Reported Earnings • May 07
First quarter 2026 earnings released: kr.3.06 loss per share (vs kr.0.38 loss in 1Q 2025) First quarter 2026 results: kr.3.06 loss per share (further deteriorated from kr.0.38 loss in 1Q 2025). Revenue: kr.2.10b (down 8.2% from 1Q 2025). Net loss: kr.446.0m (loss widened kr.391.0m from 1Q 2025). Revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Europe are expected to grow by 5.2%. Recent Insider Transactions • Mar 22
Chief Executive Officer recently bought €374k worth of stock On the 19th of March, Peter Karlstromer bought around 30k shares on-market at roughly €12.45 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. New Risk • Mar 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (85% net debt to equity). Share price has been volatile over the past 3 months (8.3% average weekly change). お知らせ • Mar 16
Amplifon S.p.A. (BIT:AMP) entered into a definitive agreement to acquire GN Hearing A/S from GN Store Nord A/S (CPSE:GN) for DKK 17 billion. Amplifon S.p.A. (BIT:AMP) entered into a definitive agreement to acquire GN Hearing A/S from GN Store Nord A/S (CPSE:GN) for DKK 17 billion on March 16, 2026. As part of consideration, Amplifon S.p.A. will pay DKK 12.6 billion (€1.69 billion) in cash and will issue 56 million common shares of Amplifon S.p.A. Following the issue of such shares, GN Store Nord A/S will become the second largest shareholder with 16% stake in Amplifon S.p.A. Upon completion, GN Store Nord A/S remains committed to serving the customers of the Hearing business and will continue delivering high-quality, innovative products. The cash component of transaction will be financed through a committed bridge loan, with a mix of debt and equity and/or equity-linked instruments. At closing and pro-forma for the Transaction, Amplifon will have a c.3.0x pro-forma net debt / adjusted EBITDA (excluding net synergies), accounting for up to DKK 5.6 billion (€750 million) equity raise (<2.9x including run-rate net synergies).
For the period ending December 31, 2025, GN Hearing A/S reported total revenue of DKK 7.2 billion (€1 billion), EBIT of DKK 1.2 billion (€160 million) and EBITDA of DKK 1.6 billion (€220 million).
The transaction is subject to customary regulatory approvals, subject to antitrust regulations and completion of the Hearing business separation from GN Store Nord A/S. The deal has been unanimously approved by the board of directors of Amplifon S.p.A. and GN Store Nord A/S. The transaction is expected to close by the end of 2026. The proceeds from the sale will be utilized to significantly reduce debt, invest in the ongoing business to support sustainable and profitable growth as well as returning capital to shareholders. The transaction is accretive to Amplifon’s growth, profitability and earnings.
Goldman Sachs Bank Europe SE, Italian Branch acted as sole financial advisor to Amplifon S.p.A. PedersoliGattai acted as legal advisor to Amplifon S.p.A. Ernst & Young Italia acted as due diligence provider to Amplifon S.p.A. White & Case LLP acted as legal advisor to Amplifon S.p.A. J.P. Morgan Securities plc acted as fairness opinion provider to the Board of Directors of GN Store Nord A/S. J.P. Morgan Securities plc acted as exclusive financial advisor to GN Store Nord A/S. Nordea Danmark, Filial af Nordea bank AB (Publ) FINLAND acted as financial advisor and fairness opinion provider to the Board of Directors of GN Store Nord A/S. Gorrissen Federspiel Advokatpartnerselskab acted as legal advisor to GN Store Nord A/S. Gianni & Origoni Law Firm acted as legal advisor to GN Store Nord A/S. Pricewaterhousecoopers Statsautoriseret Revisionsaktieselskab acted as due diligence provider to GN Store Nord A/S. Board Change • Mar 12
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Employee Representative Director Anders Roikjær was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. お知らせ • Mar 11
GN Store Nord A/S Announces Board Changes GN Store Nord A/S announced that in addition to the members elected by the general meeting, the following three persons have been elected as members of the Board of Directors by the employees: Jens Kirkelund, Lasse Emil Holmegaard Korff and Anders Roikjær replacing Leo Larsen, Claus Holmbeck-Madsen and Cathrin Inge Hansen.