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%.