GN Store Nord A/S
CSE:GN
GN Store Nord A/S
In the bustling world of global technology, GN Store Nord A/S stands out as a fascinating player with a legacy dating back to 1869. Originally rooted in the telegraph industry, the company has adeptly metamorphosed through time to become a leader in hearing aids and audio devices. The heart of GN Store Nord's business beats in its dual prowess: GN Hearing and GN Audio. These twin pillars allow the company to seamlessly blend healthcare innovation with cutting-edge consumer technology. GN Hearing focuses on the development and production of advanced hearing aid solutions, catering to the growing demographic of individuals seeking quality life enhancements through better hearing. By leveraging sophisticated technologies, such as artificial intelligence and wireless connectivity, GN Hearing offers a range of products that improve the auditory experience for users worldwide.
Parallelly, GN Audio operates under the brand Jabra, where it crafts a variety of audio and video solutions that cater to both professional and personal needs. From state-of-the-art headsets used in corporate environments to immersive earbuds favored by audiophiles, GN Audio has carved a significant niche for itself in the audio market. The synergy between GN's hearing and audio segments not only fuels revenue generation but also sustains its commitment to innovation, allowing the company to adapt and thrive in an ever-evolving technological landscape. By tapping into the demand for superior audio and communication devices, GN Store Nord maintains a robust financial performance while continuously exploring new growth avenues within its core sectors.
In the bustling world of global technology, GN Store Nord A/S stands out as a fascinating player with a legacy dating back to 1869. Originally rooted in the telegraph industry, the company has adeptly metamorphosed through time to become a leader in hearing aids and audio devices. The heart of GN Store Nord's business beats in its dual prowess: GN Hearing and GN Audio. These twin pillars allow the company to seamlessly blend healthcare innovation with cutting-edge consumer technology. GN Hearing focuses on the development and production of advanced hearing aid solutions, catering to the growing demographic of individuals seeking quality life enhancements through better hearing. By leveraging sophisticated technologies, such as artificial intelligence and wireless connectivity, GN Hearing offers a range of products that improve the auditory experience for users worldwide.
Parallelly, GN Audio operates under the brand Jabra, where it crafts a variety of audio and video solutions that cater to both professional and personal needs. From state-of-the-art headsets used in corporate environments to immersive earbuds favored by audiophiles, GN Audio has carved a significant niche for itself in the audio market. The synergy between GN's hearing and audio segments not only fuels revenue generation but also sustains its commitment to innovation, allowing the company to adapt and thrive in an ever-evolving technological landscape. By tapping into the demand for superior audio and communication devices, GN Store Nord maintains a robust financial performance while continuously exploring new growth avenues within its core sectors.
Organic Growth: GN delivered 1% organic revenue growth in Q3, with Hearing up 7%, Enterprise down 4%, and Gaming up 3%, reflecting market share gains and strong execution in key segments.
Margins & Cash Flow: Gross margin remained strong at 54.4%, just 0.4 percentage points below last year, and cash flow was solid at DKK 410 million for the quarter.
Guidance Reconfirmed: Management reaffirmed full-year guidance for organic revenue growth of -2% to +2%, EBITDA margin of 11%–13%, and around DKK 800 million in free cash flow (excluding M&A).
Enterprise Trends: Enterprise saw negative organic revenue growth but positive sell-out growth for the fourth consecutive quarter in North America and APAC; Europe remains challenged by macro headwinds.
Product Success: New product launches like ReSound Vivia in Hearing and Arctis Nova Elite in Gaming received strong market feedback and drove market share gains.
Tariff Impacts: Tariffs negatively affected results, especially in Gaming, but GN is mitigating impacts with supply chain adjustments and price increases.
Positive Outlook: Management expressed confidence in continued improvement in Enterprise growth, ongoing margin recovery, and the successful rollout of new product platforms.
