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EBITA of DKK 1.9 billion and EPS was DKK 9.72 Free cash flow excl. M&A was DKK 1.9 billion and net interest-bearing debt was 1.8x EBITDA GN Store Nord managed the unprecedented challenges well in 2020. In a year when the entire world was heavily burdened by the global pandemic, GN adjusted appropriately, never compromising on innovation, launching multiple well-received state-of-the-art products, and managing expenditure diligently. In 2020, GN Store Nord was affected in three ways by COVID-19: (i) Various impact on production capacity and supply of components from subcontractors in H1 2020, (ii) GN Audio experienced strong demand as enterprises invested in employees working from home, and (iii) GN Hearing was impacted by lockdowns and local restrictions impacting demand. The impact of the pandemic obviously influenced GN Hearing in a completely different way than GN Audio, and we see having the two businesses under one roof as a position of strength for the company.

United statesHenriette wennickeLars otto andersen langeCour gormsenGitte aaboNasdaq copenhagenGn store nordGn groupHead of media relations corporate public affairsAnnual generalAnnual general meetingUnified communicationsInvestor relationsMedia relationsCorporate publicHear more