Financials GN Store Nord A/S

Equities

GN

DK0010272632

Household Electronics

Market Closed - Nasdaq Copenhagen Other stock markets 11:20:00 2024-09-16 EDT			5-day change	1st Jan Change
163.05 ^DKK	-0.88%		-0.55%	-5.09%

09-13	Apple Inc. : AirPods become hearing aids and revolutionize the industry
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Projected Income Statement: GN Store Nord A/S

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	12,574	13,449	15,775	18,687	18,120	18,386	19,126	20,551
Change	-	6.96%	17.29%	18.46%	-3.03%	1.47%	4.02%	7.45%
EBITDA ¹	2,701	2,284	3,048	2,045	1,751	3,038	3,664	4,044
Change	-	-15.44%	33.45%	-32.91%	-14.38%	73.52%	20.58%	10.4%
EBIT ¹	2,023	1,627	2,397	1,111	869	1,888	2,499	2,864
Change	-	-19.57%	47.33%	-53.65%	-21.78%	117.24%	32.37%	14.62%
Interest Paid ¹	-92	-6	-90	-405	-	-554	-535.2	-466.6
Earnings before Tax (EBT) ¹	1,913	1,612	2,271	725	343	1,387	1,953	2,406
Change	-	-15.73%	40.88%	-68.08%	-52.69%	304.36%	40.8%	23.19%
Net income ¹	1,454	1,252	1,756	570	266	1,026	1,503	1,852
Change	-	-13.89%	40.26%	-67.54%	-53.33%	285.67%	46.48%	23.24%
Announcement Date	2/5/20	2/11/21	2/10/22	2/9/23	2/8/24	-	-	-

¹DKK in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3
Net sales ¹	2,999	3,684	2,967	2,659	3,739	4,084	4,110	3,778	3,787	4,100	3,859	4,857	4,701	5,270	4,214	4,394	4,443	5,069	4,303	4,499	4,434	5,063	4,328	4,483	4,802
Change	-	22.84%	-19.46%	-10.38%	40.62%	9.23%	0.64%	-8.08%	0.24%	8.27%	-5.88%	25.86%	-3.21%	12.1%	-20.04%	4.27%	1.12%	14.09%	-15.11%	4.55%	-1.44%	14.18%	-14.51%	3.58%	7.11%
EBITDA ¹	635	927	404	131	910	839	858	740	717	733	134	736	621	665	282	444	538	487	639	473	596.9	887.9	718.1	749	889
Change	-	45.98%	-56.42%	-67.57%	594.66%	-7.8%	2.26%	-13.75%	-3.11%	2.23%	-81.72%	449.25%	-15.62%	7.09%	-57.59%	57.45%	21.17%	-9.48%	31.21%	-25.98%	26.18%	48.76%	-19.12%	4.31%	18.69%
EBIT ¹	384	773	251	-28	712	692	712	584	571	530	178	436	364	438	70	231	391	177	459	284	410.7	692.3	512.1	531.2	610
Change	-	101.3%	-67.53%	-	-	-2.81%	2.89%	-17.98%	-2.23%	-7.18%	-66.42%	144.94%	-16.51%	20.33%	-84.02%	230%	69.26%	-54.73%	159.32%	-38.13%	44.6%	68.58%	-26.03%	3.74%	14.83%
Charge d'intérêts ¹	62	-37	-111	49	91	-35	-99	-12	-4	34	-156	-78	-91	-82	-125	-129	-91	-	-110	-140	-160	-170	-	-	-
Earnings before Tax (EBT) ¹	451	722	139	15	801	657	612	552	567	540	-227	325	273	354	-56	56	295	48	343	144	288.2	566.7	437	368	461
Change	-	60.09%	-80.75%	-89.21%	5,240%	-17.98%	-6.85%	-9.8%	2.72%	-4.76%	-	-	-16%	29.67%	-	-	426.79%	-83.73%	614.58%	-58.02%	100.13%	96.65%	-22.89%	-15.79%	25.27%
Net income ¹	339	556	101	8	616	527	474	427	433	422	-191	242	197	278	-54	32	213	39	254	96	235.1	455.4	325	321	364
Change	-	64.01%	-81.83%	-92.08%	7,600%	-14.45%	-10.06%	-9.92%	1.41%	-2.54%	-	-	-18.6%	41.12%	-	-	565.62%	-81.69%	551.28%	-62.2%	144.87%	93.72%	-28.63%	-1.23%	13.4%
Announcement Date	11/7/19	2/5/20	4/29/20	8/19/20	11/11/20	2/11/21	5/6/21	8/19/21	10/29/21	2/10/22	5/5/22	8/18/22	11/11/22	2/9/23	4/27/23	8/16/23	11/10/23	2/8/24	5/2/24	8/22/24	-	-	-	-	-

¹DKK in Million

Estimates

Forecast Balance Sheet: GN Store Nord A/S

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	5,303	4,198	5,358	14,561	-	9,752	8,366	6,921
Change	-	-20.84%	27.63%	171.76%	-	-	-14.21%	-17.27%
Announcement Date	2/5/20	2/11/21	2/10/22	2/9/23	2/8/24	-	-	-

¹DKK in Million

Estimates

Cash Flow Forecast: GN Store Nord A/S

Fiscal Period: December	2019	2020	2021	2022	2024	2025	2026
CAPEX ¹	947	1,093	1,524	1,668	1,591	1,617	1,648
Change	-	15.42%	39.43%	9.45%	-	1.62%	1.95%
Free Cash Flow (FCF) ¹	1,296	1,865	702	-1,291	1,042	1,326	1,471
Change	-	43.9%	-62.36%	-283.9%	-	27.21%	10.91%
Announcement Date	2/5/20	2/11/21	2/10/22	2/9/23	-	-	-

¹DKK in Million

Estimates

Forecast Financial Ratios: GN Store Nord A/S

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	21.48%	16.98%	19.32%	10.94%	9.66%	16.53%	19.15%	19.68%
EBIT Margin (%)	16.09%	12.1%	15.19%	5.95%	4.8%	10.27%	13.07%	13.94%
EBT Margin (%)	15.21%	11.99%	14.4%	3.88%	1.89%	7.54%	10.21%	11.71%
Net margin (%)	11.56%	9.31%	11.13%	3.05%	1.47%	5.58%	7.86%	9.01%
FCF margin (%)	10.31%	13.87%	4.45%	-6.91%	-	5.67%	6.93%	7.16%
FCF / Net Income (%)	89.13%	148.96%	39.98%	-226.49%	-	101.6%	88.24%	79.41%
Profitability
ROA	9.9%	7.5%	9.75%	2.11%	-	3.78%	5.32%	5.9%
ROE	29.56%	24.97%	30.79%	8.75%	-	10.84%	13.6%	14.36%
Financial Health
Leverage (Debt/EBITDA)	1.96x	1.84x	1.76x	7.12x	-	3.21x	2.28x	1.71x
Debt / Free cash flow	4.09x	2.25x	7.63x	-11.28x	-	9.36x	6.31x	4.71x
Capital Intensity
CAPEX / Current Assets (%)	7.53%	8.13%	9.66%	8.93%	-	8.65%	8.45%	8.02%
CAPEX / EBITDA (%)	35.06%	47.85%	50%	81.56%	-	52.37%	44.13%	40.76%
CAPEX / FCF (%)	73.07%	58.61%	217.09%	-129.2%	-	152.65%	121.93%	112.08%
Items per share
Cash flow per share ¹	16.67	24.66	16.22	4.894	-	16.29	19.1	21.38
Change	-	47.87%	-34.21%	-69.83%	-	-	17.3%	11.95%
Dividend per Share ¹	1.45	1.45	1.55	-	-	0.023	0.6579	0.6085
Change	-	0%	6.9%	-	-	-	2,760.26%	-7.5%
Book Value Per Share ¹	37.6	40.15	48.77	53.14	-	73.68	84.22	96.25
Change	-	6.77%	21.48%	8.95%	-	-	14.31%	14.29%
EPS ¹	10.98	9.63	13.49	4	1.64	7.126	10.31	12.78
Change	-	-12.3%	40.08%	-70.35%	-59%	334.5%	44.69%	23.99%
Nbr of stocks (in thousands)	128,972	128,813	127,692	127,956	145,551	145,613	145,613	145,613
Announcement Date	2/5/20	2/11/21	2/10/22	2/9/23	2/8/24	-	-	-