Business Services Industry
GN Store Nord A/S adjusts down full-year forecasts
Nordic Business Report, July 5, 2006
NORDIC BUSINESS REPORT-5 July 2006-GN Store Nord A/S adjusts down full-year forecasts(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
The Danish headsets, hearing instruments and audiologic diagnostics equipment manufacturer GN Store Nord A/S issued a new full-year profit guidance on Wednesday (5 July), adjusting down its pre-tax forecast.
GN Store Nord said that it now expects the full-year pre-tax result to amount to DKK775m, as compared to the previously announced DKK925m.
The adjustment is due to weaker than expected sales growth. The company previously expected full-year revenues of at least DKK8bn on a growth of 20%, but has now adjusted the figures down to DKK7.6-7.7bn and 15%.
One Danish krone (DKK) is worth approximately 0.09 British pounds (GBP).
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