Denmark's GN Store Nord Q1 revenue falls

GN Store Nord A/S

06/05/2026 17:31

Overview

Denmark audio and communications firm's Q1 revenue from contops fell 8%

Adjusted EBITA from continuing operations dropped to DKK 6 mln, impacted by lower revenue and higher costs

Company updated 2026 guidance after Hearing division carve-out, expects 0-6% organic revenue growth

Outlook

GN expects 2026 organic revenue growth of 0-6% for continuing operations

Company sees 2026 adj. EBITA margin of 8-9% for continuing operations

GN targets DKK 200 mln in structural run-rate cost savings impacting margins from 2027

Result Drivers

ENTERPRISE WEAKNESS - Enterprise division revenue declined due to weak EMEA demand and channel inventory reductions, partly offset by growth in North America and APAC

PRODUCT LAUNCH COSTS - Group profit margin was impacted by annualization of tariff costs, an inventory provision related to US warehouse movement, and higher selling and distribution costs to support new product launches

MUTED GAMING DEMAND - Gaming division faced continued muted consumer sentiment, resulting in a slight revenue decline despite cost focus and market share gains

Company press release: ID:nGNE1DgLcW

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue From Contops
DKK 2.10 bln
Q1 Adjusted EBITA From Contops
DKK 6 mln
Q1 Gross Profit From Contops
DKK 1.01 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the household electronics peer group is "buy"

Wall Street's median 12-month price target for GN Store Nord A/S is DKK119.50, about 15.2% above its May 6 closing price of DKK103.70

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)