GN Store Nord stock fell 2.63 percent as margins improved

Published on 10/04/2026 at 20:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GN Store Nord stock stood at DKK 105.40 on October 2, 2026, while Q2 adjusted EBITA margin reached 5 percent. The 2026 margin guide rose to 9%-10 percent.

Flatlay mit Aktienzertifikat, ISIN-Karte, Hörgeräten und Elektronikteilen auf Holz — GN Store Nord A/S (DK0010272632): Flatlay mit Aktienzertifikat, ISIN-Karte, Hörgeräten und Elektronikbauteilen auf Holztisch, Illustration mit AI erstellt.

GN Store Nord stock (ISIN DK0010272632) was last at DKK 105.40 on Nasdaq Copenhagen on October 2, 2026 at 4:59 p.m. CEST, down 2.63 percent from the previous session. The Q2 2026 update combined a 5 percent adjusted EBITA margin with a 4 percent decline in organic revenue from continuing operations, according to Yahoo Finance on August 20, 2026.

Margin guidance rises to 9%-10%

GN Store Nord upgraded its full-year adjusted EBITA margin guidance to 9%-10 percent in the Q2 2026 update, while narrowing its organic revenue assumptions toward the lower half of the previous range. The company also included DKK 100 million-DKK 150 million of expected tariff refunds in the margin outlook, as reported in the Yahoo Finance transcript.

The margin improvement has a clear operational counterweight. Enterprise organic revenue fell 7 percent in Q2, or 3 percent excluding FalCom, while Gaming revenue reached DKK 630 million and grew 5 percent organically, according to Yahoo Finance.

Consensus stays above the quote

Analyst consensus is Outperform from 11 analysts, with an average target of DKK 113.63, a high target of DKK 131.80 and a low target of DKK 79.15, according to Marketscreener on September 10, 2026. The average target is 7.8 percent above the October 2 price, keeping the recovery case dependent on the expected second-half improvement.

That recovery depends partly on new products. GN said the Evolve3 portfolio was planned to address 50 percent of the Enterprise business after the September 2026 launches, while Gaming benefited from headset market share gains tied to Nova Pro Omni, according to Yahoo Finance.

Next report is set for November 5

Nasdaq reported on September 23, 2026 that Jyske Bank upgraded GN Store Nord from Hold to Buy. The next interim report is listed for November 5, 2026 by Affärsvärlden.

GN Store Nord stock remains below yearly high

GN Store Nord stock was last at DKK 105.40 on Nasdaq Copenhagen on October 2, 2026 at 4:59 p.m. CEST. Its 52-week range was DKK 85.12-DKK 123.75, market capitalization was DKK 15.3 billion and volume was 385,330 shares.