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GN Store Nord A/S/€GN

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About GN Store Nord A/S

GN Store Nord A/S is a Denmark-based company specializing in audio solutions and hearing aid technologies, operating primarily within two segments: GN Hearing and GN Audio. Founded in 1869, it has a long history in telecommunications and hearing instruments. GN Hearing focuses on developing innovative hearing aids and accessories, while GN Audio provides headsets and communication solutions for professionals and consumers. The company is headquartered in Ballerup, Denmark, and has a significant global presence, leveraging advanced technology to meet consumer needs. GN Store Nord's competitive strength lies in its strong R&D capabilities and its ability to integrate audio technologies across diverse applications.
Ticker
€GN
Sector
Consumer Discretionary
Primary listing
XGAT
Employees
7,744
Headquarters
Ballerup, Denmark
Website
www.gn.com

GN Metrics

BasicAdvanced
€2.1B
-
-€0.51
1.42
-

Bulls say / Bears say

Evolve3 is gaining traction, with double-digit sell-out growth in the premium Bluetooth category, while Gaming grew organically by 5% and gained headset share through Nova Pro Omni. Further September launches would make the refreshed Evolve3 range cover about half of Enterprise revenue. (Inderes, Yahoo Finance)
Gross margin improved to 52.1% from 50.4%, helping GN raise its 2026 adjusted EBITA margin guidance to 9–10% from 8–9%. Expected US tariff refunds of DKK100–150 million should also support second-half profit and cash flow. (MarketScreener)
The planned DKK17 billion Hearing sale would provide DKK12.6 billion in cash and 56 million Amplifon shares, potentially moving GN to a net cash position after completion. It also gives management a clearer focus on Enterprise and Gaming, with planned structural savings of about DKK200 million from 2027. (Inderes, Quartr)
The top line remains weak: Q2 continuing-operations revenue fell 6%, organic revenue fell 4%, and Enterprise organic revenue fell 7%. GN consequently cut its 2026 organic growth range to 0–3% from 0–6%, leaving little room for execution misses. (MarketScreener)
Cash generation is under pressure while the balance sheet remains leveraged: Q2 free cash flow excluding M&A was negative DKK616 million and net interest-bearing debt was DKK9.6 billion. The carve-out and restructuring programme is also expected to bring about DKK750 million of one-off cash costs across 2026–27. (Quartr, Inderes)
The higher margin target may overstate underlying improvement: an analyst assessment says the DKK100–150 million tariff refund accounts for the entire upward revision, while hoped-for FalCom sales have been pushed into 2027. That makes the outlook more dependent on one-off support and delayed growth. (Inderes)
Data summarised monthly by Lightyear AI. Last updated on 22 Sept 2026.

GN Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

GN Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.