GN Store Nord A/S

GN

Equity

ISIN DK0010272632 / Valor 1137229

Nasdaq Copenhagen Equities (2024-12-23)

DKK 130.70-0.46%

GN Store Nord A/S
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About company

GN Store Nord A/S is a global leader in intelligent hearing, audio, video, and gaming solutions, with a history spanning over 155 years. The company is dedicated to bringing people closer through innovative technology that enhances the senses of hearing and sight. GN Store Nord A/S focuses on helping individuals with hearing loss, improving communication and collaboration for businesses, and enriching the audio and gaming experiences for enthusiasts. With a strong commitment to innovation and a market-leading portfolio of hardware and software technology solutions, the company holds strong positions in markets characterized by high barriers to entry and significant long-term growth drivers. GN Store Nord A/S continues to honor its rich heritage by developing technologies that have a real impact on people's lives, driven by a passion for sound and vision.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Growth

In Q1 2024, GN Store Nord A/S reported organic revenue growth of 5%, leading to a total group revenue of DKK 4,303 million. This represents a 2% increase compared to the same quarter in the previous year, despite a -1% impact from foreign exchange rates and a -2% impact from M&A driven retail disposals.

Gross Profit

GN Store Nord A/S achieved a gross profit of DKK 2,275 million in Q1 2024, corresponding to a gross margin of 52.9%. This is a significant improvement from the adjusted gross margin of 48.8% in Q1 2023, driven by group-wide synergies, reduced freight costs, and a favorable business mix.

Divisional Profit

The divisional profit for GN Store Nord A/S increased by 31% to DKK 1,249 million in Q1 2024. This improvement reflects a rise in the divisional profit margin to 29.0%, up from an adjusted 22.6% in Q1 2023, due to higher gross profit and well-managed sales and distribution costs.

EBITA

GN Store Nord A/S reported a 114% increase in EBITA, reaching DKK 538 million in Q1 2024. This growth was driven by a 31% increase in divisional profit, partially offset by investments in back-office and IT, resulting in an EBITA margin of 12.5% compared to 6.0% in Q1 2023.

Free Cash Flow

Free cash flow excluding M&A for GN Store Nord A/S was DKK 46 million in Q1 2024, a significant improvement from DKK -578 million in Q1 2023. This increase was primarily driven by a substantial rise in operating cash flow, reflecting the company's strong margin expansion and stable net interest-bearing debt.

Summarized from source with an LLMView Source

Key figures

-25.8%1Y

-67.4%3Y

-58.6%5Y

Performance

40.2%1Y

47.7%3Y

44.3%5Y

Volatility