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GN rallies after Q3 profit beat, shareholder distribution plan

By Reuters News

** Shares in GN Store Nord GN.CO jump around 16% after the Danish hearing aid maker posted better-than-expected Q3 profit, and said it planned to distribute at least DKK 4 billion to shareholders by end-2027

** Q3 operating profit came in at DKK 310 million ($46.71 million) vs LSEG estimate of DKK 286.5 million

** "The figures are largely in line with expectations, which is something new and positive," Nordnet analyst Per Hansen says

** Hansen also highlights that tax payment related to the Hearing transaction has been reduced to DKK 300-500 million, down from previous estimate of DKK 1.5-2.0 billion

** Stock hits its highest price since March 2025

** Shares of Italian hearing aid maker Amplifon AMPF.MI, which is completing GN's hearing unit takeover by year-end, rise around 4% after GN's results

** Brokerage Equita says GN Hearing’s reported organic growth is "reassuring" and consistent with its estimate

($1 = 6.6372 Danish crowns)

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