GN Store Nord A/S/DKr GN

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About GN Store Nord A/S

GN Store Nord A/S is a Danish company specializing in audio solutions and hearing aids, operating within the technology and healthcare industries. It provides a range of products, including hearing aids through its GN Hearing division and audio communications for consumer and professional markets through GN Audio, known for brands like Jabra. Founded in 1869 with a history rooted in telecommunication technology, the company is headquartered in Ballerup, Denmark. GN Store Nord leverages its expertise in sound processing and wireless technology to maintain a competitive edge in delivering innovative auditory products. Its extensive geographic reach and R&D investments support its strategic goals in multiple international markets.
Ticker
DKr GN
Sector
Consumer Discretionary
Primary listing
CSE
Employees
7,744
Headquarters
Ballerup, Denmark
Website
www.gn.com

GN Metrics

BasicAdvanced
kr 14B
-
-kr 3.85
1.42
-

Bulls say / Bears say

The agreed sale of Hearing to Amplifon values the division at DKK17.0 billion, including DKK12.6 billion in cash and 56 million Amplifon shares. If it closes as planned by year-end, the proceeds could remove much of GN’s debt and leave a more focused Enterprise and Gaming group. (GN Store Nord, Reuters)
New products are showing early traction. Gaming delivered 5% organic growth with its divisional margin rising to 15%, while Evolve3 supported stronger Enterprise sell-out and gross-margin improvement; further Evolve3 and Nova Pro launches are planned for the second half. (Inderes, Jabra)
There is a credible cost-and-margin recovery plan. GN raised its 2026 adjusted EBITA-margin guidance to 9–10% from 8–9%, expects DKK100–150 million of tariff refunds in the second half, and is targeting about DKK200 million of structural annual cost savings from 2027. (Inderes, GN Store Nord)
The continuing business is still shrinking: Q2 revenue fell 6% and organic revenue fell 4%, led by a 7% organic decline in Enterprise. GN also cut its 2026 organic-growth guidance to 0–3% from 0–6%, so the recovery remains unproven. (Inderes, RTTNews)
The improved margin outlook is partly dependent on DKK100–150 million of expected US tariff refunds, while Q2 adjusted EBITA fell 33% and the margin dropped to 5.1% from 7.1%. This makes the 9–10% full-year margin target less representative of underlying trading than it first appears. (Inderes, MarketScreener)
GN remains financially stretched before the Hearing sale closes: net interest-bearing debt was DKK9.6 billion and Q2 free cash flow, excluding acquisitions, was negative DKK616 million. The separation also carries around DKK750 million of one-off cash costs across 2026 and 2027, while the transaction still requires approvals and completion of the carve-out. (Inderes, GN Store Nord)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.

Funds containing GN

AllEURGBPUSD
Funds
Fund name
Fund size
DKr GN weighting
Xtrackers MSCI Europe Small Cap€DX2J
€3.2B0.13%
Xtrackers MSCI Europe Small Cap£XXSC
£2.8B0.13%
iShares MSCI World Small Cap$WSML
$9B0.02%
iShares MSCI World Small Cap€IUSN
€7.8B0.02%
iShares MSCI World Small Cap£WLDS
£6.7B0.02%
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Market data provided by CBOE Europe and Deutsche Börse.