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Stock impact report

Annual Report 2023: Strong execution across the company led to 13% organic revenue growth in GN Hearing and -8% organic revenue growth in GN Audio, while generating DKK 1.1 billion in free...

GN STORE NORD A/S ADR (GNNDY) 
NASDAQ:AMEX Investor Relations: gn.com/investor
Company Research Source: Yahoo! Finance
Adj. EBITA of DKK 1.8 billion New capital plan from May 2023 provides solid foundation for strategy execution. Free cash flow excl. M&A of DKK 1,092 million which together with the other pillars of the capital plan drove a DKK 4 billion reduction in net interest-bearing debt. Adj. leverage ended at 4.5x Transforming GN's businesses into a one-company setup and simplifying the Group's governance structure allowing for a more streamlined and customer-focused organizational setup In 2023, GN executed well and delivered strong results in markets that presented a mix of tailwinds and headwinds. In the hearing aid business, GN executed strongly leading to market share gains as a result of 13% organic revenue growth – in line with financial guidance. The performance was broad-based across channels driven by the successful ReSound OMNIA family with 12% organic revenue growth in the Core business and 33% organic revenue growth in the Emerging business. Revenue reached DKK 6,802 millio Show less Read more
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