Revenue fell 7.4 percent to DKK 3,986 million (4,303). The result can be compared with Bloomberg's analyst consensus of 4,240. Organic sales growth was -3 percent (5).
"Although we are not satisfied with the first quarter results, which were impacted by a number of short-term effects, we remain confident in the underlying strength of our business and the measures we are taking to navigate the uncertain global trade environment," said CEO Peter Karlstromer in the report.
Gross profit amounted to DKK 2,190 million (2,275), with a gross margin of 54.9 percent (52.9).
EBITDA amounted to DKK 395 million (639), with an EBITDA margin of 9.9 percent (14.9).
EBITA amounted to DKK 300 million (538), with an EBITA margin of 7.5 percent (12.5).
GN Store Nord reports that the direct impact of the latest tariff increases was limited during the quarter, but measures are being taken to protect future profits, including faster diversification of production, price increases in the US for Enterprise and Gaming, and group-wide cost savings.
As a result, the financial forecast has been adjusted: GN Store Nord now expects organic revenue growth of -3 to +3 percent (previously 3 to 7 percent) and an EBITA margin of 11 to 13 percent (previously 12 to 14 percent). The forecast for free cash flow excluding acquisitions remains at approximately DKK 800 million.
"It is positive and promising for the future that the launch of ReSound Vivia is going very well and even exceeding the launch figures from previous successful product launches. We are also encouraged by the increased sales in the US and the rest of the world in the business segment, and we are pleased to see that our gaming business is delivering profitable growth despite a challenging market," said Karlstromer.
| GN Store Nord, Mdkk | Q1-2025 | Consensus | Change vs. consensus | Q1 | Change |
| Net sales | 3,986 | 4,240 | - | 4,303 | -7 |
| Organic sales growth, percent | -3 | 5 | |||
| Gross profit | 2,190 | 2,275 | -3 | ||
| Gross margin | 54 | 5 | |||
| EBITDA | 395 | 639 | -38 | ||
| EBITDA margin | 9 | 14 | |||
| EBITA | 300 | 538 | - | ||
| EBITA margin | 7 | 12 |
