GNNasdaq CopenhagenMedical DevicesIFRS · DKK

GN Store Nord A/S

GN Store Nord A/S is a Danish industrial technology group with operations in hearing and audio communications. The company has historically been organized around hearing solutions and enterprise audio equipment, serving users through specialized devices and systems sold across international markets.

Kysy yhtiöstä
Liikevaihto16,8mrd DKK
−6,7 %v/v
Liikevoitto (EBIT)1 596milj. DKK
−14,2 %v/v
EBIT-marginaali9,5%
−0,8 %-yks.v/v
Nettotulos710milj. DKK
−33,0 %v/v
Vapaa kassavirta2 508milj. DKK
−3,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2021–2025

05101520mrd DKK2021: 15,8 mrd DKK2021: EBIT 2,4 mrd DKK20212022: 18,7 mrd DKK2022: EBIT 1,1 mrd DKK20222023: 18,1 mrd DKK2023: EBIT 0,87 mrd DKK20232024: 18,0 mrd DKK2024: EBIT 1,9 mrd DKK20242025: 16,8 mrd DKK2025: EBIT 1,6 mrd DKK202516,81,6
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: GN Store Nord A/S

Liiketoiminta

Osuus liikevaihdosta
Enterprise audio36 %

Headsets, speakerphones, and communication devices for business users and contact centers.

Gaming audio14 %

Headsets and accessories designed for gaming and consumer entertainment use.

Hearing solutions50 %

Hearing instruments, fitting systems, and related accessories for hearing care.

Asiakkaat

GN Store Nord sells through distinct customer groups, including businesses that equip employees with audio communication devices and consumers or gamers who buy premium headsets. Its hearing-related products are purchased through hearing care professionals and clinics that fit devices for end users. The business depends on both institutional purchasing channels and specialized retail or professional distribution.

Enterprise communication customers

Businesses and contact centers buying headsets and speakerphones for workplace communication.

Hearing care channel

Audiologists, clinics, and other professionals that fit hearing devices for patients.

Gaming consumers

Consumers buying gaming headsets and accessories for entertainment use.

Distribution partners

Resellers and channel partners that place product into local markets.

Strategia

The company’s strategy centers on specialized audio and hearing technology, with emphasis on product innovation, channel execution, and brand strength in niche end markets. Its competitive position depends on maintaining relevance in enterprise communications while supporting gaming and hearing-care franchises with differentiated products and distribution reach.

Product innovationKeskipitkä aikaväli

Audio and hearing markets reward device quality, ergonomics, and software-enabled features.

Channel executionLyhyt aikaväli

Reaching end users depends on strong relationships with distributors, clinics, and enterprise buyers.

Portfolio focusKeskipitkä aikaväli

Different end markets have different demand cycles, so portfolio balance helps stabilize the business.

Maantiede

GN Store Nord operates internationally, with a Nordic base and sales spanning multiple major regions. Its revenue exposure is tied to global enterprise, gaming, and hearing-care demand, which makes regional mix and channel access important to performance. The company’s operations and customer base are diversified across Europe, North America, and other international markets.

Riskit

GN Store Nord is exposed to cyclical demand in enterprise and gaming audio, as well as competitive and reimbursement-related pressure in hearing solutions. Its international footprint also creates exposure to foreign exchange, supply chain, and channel execution risks. Accounting outcomes can be affected by intangible assets, hedging, and impairment judgments where market conditions change quickly.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cyclical enterprise demand1Competitive pressure in hearing care2Gaming market volatility3Foreign exchange exposure4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cyclical enterprise demandVaikutus: KorkeaTodennäköisyys: Korkea

    Headsets and communication tools are tied to business procurement cycles and office spending.

    Kohdistuu: Enterprise audio

  2. Competitive pressure in hearing careVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Hearing devices compete on technology, pricing, and professional channel access.

    Kohdistuu: Hearing solutions

  3. Gaming market volatilityVaikutus: KeskitasoTodennäköisyys: Korkea

    Gaming hardware demand can swing with product cycles and consumer discretionary spending.

    Kohdistuu: Gaming division

  4. Foreign exchange exposureVaikutus: KeskitasoTodennäköisyys: Korkea

    A multinational revenue base and cost structure create translation and transaction risk.

    Kohdistuu: Europe and global markets

Kysy Clarifolta: GN Store Nord A/S

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Sales are driven by shipped devices and channel deliveries, so timing affects period-to-period comparability.

Vaikutus: Can shift revenue between quarters and affect reported growth

Goodwill and intangible impairment

Acquisitions and brand-related assets may require impairment testing if market conditions weaken.

Vaikutus: Potentially material non-cash charges

Hedge accounting

Foreign exchange and commodity exposures can create derivative gains and losses.

Vaikutus: Affects reported volatility in finance income and OCI

Lease accounting

Operating sites and offices create right-of-use assets and lease liabilities.

Vaikutus: Influences leverage and EBITDA-style measures

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.10.2026