GN STORE NORD A/S ADR

The global hearing aid devices market is expected to grow at a CAGR of 5.45% from 2024 to 2030, driven by the rising burden of hearing loss, increased exposure to high-intensity sounds, and growing awareness and screening programs. Digital hearing aids are expected to hold a significant market share, with advancements in technology and features.

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GN Store Nord reported strong financial results in Q3 2024, with the Hearing division gaining significant market share and the Enterprise division facing headwinds in parts of Europe. The Gaming & Consumer division executed on the wind-down of certain product lines, leading to a decline in revenue but improved profitability. The company generated strong cash flow and upgraded its guidance for the full year.

Related tickers: GNNDY.