GN Store Nord A/S (GN) Earnings Call Transcripts

GN Store Nord A/S's Latest Earnings Call - Q1 FY2026

In Q1 2026, GN Store Nord A/S reported a challenging quarter with a 4% decline in organic revenue, impacted by weak demand in the EMEA region and inventory reductions. The company posted an adjusted EBITA margin of 0%, down from 6% in Q1 2025. Management has updated guidance for organic revenue growth to a range of 0% to 6% for the full year, reflecting cautious expectations for the enterprise segment, particularly in EMEA, while maintaining optimism for growth in the gaming division and a recovery in margins in the second half of the year.

Reported metrics

Guidance from management

Management has updated the full-year organic revenue growth guidance to a range of 0% to 6%, reflecting challenges in the enterprise segment, particularly in EMEA. They expect EBITDA margins to improve to 8% to 9% for the year, supported by cost-saving measures and product launches.

What management said

Hello, everyone, and welcome to GN's conference call in relation to our Q1 report announced yesterday evening. Participating in today's call is Group CEO, Peter Karlstromer; Group CFO, Soren Jelert; and myself, Rune Sandager, Head of Investor Relations. The presentation is expected to last about 20 minutes, after which we'll turn to the Q&A session. The presentation always should already be uploaded on gn.com. And wi...

Thank you, Peter and Soren, for the updates. That was the end of the presentation. I will hand you over to the operator for the Q&A. Please limit yourself for 2 questions at a time please.

What analysts pressed on

Analysts expressed concerns about the weak demand in the EMEA region and the potential for further declines in enterprise revenue. There were questions regarding the narrow guidance range for EBITDA margins and the impact of recent product launches on future growth.

Main topics on the call

• Weak Demand in EMEA — The enterprise division faced a 5% decline in organic revenue due to weak demand and inventory reductions in EMEA, which is the largest region for GN. Management stated, "We expect the challenged market conditions in EME...
• Gaming Division Growth — Despite overall challenges, the gaming division reported a negative 1% organic revenue growth, supported by strong execution in the headset segment. Management noted, "We do expect the Nova Pro omni category to meaningfu...
• Adjusted EBITDA Margin Guidance — Management has reintroduced guidance for an adjusted EBITDA margin of 8% to 9% for 2026, citing cost-saving initiatives and improved gross margins expected from Q2. They stated, "We do expect our more normal gross margin...
• Product Launches and Market Share — The company is optimistic about upcoming product launches, particularly in the enterprise segment, which are expected to drive market share gains. Management highlighted, "We do expect to regain this share with the launc...

Read the full GN Store Nord A/S transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 36 GN Store Nord A/S earnings call transcripts on record, spanning February 5, 2020 to May 7, 2026. Based on this history, GN Store Nord A/S reports quarterly. The most recent call on file is dated May 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GN

Exchange

CPSE

Country

DK

Sector

Consumer Discretionary

Industry

Household Durables

Calls on record

36

First call

February 5, 2020

Most recent

May 7, 2026

Reporting cadence

quarterly