GN Store Nord AS

GN: XCSE (DNK)
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GN Store Earnings: Hearing Continues to Show Strong Performance; Enterprise Recovery Still Not Here

GN Store Nord released its third-quarter results, which were largely in line with our estimates. The company's updated guidance implies strong performance in the hearing segment but continuing challenges in the enterprise business. We maintain our narrow moat rating and our fair value estimate. Even as the market is receiving the results positively, shares remain deeply undervalued.

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