPETITIVE BRANDS, RESOUND LINX 3D: IS UP TO 50% BETTER AT IDENTIFYING SPEECH ACROSS VARIOUS ENVIRONMENTS . STUDIES SHOW THAT RESOUND LINX 3D ENABLES USERS TO HEAR UP TO 80% MORE OF SOUNDS AROUND THEM . SAYS STUDIES SHOW THAT COMPARED TO PREMIUM HEARING AIDS FROM COMPETITIVE BRANDS, RESOUND LINX 3D ENABLES USERS TO UNDERSTAND UP TO 40% MORE SPEECH IN NOISE .GN HEARING UNVEILED RESOUND LINX 3D.  Full Article

GN Store Nord Q4 EBITA 593 million crowns, above expectations
Thursday, 9 Feb 2017 01:00am EST 

GN Store Nord : Q4 revenue 2.51 billion Danish crowns ($360 million)(Reuters poll 2.47 billion crowns) . Q4 EBITA 593 million crowns (Reuters poll 581 million crowns) . In 2017, GN Store Nord expects a mid-teens percent increase in earnings per share .Propose to pay out 1.15 crown per share in dividend for 2016 (Reuters poll 1.33 crowns per share).  Full Article

GN Audio acquires VXI Corp
Thursday, 13 Oct 2016 08:15am EDT 

Gn Store Nord A/S :Owner of Jabra GN Audio says it has acquired VXI Corporation, headset manufacturer of both VXI and Blueparrott brands.  Full Article

BRIEF-GN Store Nord looses lawsuit against Plantronics

* ‍JURY RULES IN FAVOR OF PLANTRONICS IN GN AUDIO'S LAWSUIT AGAINST PLANTRONICS.