GN Store Nord AS

GN: XCSE (DNK)
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GN Store Nord Earnings: Soft Market Conditions Offset New Product Growth; Shares Fairly Valued

GN Store Nord reported DKK 2,171 million in sales in the second quarter, down 4% organically. The adjusted EBITA margin increased to 5.1% from 0.3% in the previous quarter. Management trimmed its organic revenue growth outlook to 0%-3% while raising its adjusted EBITA margin outlook to 9%-10%.

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