Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
GN Store Nord A/S is a Danish multinational company founded in 1869, originally as a telegraph enterprise, now specializing in intelligent hearing, audio, video, and gaming solutions. Headquartered in Ballerup, Denmark, it operates through three main segments: Hearing, which develops advanced hearing instruments under brands like ReSound, Beltone, Interton, and Danavox to address hearing impairment; Enterprise, providing professional audio and video devices such as headsets, speakerphones, and videobars via Jabra and BlueParrott for business communication; and Gaming and Consumer, offering gaming peripherals and consumer audio products through SteelSeries and FalCom. With over 7,300 employees and a global presence in more than 100 countries, primarily in Europe and North America, GN Store Nord A/S leverages its 150-year legacy of innovation—from pioneering telegraph lines to groundbreaking wireless hearing aids and noise-cancelling technologies. The company plays a significant role in the healthcare and technology sectors, enhancing communication, collaboration, and entertainment experiences worldwide.
Operating margin is thin at 9.52%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 6.7% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 14% versus the prior year, cash generation momentum has weakened. Net debt of DKK 9.70B represents 8.5x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
DKK 16.59B
▼ -6.7% YoY
Net Income (TTM)
-DKK 325M
▼ -33.0% YoY
Op. Margin
6.47%
▼ -0.4pp YoY
ROIC
5.64%
▼ -0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
DKK 1.44B
▼ -13.9% YoY
Op. Cash Flow (TTM)
DKK 1.66B
▲ +13.5% YoY
Net Debt
DKK 9.70B
Cash & Equiv.
DKK 1.12B
3Y CAGR: -3.5%
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