Interim Report Q1 2024: GN Store Nord delivered organic revenue growth of 5% reaching an EBITA margin of 12.5% [Yahoo! Finance]
GN STORE NORD A/S ADR (GNNDY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
The Hearing division delivered continued market share gains leading to 14% organic revenue growth, resulting in 8.2 percentage point increase in the divisional profit margin supported by synergies and a successful ReSound Nexia roll-out The Enterprise division continued its relentless commercial execution in a stabilizing market leading to 0% organic revenue growth. The divisional profit margin increased by 5.7 percentage points driven by easing freight costs, synergies, product mix, and strict cost control The Gaming & Consumer division delivered organic revenue growth of 0% due to a demanding comparison base from Q1 2023. The divisional profit margin increased by 3.8 percentage points driven by easing freight costs, synergies, and less promotional activity, while investing in sales and marketing Group EBITA grew 114% to DKK 538 million, equal to an EBITA margin of 12.5%, which was an improvement of 6.5 percentage points compared to adj. EBITA in Q1 2023, driven by improved di
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