Edition:
United States

GN Store Nord A/S (GN.CO)

GN.CO on Copenhagen Stock Exchange

238.70DKK
23 May 2018
Change (% chg)

kr.-1.10 (-0.46%)
Prev Close
kr.239.80
Open
kr.239.10
Day's High
kr.239.60
Day's Low
kr.236.90
Volume
428,649
Avg. Vol
541,249
52-wk High
kr.248.80
52-wk Low
kr.182.20

Latest Key Developments (Source: Significant Developments)

GN Store Nord Acquires Majority Stake In Innova
Wednesday, 2 May 2018 03:57am EDT 

May 2 (Reuters) - GN STORE NORD A/S ::A/S - GN AUDIO INVESTS IN FURTHER GROWTH IN INDIA WITH JABRA CONNECT.GN AUDIO HAS ACQUIRED A MAJORITY STAKE IN INNOVA TELECOM PVT. LTD.  Full Article

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 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

GN Store Nord: GN Audio acquires VXi Corporation
Thursday, 13 Oct 2016 08:00am EDT 

GN Store Nord A/S : Has acquired VXi Corporation . Purchase price is $35 million on a debt and cash free basis .Acquisition will not affect GN's financial guidance for 2016.  Full Article

GN Store Nord says it launches 2017-2019 strategy
Monday, 26 Sep 2016 01:26am EDT 

GN Store Nord : Says it launches company's 2017-2019 strategy . Says targets for GN Hearing 2017-2019 annual organic revenue growth of 6-8 percent . Says targets for GN Audio 2017-2019 annual organic revenue growth of 6-9 percent . Says that ownership of GN Otometrics is transferred from GN Hearing to Natus Medical . Says as part of the transfer of ownership of GN Otometrics, GN hearing and Natus have made strategic partnership on future technology, product development and commercialization . Says GN Hearing's EBITA guidance for 2016, excluding GN Otometrics, is updated to around DKK 1,100 million before transaction-related costs during the year . Says "upgrade and enhancements to commercial approach and an empowered performance-minded organization" . Says targets for GN Hearing 2017-2019 EBITA margin of 20-22 percent . Says targets for GN Audio 2017-2019 EBITA margin of 17-19 percent . Says the world's first complete digital ear scanning solution, Otoscan, will be fully commercialized by Natus with future royalties to GN Hearing .Says transaction-related costs for FY 2016 are estimated DKK 20 million related to the divestment of GN Otometrics and DKK 22 million related to the acquisition of Audigy Group.  Full Article

GN Store Nord Q2 EBITA DKK 345 million; below expectations
Thursday, 11 Aug 2016 01:00am EDT 

GN Store Nord A/S : Q2 revenue 2.25 billion Danish crowns ($337.8 million) (Reuters poll 2.18 billion crowns) . Q2 EBITA 345 million crowns (Reuters poll 352 million crowns) . Financial guidance for 2016 is confirmed . GN Hearing confirms its 2016 guidance of organic growth of around 6 percent and EBITA of around 1.20 billion crowns .GN Audio confirms its 2016 guidance of organic growth of 7-10 percent and EBITA of around 590 million crowns.  Full Article

GN Store Nord: Court Order issued in ongoing litigation between GN Netcom, Inc. v. Plantronics
Thursday, 7 Jul 2016 01:00am EDT 

GN Store Nord A/S : Court Order issued in ongoing litigation between GN Netcom, Inc. v. Plantronics . Says United States District Court in Wilmington, Delaware, issued its order on this motion for sanctions . Says order imposed punitive sanctions against plantronics in amount of $3 million . Says order imposed additional monetary sanctions reimbursing GN for reasonable fees and costs incurred in connection with discovery disputes leading to motion for sanctions . Says order imposed possible evidentiary sanctions, if requested by GN Netcom and found by Court to be warranted as this case progresses toward trial . Says order imposed instructions to jury that it may draw an adverse inference that emails destroyed by Plantronics would have been favorable to GN's case and/or unfavorable to Plantronics' defense .Order does not impact GN's financial guidance for 2016.  Full Article

GN Store closes acquisition of Audigy Group
Monday, 4 Jul 2016 01:39am EDT 

GN Store Nord A/S : Said on Friday had completed acquisition of Audigy . Said all necessary conditions, including relevant regulatory approvals, had been met .Audigy will be separate company and subsidiary of GN Hearing's US business entity.  Full Article

Photo

Sivantos and Widex in $8 billion merger to create No.3 in hearing aids

COPENHAGEN/FRANKFURT Hearing aid makers Widex and Sivantos are merging to create an industry number three that can invest more in digital devices and step up the challenge to market leaders Sonova and William Demant.